Saudi Arabia (SAU) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Uruguay Trade: In 2023, Saudi Arabia exported $167M to Uruguay. The main products that Saudi Arabia exported to Uruguay were Refined Petroleum ($136M), Other Hand Tools ($11.7M), and Sulphur ($7.18M). Over the past 5 years the exports of Saudi Arabia to Uruguay have increased at an annualized rate of 80.6%, from $8.71M in 2018 to $167M in 2023.

In 2023, Saudi Arabia did not export any services to Uruguay.

Uruguay-Saudi Arabia Trade: In 2023, Uruguay exported $24.1M to Saudi Arabia. The main products that Uruguay exported to Saudi Arabia were Butter ($7.34M), Concentrated Milk ($6.38M), and Frozen Bovine Meat ($2.87M). Over the past 5 years the exports of Uruguay to Saudi Arabia have increased at an annualized rate of 44.4%, from $3.83M in 2018 to $24.1M in 2023.

In 2023, Uruguay did not export any services to Saudi Arabia.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Saudi Arabia exported $167M to Uruguay. The main products exported from Saudi Arabia to Uruguay were Refined Petroleum ($136M), Other Hand Tools ($11.7M), and Sulphur ($7.18M). During the last 5 years the exports of Saudi Arabia to Uruguay have increased at an annualized rate of 80.6%, from $8.71M in 2018 to $167M in 2023.

In 2018, Uruguay exported $24.1M to Saudi Arabia. The main products exported from Uruguay to Saudi Arabia were Butter ($7.34M), Concentrated Milk ($6.38M), and Frozen Bovine Meat ($2.87M). During the last 5 years the exports of Uruguay to Saudi Arabia have increased at an annualized rate of 44.4%, from $3.83M in 2023 to $24.1M in 2018.

Exports from Saudi Arabia () to Uruguay () (2023)

Exports from Uruguay () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Uruguay ()

Saudi Arabia Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Saudi Arabia than Uruguay included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from Uruguay than Saudi Arabia included Argentina ($569M), Guatemala ($157M), and Mexico ($173M).

Difference in imports from Uruguay () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Uruguay in the exports of Mineral Products ($146M), Metals ($11.9M), and Chemical Products ($3.97M).

During 2018, Uruguay had a large net trade with Saudi Arabia in the exports of Animal Products ($18.2M), Paper Goods ($1.63M), and Wood Products ($1.39M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Uruguay+$2.57MEthylene Polymers

Top Product Potential Uruguay Saudi Arabia+$4.14MConcentrated 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Uruguay () (2023)

Exports from Uruguay () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Uruguay ()

Saudi Arabia Exports

Uruguay Exports

Market Competitiveness

Difference in imports from Uruguay () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Uruguay () (2023)

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