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Pricing

2023
Flag → Flag
Exports $18.7MRnk 52 / 166
2023
Flag → Flag
Top Product $18MFrozen Bovine Meat
2023
Flag → Flag
Exports $13.5kRnk 97 / 123
2023
Flag → Flag
Top Product $13.2kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
GDP PC $22,798CURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC$20,016CURRENT US$
Rnk 64 / 196
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Uruguay-Trinidad and Tobago Trade: In 2023, Uruguay exported $18.7M to Trinidad and Tobago. The main products that Uruguay exported to Trinidad and Tobago were Frozen Bovine Meat ($18M), Sheep and Goat Meat ($461k), and Packaged Medicaments ($122k). Over the past 5 years the exports of Uruguay to Trinidad and Tobago have increased at an annualized rate of 1.8%, from $17.1M in 2018 to $18.7M in 2023.

In 2023, Uruguay did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Uruguay Trade: In 2023, Trinidad and Tobago exported $13.5k to Uruguay. The main products that Trinidad and Tobago exported to Uruguay were Hard Liquor ($13.2k) and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($264). Over the past 5 years the exports of Trinidad and Tobago to Uruguay have decreased at an annualized rate of 76.7%,  from $19.5M in 2018 to $13.5k in 2023.

In 2023, Trinidad and Tobago 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, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Uruguay exported $18.7M to Trinidad and Tobago. The main products exported from Uruguay to Trinidad and Tobago were Frozen Bovine Meat ($18M), Sheep and Goat Meat ($461k), and Packaged Medicaments ($122k). During the last 5 years the exports of Uruguay to Trinidad and Tobago have increased at an annualized rate of 1.8%, from $17.1M in 2018 to $18.7M in 2023.

In 2018, Trinidad and Tobago exported $13.5k to Uruguay. The main products exported from Trinidad and Tobago to Uruguay were Hard Liquor ($13.2k) and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($264). During the last 5 years the exports of Trinidad and Tobago to Uruguay have decreased at an annualized rate of 76.7%, from $19.5M in 2023 to $13.5k in 2018.

Exports from Uruguay (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to Uruguay (Flag) (2023)

Latest Data

Trade between Uruguay (Flag) and Trinidad and Tobago (Flag)

Uruguay Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.34B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Uruguay than Trinidad and Tobago included China ($2.34B), Brazil ($1.92B), and Argentina ($569M).

In 2023, countries that imported more from Trinidad and Tobago than Uruguay included United States ($3.26B), Guyana ($625M), and Barbados ($460M).

Difference in imports from Trinidad and Tobago (Flag) and Uruguay (Flag) (2023)

Comparative Advantage Uruguay - Trinidad and Tobago

Flow
Scale

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

During 2023, Uruguay had a large net trade with Trinidad and Tobago in the exports of Animal Products ($18.5M), Chemical Products ($122k), and Plastics and Rubbers ($35.9k).

During 2018, Trinidad and Tobago had a large net trade with Uruguay in the exports of Foodstuffs ($13.2k) and Chemical Products ($264).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Trinidad and Tobago+$293kConcentrated Milk
Top Product Potential Trinidad and Tobago Uruguay+$40.7kAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)

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

Product Space of Uruguay (Flag) and Trinidad and Tobago (Flag) (2023)

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