Switzerland (CHE) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Switzerland-Uruguay Trade: In 2022, Switzerland exported $109M to Uruguay. The main products that Switzerland exported to Uruguay were Packaged Medicaments ($40.2M), Vaccines, blood, antisera, toxins and cultures ($25.9M), and Base Metal Watches ($11.1M). Over the past 5 years the exports of Switzerland to Uruguay have decreased at an annualized rate of 1.87%, from $120M in 2017 to $109M in 2022.

In 2019, Switzerland exported services to Uruguay worth $112k, with Travel ($112k) being the largest in terms of value.

Uruguay-Switzerland Trade: In 2022, Uruguay exported $30M to Switzerland. The main products that Uruguay exported to Switzerland were Bovine Meat ($20.5M), Gold ($4.73M), and Sheep and Goat Meat ($802k). Over the past 5 years the exports of Uruguay to Switzerland have decreased at an annualized rate of 14%, from $63.7M in 2017 to $30M in 2022.

In 2022, Uruguay did not export any services to Switzerland.

Comparison: In 2022, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Switzerland exported $109M to Uruguay. The main products exported from Switzerland to Uruguay were Packaged Medicaments ($40.2M), Vaccines, blood, antisera, toxins and cultures ($25.9M), and Base Metal Watches ($11.1M). During the last 5 years the exports of Switzerland to Uruguay have decreased at an annualized rate of 1.87%, from $120M in 2017 to $109M in 2022.

In 2017, Uruguay exported $30M to Switzerland. The main products exported from Uruguay to Switzerland were Bovine Meat ($20.5M), Gold ($4.73M), and Sheep and Goat Meat ($802k). During the last 5 years the exports of Uruguay to Switzerland have decreased at an annualized rate of 14%, from $63.7M in 2022 to $30M in 2017.

Exports from Switzerland () to Uruguay () (2022)

Exports from Uruguay () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Uruguay ()

Switzerland Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationUnited States$61.7B

Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Switzerland than Uruguay included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

In 2022, countries that imported more from Uruguay than Switzerland included Argentina ($999M), Paraguay ($149M), and Guatemala ($128M).

Difference in imports from Uruguay () and Switzerland () (2022)

Comparative Advantage Switzerland - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Switzerland had a large net trade with Uruguay in the exports of Chemical Products ($73.8M), Instruments ($19.6M), and Machines ($7.34M).

During 2017, Uruguay had a large net trade with Switzerland in the exports of Animal Products ($22M), Precious Metals ($4.77M), and Vegetable Products ($1.42M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Uruguay+$7.77MPackaged Medicaments

Top Product Potential Uruguay Switzerland+$2.24MGold

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Switzerland and Uruguay. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Switzerland.

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Uruguay () (2022)

Exports from Uruguay () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Uruguay ()

Switzerland Exports

Uruguay Exports

Market Competitiveness

Difference in imports from Uruguay () and Switzerland () (2022)

Comparative Advantage Switzerland - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Uruguay () (2022)

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