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Pricing

2022
Flag → Flag
Exports $9.58MRnk 74 / 168
2022
Flag → Flag
Top Product $9.46MBovine
2022
Flag → Flag
Exports $90.7MRnk 101 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Uruguay-Azerbaijan Trade: In 2022, Uruguay exported $9.58M to Azerbaijan. The main products that Uruguay exported to Azerbaijan were Bovine ($9.46M), Packaged Medicaments ($68.3k), and Rice ($50.4k). Over the past 5 years the exports of Uruguay to Azerbaijan have increased at an annualized rate of 185%, from $50.9k in 2017 to $9.58M in 2022.

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

Azerbaijan-Uruguay In N/A, Azerbaijan did not export any products to Uruguay.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $9.58M to Azerbaijan. The main products exported from Uruguay to Azerbaijan were Bovine ($9.46M), Packaged Medicaments ($68.3k), and Rice ($50.4k). During the last 5 years the exports of Uruguay to Azerbaijan have increased at an annualized rate of 185%, from $50.9k in 2017 to $9.58M in 2022.

Azerbaijan does not register exports to Uruguay.

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

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

Latest Data

Trade between Uruguay (Flag) and Azerbaijan (Flag)

Uruguay Exports

Azerbaijan Exports

Date

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Uruguay included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Uruguay - Azerbaijan

Flow
Scale

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

During 2022, Uruguay had a large net trade with Azerbaijan in the exports of Animal Products ($9.46M), Chemical Products ($70.6k), and Vegetable Products ($50.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Azerbaijan+$143kPackaged Medicaments
Top Product Potential Azerbaijan Uruguay+$5.93kCrude Petroleum

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

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

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