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2023
Flag → Flag
Exports $30.6MRnk 119 / 217
2023
Flag → Flag
Top Product $7.94MPackaged Medicaments
2023
Flag → Flag
Exports $31.1MRnk 42 / 166
2023
Flag → Flag
Top Product $13.8MBovine, Sheep, and Goat Fat
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Singapore-Uruguay Trade: In 2023, Singapore exported $30.6M to Uruguay. The main products that Singapore exported to Uruguay were Packaged Medicaments ($7.94M), Fishing and Hunting Equipment ($3.42M), and Perfumes ($3.41M). Over the past 5 years the exports of Singapore to Uruguay have increased at an annualized rate of 15.8%, from $14.7M in 2018 to $30.6M in 2023.

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

Uruguay-Singapore Trade: In 2023, Uruguay exported $31.1M to Singapore. The main products that Uruguay exported to Singapore were Bovine, Sheep, and Goat Fat ($13.8M), Industrial Fatty Acids, Oils and Alcohols ($4.54M), and Concentrated Milk ($3.41M). Over the past 5 years the exports of Uruguay to Singapore have increased at an annualized rate of 14.5%,  from $15.9M in 2018 to $31.1M in 2023.

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

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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
Value

In 2023, Singapore exported $30.6M to Uruguay. The main products exported from Singapore to Uruguay were Packaged Medicaments ($7.94M), Fishing and Hunting Equipment ($3.42M), and Perfumes ($3.41M). During the last 5 years the exports of Singapore to Uruguay have increased at an annualized rate of 15.8%, from $14.7M in 2018 to $30.6M in 2023.

In 2018, Uruguay exported $31.1M to Singapore. The main products exported from Uruguay to Singapore were Bovine, Sheep, and Goat Fat ($13.8M), Industrial Fatty Acids, Oils and Alcohols ($4.54M), and Concentrated Milk ($3.41M). During the last 5 years the exports of Uruguay to Singapore have increased at an annualized rate of 14.5%, from $15.9M in 2023 to $31.1M in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Uruguay (Flag)

Singapore Exports

Uruguay Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Singapore than Uruguay included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, countries that imported more from Uruguay than Singapore included Brazil ($1.92B), Argentina ($569M), and Guatemala ($157M).

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

Comparative Advantage Singapore - Uruguay

Flow
Scale

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

During 2023, Singapore had a large net trade with Uruguay in the exports of Chemical Products ($12.1M), Instruments ($4.84M), and Miscellaneous ($4.41M).

During 2018, Uruguay had a large net trade with Singapore in the exports of Animal and Vegetable Bi-Products ($13.8M), Animal Products ($7.29M), and Chemical Products ($6.55M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Uruguay+$3.28MPackaged Medicaments
Top Product Potential Uruguay Singapore+$1.89MConcentrated 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 Singapore and Uruguay. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Singapore.

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

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