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Pricing

2022
Flag → Flag
Exports $49.3MRnk 118 / 218
2022
Flag → Flag
Top Product $19.7MPotassic Fertilizers
2022
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Exports $14.5MRnk 63 / 168
2022
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Top Product $3.74MSawn Wood
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
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GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
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GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
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GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
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GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
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GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Malaysia-Uruguay Trade: In 2022, Malaysia exported $49.3M to Uruguay. The main products that Malaysia exported to Uruguay were Potassic Fertilizers ($19.7M), Rubber Apparel ($3.42M), and Other Knit Garments ($2.95M). Over the past 5 years the exports of Malaysia to Uruguay have increased at an annualized rate of 5.95%, from $37M in 2017 to $49.3M in 2022.

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

Uruguay-Malaysia Trade: In 2022, Uruguay exported $14.5M to Malaysia. The main products that Uruguay exported to Malaysia were Sawn Wood ($3.74M), Rough Wood ($1.99M), and Tanned Equine and Bovine Hides ($1.67M). Over the past 5 years the exports of Uruguay to Malaysia have increased at an annualized rate of 3.33%,  from $12.3M in 2017 to $14.5M in 2022.

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

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR9.28M and imported MYR10.9M from Uruguay, resulting in a negative trade balance of MYR1.6M. Between August 2023 and August 2024 the exports of Malaysia have decreased by MYR-2.86M (-23.6%) from MYR12.1M to MYR9.28M, while imports increased by MYR2.48M (29.5%) from MYR8.4M to MYR10.9M.

Trade In August 2024, the top exports of Malaysia to Uruguay were Fishing and Hunting Equipment (MYR1.56M), Other Knit Garments (MYR998k), Palm Oil (MYR925k), Other Electrical Machinery (MYR628k), and Rubber Apparel (MYR462k). In August 2024 the top imports of Malaysia from Uruguay were Sawn Wood (MYR2.03M), Butter (MYR1.26M), Rough Wood (MYR1.12M), Leather of Other Animals (MYR722k), and Other Large Iron Pipes (MYR341k).

Growth In August 2024, the decrease in Malaysia's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Rubber Apparel (MYR-4.67M or -91%), Microphones and Headphones (MYR-1.42M or -93.5%), and Rubber Tires (MYR-299k or -68.6%). In August 2024, the increase in Malaysia's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Sawn Wood (MYR1.72M or 555%), Rough Wood (MYR276k or 32.8%), and Coffee (MYR203k or 675%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR-2.86M(-23.6%)
IMPORT GROWTH (August 2023 - August 2024)MYR2.48M(29.5%)

This section shows exports and imports data at subnational level for Malaysia. Click any date in the line plot or any product to explore the exports or imports behavior of Malaysia over time.

To check Uruguay and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $49.3M to Uruguay. The main products exported from Malaysia to Uruguay were Potassic Fertilizers ($19.7M), Rubber Apparel ($3.42M), and Other Knit Garments ($2.95M). During the last 5 years the exports of Malaysia to Uruguay have increased at an annualized rate of 5.95%, from $37M in 2017 to $49.3M in 2022.

In 2017, Uruguay exported $14.5M to Malaysia. The main products exported from Uruguay to Malaysia were Sawn Wood ($3.74M), Rough Wood ($1.99M), and Tanned Equine and Bovine Hides ($1.67M). During the last 5 years the exports of Uruguay to Malaysia have increased at an annualized rate of 3.33%, from $12.3M in 2022 to $14.5M in 2017.

Exports from Malaysia (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Malaysia (Flag) (2022)

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Malaysia than Uruguay included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

In 2022, countries that imported more from Uruguay than Malaysia included Argentina ($999M), Brazil ($1.69B), and Paraguay ($149M).

Difference in imports from Uruguay (Flag) and Malaysia (Flag) (2022)

Comparative Advantage Malaysia - Uruguay

Flow
Scale

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

During 2022, Malaysia had a large net trade with Uruguay in the exports of Chemical Products ($22.3M), Machines ($8.51M), and Plastics and Rubbers ($4.84M).

During 2017, Uruguay had a large net trade with Malaysia in the exports of Wood Products ($5.73M), Animal Products ($2.12M), and Animal Hides ($1.67M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Uruguay+$2.41MTelephones
Top Product Potential Uruguay Malaysia+$1.43MSulfate Chemical Woodpulp

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

This visualization shows the product space at the HS4 level with the flags of Malaysia and Uruguay. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Malaysia.

Product Space of Malaysia (Flag) and Uruguay (Flag) (2022)

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