Uruguay (URY) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Uruguay-Armenia Trade: In 2022, Uruguay exported $109k to Armenia. The main products that Uruguay exported to Armenia were Vaccines, blood, antisera, toxins and cultures ($98.2k), Ornamental Ceramics ($6.62k), and Non-Retail Combed Wool Yarn ($3.16k). Over the past 5 years the exports of Uruguay to Armenia have increased at an annualized rate of 65.8%, from $8.71k in 2017 to $109k in 2022.

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

Armenia-Uruguay Trade: In 2022, Armenia exported $29.9k to Uruguay. The main products that Armenia exported to Uruguay were Non-Knit Men's Coats ($16.3k), Beer ($6.88k), and Coffee ($4.36k). Over the past 5 years the exports of Armenia to Uruguay have increased at an annualized rate of 15.9%, from $14.3k in 2017 to $29.9k in 2022.

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

Comparison: In 2022, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $109k to Armenia. The main products exported from Uruguay to Armenia were Vaccines, blood, antisera, toxins and cultures ($98.2k), Ornamental Ceramics ($6.62k), and Non-Retail Combed Wool Yarn ($3.16k). During the last 5 years the exports of Uruguay to Armenia have increased at an annualized rate of 65.8%, from $8.71k in 2017 to $109k in 2022.

In 2017, Armenia exported $29.9k to Uruguay. The main products exported from Armenia to Uruguay were Non-Knit Men's Coats ($16.3k), Beer ($6.88k), and Coffee ($4.36k). During the last 5 years the exports of Armenia to Uruguay have increased at an annualized rate of 15.9%, from $14.3k in 2022 to $29.9k in 2017.

Exports from Uruguay () to Armenia () (2022)

Exports from Armenia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Armenia ()

Uruguay Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Uruguay than Armenia included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

In 2022, countries that imported more from Armenia than Uruguay included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

Difference in imports from Armenia () and Uruguay () (2022)

Comparative Advantage Uruguay - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Armenia in the exports of Chemical Products ($98.2k), Stone And Glass ($6.62k), and Textiles ($3.16k).

During 2017, Armenia had a large net trade with Uruguay in the exports of Textiles ($18.7k), Foodstuffs ($6.88k), and Vegetable Products ($4.36k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Armenia+$72.1kVaccines, blood, antisera, toxins and cultures

Top Product Potential Armenia Uruguay+$20.9kNon-Knit Men's Coats

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Armenia () (2022)

Exports from Armenia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Armenia ()

Uruguay Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Uruguay () (2022)

Comparative Advantage Uruguay - Armenia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Armenia () (2022)

Keep Exploring