Georgia (GEO) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Georgia-Uruguay Trade: In 2022, Georgia exported $5.42M to Uruguay. The main products that Georgia exported to Uruguay were Nitrogenous Fertilizers ($5.04M), Ferroalloys ($343k), and Other Heating Machinery ($14.6k). Over the past 5 years the exports of Georgia to Uruguay have increased at an annualized rate of 121%, from $102k in 2017 to $5.42M in 2022.

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

Uruguay-Georgia Trade: In 2022, Uruguay exported $5.43M to Georgia. The main products that Uruguay exported to Georgia were Butter ($4.14M), Concentrated Milk ($515k), and Non-fillet Frozen Fish ($389k). Over the past 5 years the exports of Uruguay to Georgia have increased at an annualized rate of 30.6%, from $1.1M in 2017 to $5.43M in 2022.

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

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). 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, Georgia exported $5.42M to Uruguay. The main products exported from Georgia to Uruguay were Nitrogenous Fertilizers ($5.04M), Ferroalloys ($343k), and Other Heating Machinery ($14.6k). During the last 5 years the exports of Georgia to Uruguay have increased at an annualized rate of 121%, from $102k in 2017 to $5.42M in 2022.

In 2017, Uruguay exported $5.43M to Georgia. The main products exported from Uruguay to Georgia were Butter ($4.14M), Concentrated Milk ($515k), and Non-fillet Frozen Fish ($389k). During the last 5 years the exports of Uruguay to Georgia have increased at an annualized rate of 30.6%, from $1.1M in 2022 to $5.43M in 2017.

Exports from Georgia () to Uruguay () (2022)

Exports from Uruguay () to Georgia () (2022)

Latest Data

Trade between Georgia () and Uruguay ()

Georgia Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Georgia than Uruguay included Azerbaijan ($668M), Armenia ($571M), and Russia ($642M).

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

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

Comparative Advantage Georgia - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Uruguay in the exports of Chemical Products ($5.04M), Metals ($347k), and Machines ($25k).

During 2017, Uruguay had a large net trade with Georgia in the exports of Animal Products ($5.19M), Instruments ($218k), and Chemical Products ($29k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Uruguay+$384kNitrogenous Fertilizers

Top Product Potential Uruguay Georgia+$229kConcentrated 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 Georgia and Uruguay. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Georgia.

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Uruguay () (2022)

Exports from Uruguay () to Georgia () (2022)

Latest Data

Trade between Georgia () and Uruguay ()

Georgia Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Georgia - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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