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Pricing

2023
Flag → Flag
Exports $27.9MRnk 97 / 137
2023
Flag → Flag
Top Product $16.3MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $63.2MRnk 31 / 166
2023
Flag → Flag
Top Product $15.2MCheese
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
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GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
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GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Russia-Uruguay Trade: In 2023, Russia exported $27.9M to Uruguay. The main products that Russia exported to Uruguay were Mixed Mineral or Chemical Fertilizers ($16.3M), Potassic Fertilizers ($6.72M), and Other Processed Vegetables ($2.72M). Over the past 5 years the exports of Russia to Uruguay have decreased at an annualized rate of 14%, from $59.3M in 2018 to $27.9M in 2023.

In 2020, Russia exported services to Uruguay worth $2.73M, with Other business services ($2.17M), Transportation ($495k), and Computer and information services ($42k) being the largest in terms of value.

Uruguay-Russia Trade: In 2023, Uruguay exported $63.2M to Russia. The main products that Uruguay exported to Russia were Cheese ($15.2M), Butter ($12.1M), and Edible Offal ($10.4M). Over the past 5 years the exports of Uruguay to Russia have decreased at an annualized rate of 18%,  from $171M in 2018 to $63.2M in 2023.

In 2023, Uruguay did not export any services to Russia.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $129k and imported $11.9M from Uruguay, resulting in a negative trade balance of $11.7M. Between January 2021 and January 2022 the exports of Russia have decreased by $-3.19M (-96.1%) from $3.32M to $129k, while imports increased by $322k (2.79%) from $11.5M to $11.9M.

Trade In January 2022, the top exports of Russia to Uruguay were Potassic Fertilizers ($2.93M), Refined Petroleum ($146k), Potato Flours ($103k), Wood Crates ($34.3k), and Plywood ($27.5k). In January 2022 the top imports of Russia from Uruguay were Butter ($3.9M), Cheese ($2.16M), Edible Offal ($1.72M), Frozen Bovine Meat ($1.71M), and Non-fillet Frozen Fish ($564k).

Origins In January 2022 the exports of Russia were mainly from STAVROPOL TERRITORY ($69k), ARKHANGELSK REGION ($34.8k), and CHELYABINSK REGION ($25.5k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($5.39M), ST. PETERSBURG ($2.82M), VOLOGDA REGION ($2.04M), MOSCOW REGION ($330k), and VORONEZH REGION ($278k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Newsprint ($-29.9k or -67.1%) and Other Uncoated Paper ($-16.5k or -98.1%). In January 2022, the increase in Russia's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Edible Offal ($645k or 59.7%), Animal Organs ($222k or 139%), and Horse Meat ($185k or 82.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-3.19M(-96.1%)
IMPORT GROWTH (January 2021 - January 2022)$322k(2.79%)
MAIN EXPORTER (January 2022)STAVROPOL TERRITORY$69k

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

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

For full datasets download visit Bulk Download page.

Explore Uruguay and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $27.9M to Uruguay. The main products exported from Russia to Uruguay were Mixed Mineral or Chemical Fertilizers ($16.3M), Potassic Fertilizers ($6.72M), and Other Processed Vegetables ($2.72M). During the last 5 years the exports of Russia to Uruguay have decreased at an annualized rate of 14%, from $59.3M in 2018 to $27.9M in 2023.

In 2018, Uruguay exported $63.2M to Russia. The main products exported from Uruguay to Russia were Cheese ($15.2M), Butter ($12.1M), and Edible Offal ($10.4M). During the last 5 years the exports of Uruguay to Russia have decreased at an annualized rate of 18%, from $171M in 2023 to $63.2M in 2018.

Exports from Russia (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Russia than Uruguay included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Uruguay than Russia included Argentina ($569M), Chile ($285M), and Algeria ($121M).

Difference in imports from Uruguay (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Uruguay

Flow
Scale

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

During 2023, Russia had a large net trade with Uruguay in the exports of Chemical Products ($23.5M), Foodstuffs ($2.73M), and Mineral Products ($1.2M).

During 2018, Uruguay had a large net trade with Russia in the exports of Animal Products ($59.4M), Animal and Vegetable Bi-Products ($1.8M), and Chemical Products ($1.09M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Uruguay+$12.8MRefined Petroleum
Top Product Potential Uruguay Russia+$1.52MPackaged Medicaments

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

Product Space of Russia (Flag) and Uruguay (Flag) (2023)

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