Uruguay (URY) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Uruguay-Azerbaijan Trade: In 2023, Uruguay exported $6.81M to Azerbaijan. The main products that Uruguay exported to Azerbaijan were Bovine ($6.69M), Packaged Medicaments ($57.8k), and Rice ($42.6k). Over the past 5 years the exports of Uruguay to Azerbaijan have increased at an annualized rate of 93.2%, from $253k in 2018 to $6.81M in 2023.

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

Azerbaijan-Uruguay Trade: In 2023, Azerbaijan exported $24.2k to Uruguay. The main products that Azerbaijan exported to Uruguay were Iron Blocks ($24.2k). Over the past 5 years the exports of Azerbaijan to Uruguay have decreased at an annualized rate of 79.9%, from $74.4M in 2018 to $24.2k in 2023.

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

Comparison: In 2023, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $6.81M to Azerbaijan. The main products exported from Uruguay to Azerbaijan were Bovine ($6.69M), Packaged Medicaments ($57.8k), and Rice ($42.6k). During the last 5 years the exports of Uruguay to Azerbaijan have increased at an annualized rate of 93.2%, from $253k in 2018 to $6.81M in 2023.

In 2018, Azerbaijan exported $24.2k to Uruguay. The main products exported from Azerbaijan to Uruguay were Iron Blocks ($24.2k). During the last 5 years the exports of Azerbaijan to Uruguay have decreased at an annualized rate of 79.9%, from $74.4M in 2023 to $24.2k in 2018.

Exports from Uruguay () to Azerbaijan () (2023)

Exports from Azerbaijan () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Azerbaijan ()

Uruguay Exports

Date

Azerbaijan Exports

Date

Jun 2018

Jun 2014

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Azerbaijan
Top DestinationItaly$11.4B

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

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

In 2023, countries that imported more from Azerbaijan than Uruguay included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

Comparative Advantage Uruguay - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Azerbaijan in the exports of Animal Products ($6.69M), Chemical Products ($57.8k), and Vegetable Products ($52.1k).

During 2018, Azerbaijan had a large net trade with Uruguay in the exports of Metals ($24.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Azerbaijan+$143kPackaged Medicaments

Top Product Potential Azerbaijan Uruguay+$5.93kCrude Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Azerbaijan () (2023)

Exports from Azerbaijan () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Azerbaijan ()

Uruguay Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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