Uruguay (URY) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Uruguay-Kuwait Trade: In 2022, Uruguay exported $6.3M to Kuwait. The main products that Uruguay exported to Kuwait were Sheep and Goat Meat ($4.44M), Frozen Bovine Meat ($1.04M), and Other Prepared Meat ($344k). Over the past 5 years the exports of Uruguay to Kuwait have decreased at an annualized rate of 4.18%, from $7.8M in 2017 to $6.3M in 2022.

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

Kuwait-Uruguay Trade: In 2022, Kuwait exported $408 to Uruguay. The main products that Kuwait exported to Uruguay were Electric Filament ($254) and Chemical Analysis Instruments ($154). Over the past 5 years the exports of Kuwait to Uruguay have decreased at an annualized rate of 85.4%, from $6.11M in 2017 to $408 in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $6.3M to Kuwait. The main products exported from Uruguay to Kuwait were Sheep and Goat Meat ($4.44M), Frozen Bovine Meat ($1.04M), and Other Prepared Meat ($344k). During the last 5 years the exports of Uruguay to Kuwait have decreased at an annualized rate of 4.18%, from $7.8M in 2017 to $6.3M in 2022.

In 2017, Kuwait exported $408 to Uruguay. The main products exported from Kuwait to Uruguay were Electric Filament ($254) and Chemical Analysis Instruments ($154). During the last 5 years the exports of Kuwait to Uruguay have decreased at an annualized rate of 85.4%, from $6.11M in 2022 to $408 in 2017.

Exports from Uruguay () to Kuwait () (2022)

Exports from Kuwait () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Kuwait ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Uruguay than Kuwait included Brazil ($1.69B), Argentina ($999M), and Netherlands ($587M).

In 2022, countries that imported more from Kuwait than Uruguay included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Uruguay - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Kuwait in the exports of Animal Products ($5.74M), Foodstuffs ($355k), and Chemical Products ($152k).

During 2017, Kuwait had a large net trade with Uruguay in the exports of Machines ($254) and Instruments ($154).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Kuwait+$1.11MFrozen Bovine Meat

Top Product Potential Kuwait Uruguay+$6.32kCrude 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 Kuwait. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Uruguay.

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Kuwait () (2022)

Exports from Kuwait () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Kuwait ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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