Panama-Uruguay Trade: In 2022, Panama exported $12.5M to Uruguay. The main products that Panama exported to Uruguay were Tanned Equine and Bovine Hides ($10.2M), Air Conditioners ($274k), and Video Recording Equipment ($241k). Over the past 5 years the exports of Panama to Uruguay have decreased at an annualized rate of 29.1%, from $69.9M in 2017 to $12.5M in 2022.
In 2022, Panama did not export any services to Uruguay.
Uruguay-Panama Trade: In 2022, Uruguay exported $35.6M to Panama. The main products that Uruguay exported to Panama were Concentrated Milk ($19.8M), Rolled Tobacco ($3.4M), and Tanned Equine and Bovine Hides ($2.44M). Over the past 5 years the exports of Uruguay to Panama have increased at an annualized rate of 2.23%, from $29.8M in 2017 to $35.6M in 2022.
In 2022, Uruguay did not export any services to Panama.
Comparison: In 2022, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).