Iceland (ISL) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Iceland-Uruguay In 2022, Iceland exported $429k to Uruguay. The main products that Iceland exported to Uruguay are Compasses ($229k), Surveying Equipment ($129k), and X-Ray Equipment ($24.8k). During the last 27 years the exports of Iceland to Uruguay have increased at an annualized rate of 27.5%, from $614 in 1995 to $429k in 2022.

In 2019, Iceland exported services to Uruguay worth $448k, with Travel ($448k) being the largest in terms of value.

Uruguay-Iceland In 2022, Uruguay exported $177k to Iceland. The main products that Uruguay exported to Iceland were Frozen Bovine Meat ($159k), Rice ($17.4k), and Scarves ($759). During the last 27 years the exports of Uruguay to Iceland have increased at an annualized rate of 3.46%, from $70.9k in 1995 to $177k in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Uruguay ranked 55 in the Economic Complexity Index (ECI 0.12), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $429k to Uruguay. The main products exported from Iceland to Uruguay were Compasses ($229k), Surveying Equipment ($129k), and X-Ray Equipment ($24.8k). During the last 27 years the exports of Iceland to Uruguay have increased at an annualized rate of 27.5%, from $614 in 1995 to $429k in 2022.

In 2022, Uruguay exported $177k to Iceland. The main products exported from Uruguay to Iceland were Frozen Bovine Meat ($159k), Rice ($17.4k), and Scarves ($759). During the last 27 years the exports of Uruguay to Iceland have increased at an annualized rate of 3.46%, from $70.9k in 1995 to $177k in 2022.

Exports from Iceland () to Uruguay () (2022)

Exports from Uruguay () to Iceland () (2022)

Latest Data

Trade between Iceland () and Uruguay ()

Iceland Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Uruguay
Top DestinationChina$2.89B

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

In 2021, countries that imported more from Iceland than Uruguay were Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

In 2021, countries that imported more from Uruguay than Iceland were China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

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

Comparative Advantage Iceland - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Uruguay in the exports of Instruments ($406k), Machines ($23k), and Plastics and Rubbers ($75).

During 2022, Uruguay had a large net trade with Iceland in the exports of Animal Products ($159k), Vegetable Products ($17.4k), and Textiles ($938).

Service Trade

Bilateral Service Trade

Isl Year

In 2019, Iceland exported services to Uruguay worth $448k, with Travel ($448k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Uruguay () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Uruguay. Similarly, the more yellow a dot/product is, the more Uruguay has comparative advantage over Iceland.

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Uruguay () (2022)

Exports from Uruguay () to Iceland () (2022)

Latest Data

Trade between Iceland () and Uruguay ()

Iceland Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Iceland - Uruguay

Service Trade

Bilateral Service Trade

Services Exports from Iceland () to Uruguay () (2019)

Economic Complexity

Competitive Landscape

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

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