Uruguay (URY) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Uruguay-Australia Trade: In 2022, Uruguay exported $12M to Australia. The main products that Uruguay exported to Australia were Orthopedic Appliances ($2.24M), Sawn Wood ($1.78M), and Shaped Wood ($1.61M). Over the past 5 years the exports of Uruguay to Australia have increased at an annualized rate of 0.93%, from $11.5M in 2017 to $12M in 2022.

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

Australia-Uruguay Trade: In 2022, Australia exported $74.9M to Uruguay. The main products that Australia exported to Uruguay were Coal Briquettes ($61.3M), Wool ($3.54M), and Wool Grease ($1.59M). Over the past 5 years the exports of Australia to Uruguay have increased at an annualized rate of 30.2%, from $9.09M in 2017 to $74.9M in 2022.

In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $12M to Australia. The main products exported from Uruguay to Australia were Orthopedic Appliances ($2.24M), Sawn Wood ($1.78M), and Shaped Wood ($1.61M). During the last 5 years the exports of Uruguay to Australia have increased at an annualized rate of 0.93%, from $11.5M in 2017 to $12M in 2022.

In 2017, Australia exported $74.9M to Uruguay. The main products exported from Australia to Uruguay were Coal Briquettes ($61.3M), Wool ($3.54M), and Wool Grease ($1.59M). During the last 5 years the exports of Australia to Uruguay have increased at an annualized rate of 30.2%, from $9.09M in 2022 to $74.9M in 2017.

Exports from Uruguay () to Australia () (2022)

Exports from Australia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Australia ()

Uruguay Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Uruguay than Australia included Argentina ($999M), Algeria ($229M), and Paraguay ($149M).

In 2022, countries that imported more from Australia than Uruguay included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Uruguay - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Australia in the exports of Wood Products ($3.69M), Instruments ($3.08M), and Metals ($1.46M).

During 2017, Australia had a large net trade with Uruguay in the exports of Mineral Products ($61.3M), Textiles ($3.67M), and Metals ($1.69M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Australia+$1.35MSawn Wood

Top Product Potential Australia Uruguay+$845kWool

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Australia () (2022)

Exports from Australia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Australia ()

Uruguay Exports

Australia Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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