Uruguay (URY) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Uruguay-Colombia Trade: In 2023, Uruguay exported $90.3M to Colombia. The main products that Uruguay exported to Colombia were Scented Mixtures ($22.3M), Other Edible Preparations ($21.5M), and Concentrated Milk ($8.11M). Over the past 5 years the exports of Uruguay to Colombia have increased at an annualized rate of 8.2%, from $60.9M in 2018 to $90.3M in 2023.

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

Colombia-Uruguay Trade: In 2023, Colombia exported $35M to Uruguay. The main products that Colombia exported to Uruguay were Refined Petroleum ($4.03M), Vaccines, blood, antisera, toxins and cultures ($2.44M), and Iron Structures ($2.02M). Over the past 5 years the exports of Colombia to Uruguay have decreased at an annualized rate of 22.9%, from $129M in 2018 to $35M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $90.3M to Colombia. The main products exported from Uruguay to Colombia were Scented Mixtures ($22.3M), Other Edible Preparations ($21.5M), and Concentrated Milk ($8.11M). During the last 5 years the exports of Uruguay to Colombia have increased at an annualized rate of 8.2%, from $60.9M in 2018 to $90.3M in 2023.

In 2018, Colombia exported $35M to Uruguay. The main products exported from Colombia to Uruguay were Refined Petroleum ($4.03M), Vaccines, blood, antisera, toxins and cultures ($2.44M), and Iron Structures ($2.02M). During the last 5 years the exports of Colombia to Uruguay have decreased at an annualized rate of 22.9%, from $129M in 2023 to $35M in 2018.

Exports from Uruguay () to Colombia () (2023)

Exports from Colombia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Colombia ()

Uruguay Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Uruguay than Colombia included Argentina ($569M), Algeria ($121M), and Portugal ($133M).

In 2023, countries that imported more from Colombia than Uruguay included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Uruguay - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Colombia in the exports of Chemical Products ($35.7M), Foodstuffs ($22.8M), and Animal Products ($17.1M).

During 2018, Colombia had a large net trade with Uruguay in the exports of Chemical Products ($11.2M), Plastics and Rubbers ($4.15M), and Mineral Products ($4.05M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Colombia+$2.46MPackaged Medicaments

Top Product Potential Colombia Uruguay+$3.05MRefined 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 Colombia. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Uruguay.

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Colombia () (2023)

Exports from Colombia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Colombia ()

Uruguay Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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