2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186

About

Ecuador-Uruguay Trade: In 2022, Ecuador exported $28.5M to Uruguay. The main products that Ecuador exported to Uruguay were Processed Fish ($10.8M), Bananas ($9.72M), and Cut Flowers ($1.88M). Over the past 5 years the exports of Ecuador to Uruguay have increased at an annualized rate of 1.61%, from $26.3M in 2017 to $28.5M in 2022.

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

Uruguay-Ecuador Trade: In 2022, Uruguay exported $27.2M to Ecuador. The main products that Uruguay exported to Ecuador were Packaged Medicaments ($4.47M), Vaccines, blood, antisera, toxins and cultures ($3.94M), and Frozen Bovine Meat ($3.26M). Over the past 5 years the exports of Uruguay to Ecuador have increased at an annualized rate of 8.79%,  from $17.8M in 2017 to $27.2M in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). 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
Value

In 2022, Ecuador exported $28.5M to Uruguay. The main products exported from Ecuador to Uruguay were Processed Fish ($10.8M), Bananas ($9.72M), and Cut Flowers ($1.88M). During the last 5 years the exports of Ecuador to Uruguay have increased at an annualized rate of 1.61%, from $26.3M in 2017 to $28.5M in 2022.

In 2017, Uruguay exported $27.2M to Ecuador. The main products exported from Uruguay to Ecuador were Packaged Medicaments ($4.47M), Vaccines, blood, antisera, toxins and cultures ($3.94M), and Frozen Bovine Meat ($3.26M). During the last 5 years the exports of Uruguay to Ecuador have increased at an annualized rate of 8.79%, from $17.8M in 2022 to $27.2M in 2017.

Exports from Ecuador (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Uruguay
Top Destination
China$2.89B

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

In 2022, countries that imported more from Ecuador than Uruguay included United States ($9.86B), Panama ($4.97B), and China ($6.17B).

In 2022, countries that imported more from Uruguay than Ecuador included Brazil ($1.69B), Argentina ($999M), and Algeria ($229M).

Difference in imports from Uruguay (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - Uruguay

Flow
Scale

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

During 2022, Ecuador had a large net trade with Uruguay in the exports of Vegetable Products ($12.7M), Foodstuffs ($11.5M), and Animal Products ($1.78M).

During 2017, Uruguay had a large net trade with Ecuador in the exports of Chemical Products ($15.4M), Animal Products ($3.45M), and Foodstuffs ($2.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Uruguay+$1.51MCrustaceans
Top Product Potential Uruguay Ecuador+$648kPackaged Medicaments

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

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

Product Space of Ecuador (Flag) and Uruguay (Flag) (2022)

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