Uruguay (URY) and Thailand (THA) Trade | The Observatory of Economic Complexity

About

Uruguay-Thailand Trade: In 2022, Uruguay exported $132M to Thailand. The main products that Uruguay exported to Thailand were Tanned Equine and Bovine Hides ($119M), Animal Organs ($3.08M), and Sawn Wood ($2.71M). Over the past 5 years the exports of Uruguay to Thailand have increased at an annualized rate of 19.9%, from $53.4M in 2017 to $132M in 2022.

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

Thailand-Uruguay Trade: In 2022, Thailand exported $41.5M to Uruguay. The main products that Thailand exported to Uruguay were Office Machine Parts ($5.41M), Industrial Printers ($4.25M), and Delivery Trucks ($4.16M). Over the past 5 years the exports of Thailand to Uruguay have increased at an annualized rate of 1.42%, from $37.7M in 2017 to $41.5M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $132M to Thailand. The main products exported from Uruguay to Thailand were Tanned Equine and Bovine Hides ($119M), Animal Organs ($3.08M), and Sawn Wood ($2.71M). During the last 5 years the exports of Uruguay to Thailand have increased at an annualized rate of 19.9%, from $53.4M in 2017 to $132M in 2022.

In 2017, Thailand exported $41.5M to Uruguay. The main products exported from Thailand to Uruguay were Office Machine Parts ($5.41M), Industrial Printers ($4.25M), and Delivery Trucks ($4.16M). During the last 5 years the exports of Thailand to Uruguay have increased at an annualized rate of 1.42%, from $37.7M in 2022 to $41.5M in 2017.

Exports from Uruguay () to Thailand () (2022)

Exports from Thailand () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Thailand ()

Uruguay Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Uruguay than Thailand included Algeria ($229M), Paraguay ($149M), and Cuba ($56.8M).

In 2022, countries that imported more from Thailand than Uruguay included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Uruguay - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Thailand in the exports of Animal Hides ($119M), Animal Products ($7.59M), and Wood Products ($2.71M).

During 2017, Thailand had a large net trade with Uruguay in the exports of Machines ($16M), Plastics and Rubbers ($10.1M), and Transportation ($5.59M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Thailand+$1.22MSulfate Chemical Woodpulp

Top Product Potential Thailand Uruguay+$4.46MDelivery Trucks

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Uruguay and Thailand. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Uruguay.

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Thailand () (2022)

Exports from Thailand () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Thailand ()

Uruguay Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Thailand

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring