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Pricing

2022
Flag → Flag
Exports $41.5MRnk 117 / 218
2022
Flag → Flag
Top Product $5.41MOffice Machine Parts
2022
Flag → Flag
Exports $132MRnk 16 / 168
2022
Flag → Flag
Top Product $119MTanned Equine and Bovine Hides
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Thailand-Uruguay Trade: In 2022, Thailand exported $41.5M to Uruguay. The main products that Thailand exported to Uruguay were Office Machine Parts ($5.41M), Industrial Printers ($4.25M), and Delivery Trucks ($4.16M). Over the past 5 years the exports of Thailand to Uruguay have increased at an annualized rate of 1.99%, from $37.7M in 2017 to $41.5M in 2022.

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

Uruguay-Thailand Trade: In 2022, Uruguay exported $132M to Thailand. The main products that Uruguay exported to Thailand were Tanned Equine and Bovine Hides ($119M), Animal Organs ($3.08M), and Sawn Wood ($2.71M). Over the past 5 years the exports of Uruguay to Thailand have increased at an annualized rate of 19.9%,  from $53.4M in 2017 to $132M in 2022.

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

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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, Thailand exported $41.5M to Uruguay. The main products exported from Thailand to Uruguay were Office Machine Parts ($5.41M), Industrial Printers ($4.25M), and Delivery Trucks ($4.16M). During the last 5 years the exports of Thailand to Uruguay have increased at an annualized rate of 1.99%, from $37.7M in 2017 to $41.5M in 2022.

In 2017, Uruguay exported $132M to Thailand. The main products exported from Uruguay to Thailand were Tanned Equine and Bovine Hides ($119M), Animal Organs ($3.08M), and Sawn Wood ($2.71M). During the last 5 years the exports of Uruguay to Thailand have increased at an annualized rate of 19.9%, from $53.4M in 2022 to $132M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Uruguay (Flag)

Thailand Exports

Uruguay Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Thailand than Uruguay included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Uruguay than Thailand included Algeria ($229M), Paraguay ($149M), and Cuba ($56.8M).

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

Comparative Advantage Thailand - Uruguay

Flow
Scale

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

During 2022, Thailand had a large net trade with Uruguay in the exports of Machines ($16M), Plastics and Rubbers ($10.1M), and Transportation ($5.59M).

During 2017, Uruguay had a large net trade with Thailand in the exports of Animal Hides ($119M), Animal Products ($7.59M), and Wood Products ($2.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Uruguay+$4.46MDelivery Trucks
Top Product Potential Uruguay Thailand+$1.22MSulfate Chemical Woodpulp

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

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

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