Uruguay (URY) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Uruguay-Georgia Trade: In 2023, Uruguay exported $5.64M to Georgia. The main products that Uruguay exported to Georgia were Butter ($2.9M), Concentrated Milk ($2.06M), and Non-fillet Frozen Fish ($410k). Over the past 5 years the exports of Uruguay to Georgia have increased at an annualized rate of 32.5%, from $1.38M in 2018 to $5.64M in 2023.

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

Georgia-Uruguay Trade: In 2023, Georgia exported $67.9k to Uruguay. The main products that Georgia exported to Uruguay were Petroleum Coke ($28.8k), Special Pharmaceuticals ($22.9k), and Revolution Counters ($7.94k). Over the past 5 years the exports of Georgia to Uruguay have decreased at an annualized rate of 34%, from $542k in 2018 to $67.9k in 2023.

In 2023, Georgia 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, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $5.64M to Georgia. The main products exported from Uruguay to Georgia were Butter ($2.9M), Concentrated Milk ($2.06M), and Non-fillet Frozen Fish ($410k). During the last 5 years the exports of Uruguay to Georgia have increased at an annualized rate of 32.5%, from $1.38M in 2018 to $5.64M in 2023.

In 2018, Georgia exported $67.9k to Uruguay. The main products exported from Georgia to Uruguay were Petroleum Coke ($28.8k), Special Pharmaceuticals ($22.9k), and Revolution Counters ($7.94k). During the last 5 years the exports of Georgia to Uruguay have decreased at an annualized rate of 34%, from $542k in 2023 to $67.9k in 2018.

Exports from Uruguay () to Georgia () (2023)

Exports from Georgia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Georgia ()

Uruguay Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Georgia
Top DestinationAzerbaijan$828M

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

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

In 2023, countries that imported more from Georgia than Uruguay included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

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

Comparative Advantage Uruguay - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Georgia in the exports of Animal Products ($5.42M), Chemical Products ($107k), and Vegetable Products ($83.2k).

During 2018, Georgia had a large net trade with Uruguay in the exports of Mineral Products ($28.8k), Chemical Products ($22.9k), and Instruments ($8.21k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Georgia+$229kConcentrated Milk

Top Product Potential Georgia Uruguay+$384kNitrogenous Fertilizers

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Georgia () (2023)

Exports from Georgia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Georgia ()

Uruguay Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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