Flag Bolivia / Uruguay Flag

Exports Flag β†’ Flag  (2018): $13.2M, Rnk 28 / 122

Top Product Flag β†’ Flag (2018): $4.38M, Railroad Ties

Exports Flag β†’ Flag (2018): $58.9M, Rnk 26 / 157

Top Product Flag β†’ Flag (2018): $22.4M, Pesticides

Economic Complexity of Flag (2018): ECI -0.89, Rnk 108 / 137

Economic Complexity of Flag (2018): ECI 0.17, Rnk 58 / 137

GDP Flag (2018): $40.3B, CURRENT US$
Rnk 95 / 196

GDP GROWTH Flag (2008-2018): 142%, CURRENT US$
Rnk 12 / 196

GDP Flag (2018): $59.6B, CURRENT US$
Rnk 79 / 196

GDP GROWTH Flag (2008-2018): 96.3%, CURRENT US$
Rnk 33 / 196

GDP PC Flag (2018): $3,549, CURRENT US$
Rnk 129 / 196

GDP PC GROWTH Flag (2008-2018): 107%, CURRENT US$
Rnk 13 / 196

GDP PC Flag (2018): $17,278, CURRENT US$
Rnk 53 / 196

GDP PC GROWTH Flag (2008-2018): 90.1%, CURRENT US$
Rnk 20 / 196

Bolivia-Uruguay: In 2018, Bolivia exported $13.2M to Uruguay. The main products that Bolivia exported to Uruguay are Railroad Ties ($4.38M), Bananas ($1.53M), and Sawn Wood ($1.13M). During the last 23 years the exports of Bolivia to Uruguay have increased at an annualized rate of 7.49%, from $2.5M in 1995 to $13.2M in 2018.

In 2018, Bolivia did not exported services to Uruguay.

Uruguay-Bolivia: In 2018, Uruguay exported $58.9M to Bolivia . The main products that Uruguay exported to Bolivia were Pesticides ($22.4M), Malt ($18.9M), and Concentrated Milk ($2.57M). During the last 23 years the exports of Uruguay to Bolivia have increased at an annualized rate of 11.6%, from $4.74M in 1995 to $58.9M in 2018.

In 2018, Uruguay did not exported services to Bolivia.

Comparison: In 2018,  Bolivia ranked 108 in the Economic Complexity Index (ECI -0.89), and 90 in total exports ($9.42B). That same year, Uruguay ranked 58 in the Economic Complexity Index (ECI 0.17), and 92 in total exports ($8.96B).

Bilateral Trade by Products

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Depth
Value

In 2018, Bolivia exported $13.2M to Uruguay. The main products exported from Bolivia to Uruguay were Railroad Ties ($4.38M), Bananas ($1.53M), and Sawn Wood ($1.13M). During the last 23 years the exports of Bolivia to Uruguay have increased at an annualized rate of 7.49%, from $2.5M in 1995 to $13.2M in 2018.

In 2018, Uruguay exported $58.9M to Bolivia. The main products exported from Uruguay to Bolivia were Pesticides ($22.4M), Malt ($18.9M), and Concentrated Milk ($2.57M). During the last 23 years the exports of Uruguay to Bolivia have increased at an annualized rate of 11.6%, from $4.74M in 1995 to $58.9M in 2018.

Market Competitiveness

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Measure

Bolivia
Top Destination
: Brazil, $1.72B

Uruguay
Top Destination
: China, $2.04B

This map shows whether countries import more from Bolivia or Uruguay. Each country is colored based on the difference in imports they receive from Bolivia and Uruguay or the difference in the growth in imports.

In 2018, countries that imported more from Bolivia than Uruguay were Argentina ($1.45B), India ($723M), and Japan ($672M).

In 2018, countries that imported more from Uruguay than Bolivia were China ($2.04B), Netherlands ($553M), and Italy ($324M).

Comparative Advantage Bolivia - Uruguay

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Depth

This chart compares trade between Bolivia and Uruguay by product, considering products traded by both, Bolivia and Uruguay.

During 2018, Bolivia had a large net trade with Uruguay in the exports of Wood Products ($6.37M), Foodstuffs ($2.82M), and Vegetable Products ($1.96M).

During 2018, Uruguay had a large net trade with Bolivia in the exports of Chemical Products ($30.5M), Vegetable Products ($19M), and Animal Products ($3.9M).

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Bolivia has comparative advantage over Uruguay. Similarly, the more red a dot/product is, the more Uruguay has comparative advantage over Bolivia.