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Pricing

2022
Flag → Flag
Exports $11.3MRnk 99 / 210
2022
Flag → Flag
Top Product $4.6MPaper Containers
2022
Flag → Flag
Exports $6.02MRnk 86 / 168
2022
Flag → Flag
Top Product $4.75MSoybean Meal
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

New Zealand-Uruguay Trade: In 2022, New Zealand exported $11.3M to Uruguay. The main products that New Zealand exported to Uruguay were Paper Containers ($4.6M), Cheese ($815k), and Sowing Seeds ($747k). Over the past 5 years the exports of New Zealand to Uruguay have decreased at an annualized rate of 3.62%, from $13.6M in 2017 to $11.3M in 2022.

In 2022, New Zealand did not export any services to Uruguay.

Uruguay-New Zealand Trade: In 2022, Uruguay exported $6.02M to New Zealand. The main products that Uruguay exported to New Zealand were Soybean Meal ($4.75M), Sawn Wood ($360k), and Harvesting Machinery ($140k). Over the past 5 years the exports of Uruguay to New Zealand have increased at an annualized rate of 3.4%,  from $5.09M in 2017 to $6.02M in 2022.

In 2022, Uruguay did not export any services to New Zealand.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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, New Zealand exported $11.3M to Uruguay. The main products exported from New Zealand to Uruguay were Paper Containers ($4.6M), Cheese ($815k), and Sowing Seeds ($747k). During the last 5 years the exports of New Zealand to Uruguay have decreased at an annualized rate of 3.62%, from $13.6M in 2017 to $11.3M in 2022.

In 2017, Uruguay exported $6.02M to New Zealand. The main products exported from Uruguay to New Zealand were Soybean Meal ($4.75M), Sawn Wood ($360k), and Harvesting Machinery ($140k). During the last 5 years the exports of Uruguay to New Zealand have increased at an annualized rate of 3.4%, from $5.09M in 2022 to $6.02M in 2017.

Exports from New Zealand (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Uruguay (Flag)

New Zealand Exports

Uruguay Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$13.1B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from New Zealand than Uruguay included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

In 2022, countries that imported more from Uruguay than New Zealand included Brazil ($1.69B), Argentina ($999M), and Italy ($444M).

Difference in imports from Uruguay (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Uruguay

Flow
Scale

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

During 2022, New Zealand had a large net trade with Uruguay in the exports of Paper Goods ($4.61M), Machines ($2.05M), and Animal Products ($1.33M).

During 2017, Uruguay had a large net trade with New Zealand in the exports of Foodstuffs ($4.9M), Wood Products ($361k), and Machines ($228k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Uruguay+$335kCheese
Top Product Potential Uruguay New Zealand+$319kSawn Wood

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

Product Space of New Zealand (Flag) and Uruguay (Flag) (2022)

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