2022
Flag  
GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP
$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
GDP PC 
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC
$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH
13.2%CURRENT US$
Rnk 103 / 186

About

Uruguay-Ukraine Trade: In 2022, Uruguay exported $889k to Ukraine. The main products that Uruguay exported to Ukraine were Tanned Equine and Bovine Hides ($241k), Vaccines, blood, antisera, toxins and cultures ($210k), and Sulfate Chemical Woodpulp ($189k). Over the past 5 years the exports of Uruguay to Ukraine have decreased at an annualized rate of 33.3%, from $6.74M in 2017 to $889k in 2022.

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

Ukraine-Uruguay Trade: In 2022, Ukraine exported $1.14M to Uruguay. The main products that Ukraine exported to Uruguay were Ferroalloys ($210k), Broadcasting Equipment ($167k), and Valves ($105k). Over the past 5 years the exports of Ukraine to Uruguay have increased at an annualized rate of 13.7%,  from $530k in 2017 to $1.14M in 2022.

In 2022, Ukraine 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, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $889k to Ukraine. The main products exported from Uruguay to Ukraine were Tanned Equine and Bovine Hides ($241k), Vaccines, blood, antisera, toxins and cultures ($210k), and Sulfate Chemical Woodpulp ($189k). During the last 5 years the exports of Uruguay to Ukraine have decreased at an annualized rate of 33.3%, from $6.74M in 2017 to $889k in 2022.

In 2017, Ukraine exported $1.14M to Uruguay. The main products exported from Ukraine to Uruguay were Ferroalloys ($210k), Broadcasting Equipment ($167k), and Valves ($105k). During the last 5 years the exports of Ukraine to Uruguay have increased at an annualized rate of 13.7%, from $530k in 2022 to $1.14M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Ukraine (Flag)

Uruguay Exports

Ukraine Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
Ukraine
Top Destination
Poland$6.7B

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

In 2022, countries that imported more from Uruguay than Ukraine included Brazil ($1.69B), Argentina ($999M), and China ($2.89B).

In 2022, countries that imported more from Ukraine than Uruguay included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

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

Comparative Advantage Uruguay - Ukraine

Flow
Scale

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

During 2022, Uruguay had a large net trade with Ukraine in the exports of Animal Hides ($241k), Chemical Products ($224k), and Paper Goods ($189k).

During 2017, Ukraine had a large net trade with Uruguay in the exports of Machines ($592k), Metals ($244k), and Miscellaneous ($121k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Ukraine+$249kVaccines, blood, antisera, toxins and cultures
Top Product Potential Ukraine Uruguay+$340kTelephones

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

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

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