Uruguay (URY) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Uruguay-Iraq Trade: In 2022, Uruguay exported $16.6M to Iraq. The main products that Uruguay exported to Iraq were Rice ($11.9M), Barley ($3.86M), and Packaged Medicaments ($327k). Over the past 5 years the exports of Uruguay to Iraq have decreased at an annualized rate of 19.1%, from $48M in 2017 to $16.6M in 2022.

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

Iraq-Uruguay In N/A, Iraq did not export any products to Uruguay.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $16.6M to Iraq. The main products exported from Uruguay to Iraq were Rice ($11.9M), Barley ($3.86M), and Packaged Medicaments ($327k). During the last 5 years the exports of Uruguay to Iraq have decreased at an annualized rate of 19.1%, from $48M in 2017 to $16.6M in 2022.

Iraq does not register exports to Uruguay.

Exports from Uruguay () to Iraq () (2022)

Exports from Iraq () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Iraq ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Uruguay than Iraq included Brazil ($1.69B), Argentina ($999M), and Algeria ($229M).

In 2022, countries that imported more from Iraq than Uruguay included India ($38.8B), China ($34B), and United States ($10.3B).

Difference in imports from Iraq () and Uruguay () (2022)

Comparative Advantage Uruguay - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Iraq in the exports of Vegetable Products ($15.7M), Animal Products ($382k), and Chemical Products ($327k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Iraq+$1.36MRice

Top Product Potential Iraq Uruguay+$8.55kCrude 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 Iraq. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Uruguay.

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Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Iraq () (2022)

Exports from Iraq () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Iraq ()

Uruguay Exports

Market Competitiveness

Difference in imports from Iraq () and Uruguay () (2022)

Comparative Advantage Uruguay - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Iraq () (2022)

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