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Pricing

2022
Flag → Flag
Exports $409kRnk 133 / 168
2022
Flag → Flag
Top Product $255kPrepared Wool or Animal Hair
2022
Flag → Flag
Exports $54.8kRnk 111 / 127
2022
Flag → Flag
Top Product $52.9kHand-Woven Rugs
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Uruguay-Iran Trade: In 2022, Uruguay exported $409k to Iran. The main products that Uruguay exported to Iran were Prepared Wool or Animal Hair ($255k), Wool ($138k), and Packaged Medicaments ($16.3k). Over the past 5 years the exports of Uruguay to Iran have decreased at an annualized rate of 69.9%, from $165M in 2017 to $409k in 2022.

In 2022, Uruguay did not export any services to Iran.

Iran-Uruguay Trade: In 2022, Iran exported $54.8k to Uruguay. The main products that Iran exported to Uruguay were Hand-Woven Rugs ($52.9k) and Other Vegetable Products ($1.96k). Over the past 5 years the exports of Iran to Uruguay have decreased at an annualized rate of 60.6%,  from $5.78M in 2017 to $54.8k in 2022.

In 2022, Iran did not export any services to Uruguay.

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $409k to Iran. The main products exported from Uruguay to Iran were Prepared Wool or Animal Hair ($255k), Wool ($138k), and Packaged Medicaments ($16.3k). During the last 5 years the exports of Uruguay to Iran have decreased at an annualized rate of 69.9%, from $165M in 2017 to $409k in 2022.

In 2017, Iran exported $54.8k to Uruguay. The main products exported from Iran to Uruguay were Hand-Woven Rugs ($52.9k) and Other Vegetable Products ($1.96k). During the last 5 years the exports of Iran to Uruguay have decreased at an annualized rate of 60.6%, from $5.78M in 2022 to $54.8k in 2017.

Exports from Uruguay (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to Uruguay (Flag) (2022)

Latest Data

Trade between Uruguay (Flag) and Iran (Flag)

Uruguay Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Uruguay than Iran included Brazil ($1.69B), Argentina ($999M), and United States ($818M).

In 2022, countries that imported more from Iran than Uruguay included Turkey ($3.17B), China ($5.72B), and Kuwait ($960M).

Difference in imports from Iran (Flag) and Uruguay (Flag) (2022)

Comparative Advantage Uruguay - Iran

Flow
Scale

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

During 2022, Uruguay had a large net trade with Iran in the exports of Textiles ($393k) and Chemical Products ($16.3k).

During 2017, Iran had a large net trade with Uruguay in the exports of Textiles ($52.9k) and Vegetable Products ($1.96k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Iran+$97.9kWool
Top Product Potential Iran Uruguay+$13.3kHand-Woven Rugs

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

Product Space of Uruguay (Flag) and Iran (Flag) (2022)

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