2022
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GDP
$404BCURRENT US$
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2012-2022
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GDP GROWTH
54.4%CURRENT US$
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2022
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 GDP
$71.2BCURRENT US$
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2012-2022
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GDP GROWTH
31.2%CURRENT US$
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2022
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GDP PC 
$3,499CURRENT US$
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2012-2022
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GDP PC GROWTH
30.9%CURRENT US$
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2022
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GDP PC
$20,795CURRENT US$
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2012-2022
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GDP PC GROWTH
29.3%CURRENT US$
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About

Philippines-Uruguay Trade: In 2022, Philippines exported $14.2M to Uruguay. The main products that Philippines exported to Uruguay were Synthetic Filament Yarn Woven Fabric ($4.87M), Office Machine Parts ($2.16M), and Plastic Coated Textile Fabric ($1.45M). Over the past 5 years the exports of Philippines to Uruguay have decreased at an annualized rate of 3.62%, from $17.1M in 2017 to $14.2M in 2022.

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

Uruguay-Philippines Trade: In 2022, Uruguay exported $16.1M to Philippines. The main products that Uruguay exported to Philippines were Whey and other milk products ($4.3M), Tanned Furskins ($3.92M), and Cheese ($2.47M). Over the past 5 years the exports of Uruguay to Philippines have decreased at an annualized rate of 26.4%,  from $74.3M in 2017 to $16.1M in 2022.

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

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). 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
Value

In 2022, Philippines exported $14.2M to Uruguay. The main products exported from Philippines to Uruguay were Synthetic Filament Yarn Woven Fabric ($4.87M), Office Machine Parts ($2.16M), and Plastic Coated Textile Fabric ($1.45M). During the last 5 years the exports of Philippines to Uruguay have decreased at an annualized rate of 3.62%, from $17.1M in 2017 to $14.2M in 2022.

In 2017, Uruguay exported $16.1M to Philippines. The main products exported from Uruguay to Philippines were Whey and other milk products ($4.3M), Tanned Furskins ($3.92M), and Cheese ($2.47M). During the last 5 years the exports of Uruguay to Philippines have decreased at an annualized rate of 26.4%, from $74.3M in 2022 to $16.1M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Uruguay
Top Destination
China$2.89B

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

In 2022, countries that imported more from Philippines than Uruguay included United States ($15.5B), Hong Kong ($12.6B), and China ($15.3B).

In 2022, countries that imported more from Uruguay than Philippines included Brazil ($1.69B), Argentina ($999M), and Algeria ($229M).

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

Comparative Advantage Philippines - Uruguay

Flow
Scale

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

During 2022, Philippines had a large net trade with Uruguay in the exports of Textiles ($6.54M), Machines ($4.15M), and Vegetable Products ($1.69M).

During 2017, Uruguay had a large net trade with Philippines in the exports of Animal Products ($10.4M), Animal Hides ($4.62M), and Foodstuffs ($591k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Uruguay+$1.06MIndustrial Printers
Top Product Potential Uruguay Philippines+$1.25MConcentrated 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

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

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

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