Colombia (COL) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Colombia-Uruguay Trade: In 2022, Colombia exported $47.2M to Uruguay. The main products that Colombia exported to Uruguay were Petroleum Coke ($4.94M), Refined Petroleum ($4.72M), and Vaccines, blood, antisera, toxins and cultures ($3.99M). Over the past 5 years the exports of Colombia to Uruguay have increased at an annualized rate of 4.37%, from $38.1M in 2017 to $47.2M in 2022.

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

Uruguay-Colombia Trade: In 2022, Uruguay exported $86.1M to Colombia. The main products that Uruguay exported to Colombia were Scented Mixtures ($20.3M), Other Edible Preparations ($16.8M), and Non-fillet Frozen Fish ($7.94M). Over the past 5 years the exports of Uruguay to Colombia have increased at an annualized rate of 8.5%, from $57.2M in 2017 to $86.1M in 2022.

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

Comparison: In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Colombia exported $47.2M to Uruguay. The main products exported from Colombia to Uruguay were Petroleum Coke ($4.94M), Refined Petroleum ($4.72M), and Vaccines, blood, antisera, toxins and cultures ($3.99M). During the last 5 years the exports of Colombia to Uruguay have increased at an annualized rate of 4.37%, from $38.1M in 2017 to $47.2M in 2022.

In 2017, Uruguay exported $86.1M to Colombia. The main products exported from Uruguay to Colombia were Scented Mixtures ($20.3M), Other Edible Preparations ($16.8M), and Non-fillet Frozen Fish ($7.94M). During the last 5 years the exports of Uruguay to Colombia have increased at an annualized rate of 8.5%, from $57.2M in 2022 to $86.1M in 2017.

Exports from Colombia () to Uruguay () (2022)

Exports from Uruguay () to Colombia () (2022)

Latest Data

Trade between Colombia () and Uruguay ()

Colombia Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Colombia than Uruguay included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from Uruguay than Colombia included China ($2.89B), Argentina ($999M), and Algeria ($229M).

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

Comparative Advantage Colombia - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with Uruguay in the exports of Chemical Products ($14.6M), Mineral Products ($9.66M), and Plastics and Rubbers ($5.39M).

During 2017, Uruguay had a large net trade with Colombia in the exports of Chemical Products ($35.1M), Animal Products ($18.8M), and Foodstuffs ($18.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Uruguay+$3.05MRefined Petroleum

Top Product Potential Uruguay Colombia+$2.46MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Uruguay () (2022)

Exports from Uruguay () to Colombia () (2022)

Latest Data

Trade between Colombia () and Uruguay ()

Colombia Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Colombia - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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