Nepal (NPL) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Nepal-Uruguay Trade: In 2022, Nepal exported $344k to Uruguay. The main products that Nepal exported to Uruguay were Knotted Carpets ($332k), Scarves ($6.14k), and Other Carpets ($2.23k). Over the past 5 years the exports of Nepal to Uruguay have increased at an annualized rate of 48.5%, from $47.7k in 2017 to $344k in 2022.

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

Uruguay-Nepal In N/A, Uruguay did not export any products to Nepal.

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

Comparison In 2022, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. 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, Nepal exported $344k to Uruguay. The main products exported from Nepal to Uruguay were Knotted Carpets ($332k), Scarves ($6.14k), and Other Carpets ($2.23k). During the last 5 years the exports of Nepal to Uruguay have increased at an annualized rate of 48.5%, from $47.7k in 2017 to $344k in 2022.

Uruguay does not register exports to Nepal. The main products exported from Uruguay to Nepal were Industrial Printers ($36.1k) and Knit T-shirts ($19).

Exports from Nepal () to Uruguay () (2022)

Exports from Uruguay () to Nepal () (2022)

Latest Data

Trade between Nepal () and Uruguay ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Nepal than Uruguay included India ($956M), Central African Republic ($8.88M), and Bhutan ($3.99M).

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

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

Comparative Advantage Nepal - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Uruguay in the exports of Textiles ($343k), Instruments ($761), and Footwear and Headwear ($229).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Uruguay+$9.45kKnit Sweaters

Top Product Potential Uruguay Nepal+$10.4kIndustrial Printers

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Uruguay () (2022)

Exports from Uruguay () to Nepal () (2022)

Latest Data

Trade between Nepal () and Uruguay ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Nepal - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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