Bangladesh (BGD) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Bangladesh-Uruguay Trade: In 2023, Bangladesh exported $47.5M to Uruguay. The main products that Bangladesh exported to Uruguay were Knit T-shirts ($10.4M), Knit Sweaters ($10.2M), and Non-Knit Women's Suits ($6.31M). Over the past 5 years the exports of Bangladesh to Uruguay have increased at an annualized rate of 23%, from $16.9M in 2018 to $47.5M in 2023.

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

Uruguay-Bangladesh Trade: In 2023, Uruguay exported $7.6M to Bangladesh. The main products that Uruguay exported to Bangladesh were Soybeans ($5.77M), Non-fillet Frozen Fish ($1.36M), and Concentrated Milk ($273k). Over the past 5 years the exports of Uruguay to Bangladesh have increased at an annualized rate of 15.8%, from $3.64M in 2018 to $7.6M in 2023.

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

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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, Bangladesh exported $47.5M to Uruguay. The main products exported from Bangladesh to Uruguay were Knit T-shirts ($10.4M), Knit Sweaters ($10.2M), and Non-Knit Women's Suits ($6.31M). During the last 5 years the exports of Bangladesh to Uruguay have increased at an annualized rate of 23%, from $16.9M in 2018 to $47.5M in 2023.

In 2018, Uruguay exported $7.6M to Bangladesh. The main products exported from Uruguay to Bangladesh were Soybeans ($5.77M), Non-fillet Frozen Fish ($1.36M), and Concentrated Milk ($273k). During the last 5 years the exports of Uruguay to Bangladesh have increased at an annualized rate of 15.8%, from $3.64M in 2023 to $7.6M in 2018.

Exports from Bangladesh () to Uruguay () (2023)

Exports from Uruguay () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Uruguay ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Bangladesh than Uruguay included Germany ($8.28B), United States ($8.58B), and United Kingdom ($4.25B).

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

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

Comparative Advantage Bangladesh - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Uruguay in the exports of Textiles ($45.9M), Footwear and Headwear ($1.26M), and Wood Products ($141k).

During 2018, Uruguay had a large net trade with Bangladesh in the exports of Vegetable Products ($5.77M), Animal Products ($1.7M), and Foodstuffs ($124k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Uruguay+$4.32MKnit Sweaters

Top Product Potential Uruguay Bangladesh+$1.56MConcentrated Milk

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Uruguay () (2023)

Exports from Uruguay () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Uruguay ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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