Lesotho (LSO) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Lesotho-Uruguay Trade: In 2023, Lesotho exported $215k to Uruguay. The main products that Lesotho exported to Uruguay were Wool ($215k) and Non-Knit Men's Suits ($529). Over the past 6 years the exports of Lesotho to Uruguay have increased at an annualized rate of 45.1%, from $23.1k in 2017 to $215k in 2023.

In 2023, Lesotho did not export any services to Uruguay.

Uruguay-Lesotho In N/A, Uruguay did not export any products to Lesotho.

In 2023, Uruguay did not export any services to Lesotho.

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lesotho exported $215k to Uruguay. The main products exported from Lesotho to Uruguay were Wool ($215k) and Non-Knit Men's Suits ($529). During the last 6 years the exports of Lesotho to Uruguay have increased at an annualized rate of 45.1%, from $23.1k in 2017 to $215k in 2023.

Uruguay does not register exports to Lesotho. The main products exported from Uruguay to Lesotho were Chalkboards ($121).

Exports from Lesotho () to Uruguay () (2023)

Exports from Uruguay () to Lesotho () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Lesotho than Uruguay included South Africa ($351M), Belgium ($295M), and United Arab Emirates ($95.4M).

In 2023, countries that imported more from Uruguay than Lesotho included China ($2.34B), Brazil ($1.92B), and United States ($880M).

Difference in imports from Uruguay () and Lesotho () (2023)

Comparative Advantage Lesotho - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lesotho had a large net trade with Uruguay in the exports of Textiles ($215k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Uruguay+$4.17kNon-Knit Women's Suits

Top Product Potential Uruguay Lesotho+$1.33kFrozen Bovine Meat

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

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Uruguay () (2023)

Exports from Uruguay () to Lesotho () (2023)

Market Competitiveness

Difference in imports from Uruguay () and Lesotho () (2023)

Comparative Advantage Lesotho - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and Uruguay () (2023)

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