Armenia (ARM) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Armenia-Uruguay Trade: In 2023, Armenia exported $45.1k to Uruguay. The main products that Armenia exported to Uruguay were Beer ($20.4k), Ferroalloys ($17.6k), and Coffee ($3.38k). Over the past 5 years the exports of Armenia to Uruguay have increased at an annualized rate of 30.1%, from $12.1k in 2018 to $45.1k in 2023.

In 2023, Armenia did not export any services to Uruguay.

Uruguay-Armenia Trade: In 2023, Uruguay exported $1.15M to Armenia. The main products that Uruguay exported to Armenia were Vaccines, blood, antisera, toxins and cultures ($990k), Butter ($126k), and Ornamental Ceramics ($32.9k). Over the past 5 years the exports of Uruguay to Armenia have increased at an annualized rate of 192%, from $5.41k in 2018 to $1.15M in 2023.

In 2023, Uruguay did not export any services to Armenia.

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $45.1k to Uruguay. The main products exported from Armenia to Uruguay were Beer ($20.4k), Ferroalloys ($17.6k), and Coffee ($3.38k). During the last 5 years the exports of Armenia to Uruguay have increased at an annualized rate of 30.1%, from $12.1k in 2018 to $45.1k in 2023.

In 2018, Uruguay exported $1.15M to Armenia. The main products exported from Uruguay to Armenia were Vaccines, blood, antisera, toxins and cultures ($990k), Butter ($126k), and Ornamental Ceramics ($32.9k). During the last 5 years the exports of Uruguay to Armenia have increased at an annualized rate of 192%, from $5.41k in 2023 to $1.15M in 2018.

Exports from Armenia () to Uruguay () (2023)

Exports from Uruguay () to Armenia () (2023)

Latest Data

Trade between Armenia () and Uruguay ()

Armenia Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Armenia than Uruguay included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Uruguay than Armenia included Brazil ($1.92B), China ($2.34B), and United States ($880M).

Difference in imports from Uruguay () and Armenia () (2023)

Comparative Advantage Armenia - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Uruguay in the exports of Foodstuffs ($21.2k), Metals ($17.6k), and Vegetable Products ($3.38k).

During 2018, Uruguay had a large net trade with Armenia in the exports of Chemical Products ($990k), Animal Products ($126k), and Stone And Glass ($32.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Uruguay+$20.9kNon-Knit Men's Coats

Top Product Potential Uruguay Armenia+$72.1kVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Uruguay () (2023)

Exports from Uruguay () to Armenia () (2023)

Latest Data

Trade between Armenia () and Uruguay ()

Armenia Exports

Uruguay Exports

Market Competitiveness

Difference in imports from Uruguay () and Armenia () (2023)

Comparative Advantage Armenia - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Uruguay () (2023)

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