2022
Flag  
GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 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 
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 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

Greece-Uruguay Trade: In 2022, Greece exported $10.4M to Uruguay. The main products that Greece exported to Uruguay were Raw Tobacco ($2.56M), Petroleum Coke ($2.29M), and Industrial Fatty Acids, Oils and Alcohols ($692k). Over the past 5 years the exports of Greece to Uruguay have increased at an annualized rate of 2.76%, from $9.09M in 2017 to $10.4M in 2022.

In 2020, Greece exported services to Uruguay worth $25.6M, with Transportation ($25.5M) and Other business services ($114k) being the largest in terms of value.

Uruguay-Greece Trade: In 2022, Uruguay exported $1.54M to Greece. The main products that Uruguay exported to Greece were Sulfate Chemical Woodpulp ($1.09M), Sawn Wood ($124k), and Scrap Aluminium ($75.9k). Over the past 5 years the exports of Uruguay to Greece have decreased at an annualized rate of 1.82%,  from $2.11M in 2017 to $1.54M in 2022.

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

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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, Greece exported $10.4M to Uruguay. The main products exported from Greece to Uruguay were Raw Tobacco ($2.56M), Petroleum Coke ($2.29M), and Industrial Fatty Acids, Oils and Alcohols ($692k). During the last 5 years the exports of Greece to Uruguay have increased at an annualized rate of 2.76%, from $9.09M in 2017 to $10.4M in 2022.

In 2017, Uruguay exported $1.54M to Greece. The main products exported from Uruguay to Greece were Sulfate Chemical Woodpulp ($1.09M), Sawn Wood ($124k), and Scrap Aluminium ($75.9k). During the last 5 years the exports of Uruguay to Greece have decreased at an annualized rate of 1.82%, from $2.11M in 2022 to $1.54M in 2017.

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

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

Latest Data

Trade between Greece (Flag) and Uruguay (Flag)

Greece Exports

Uruguay Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Uruguay
Top Destination
China$2.89B

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

In 2022, countries that imported more from Greece than Uruguay included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

In 2022, countries that imported more from Uruguay than Greece included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

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

Comparative Advantage Greece - Uruguay

Flow
Scale

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

During 2022, Greece had a large net trade with Uruguay in the exports of Foodstuffs ($3.32M), Mineral Products ($2.33M), and Textiles ($1.41M).

During 2017, Uruguay had a large net trade with Greece in the exports of Paper Goods ($1.09M), Wood Products ($124k), and Animal Products ($113k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Uruguay+$293kPackaged Medicaments
Top Product Potential Uruguay Greece+$933kSulfate Chemical Woodpulp

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 Greece and Uruguay. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Greece.

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

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