Uruguay (URY) and Benin (BEN) Trade | The Observatory of Economic Complexity

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Uruguay-Benin Trade: In 2022, Uruguay exported $1.62M to Benin. The main products that Uruguay exported to Benin were Non-fillet Frozen Fish ($1.23M), Concentrated Milk ($166k), and Butter ($125k). Over the past 5 years the exports of Uruguay to Benin have decreased at an annualized rate of 12.4%, from $3.14M in 2017 to $1.62M in 2022.

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

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

In 2022, Benin 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, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $1.62M to Benin. The main products exported from Uruguay to Benin were Non-fillet Frozen Fish ($1.23M), Concentrated Milk ($166k), and Butter ($125k). During the last 5 years the exports of Uruguay to Benin have decreased at an annualized rate of 12.4%, from $3.14M in 2017 to $1.62M in 2022.

Benin does not register exports to Uruguay.

Exports from Uruguay () to Benin () (2022)

Exports from Benin () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Benin ()

Uruguay Exports

Date

Benin Exports

Date

Dec 2018

Aug 2018

Nov 2017

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Benin
Top DestinationIndia$448M

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

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

In 2022, countries that imported more from Benin than Uruguay included Bangladesh ($406M), United Arab Emirates ($382M), and India ($448M).

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

Comparative Advantage Uruguay - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Benin in the exports of Animal Products ($1.6M), Metals ($4.72k), and Miscellaneous ($3.65k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Benin+$167kConcentrated Milk

Top Product Potential Benin Uruguay+$1.84kSoybeans

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Benin () (2022)

Exports from Benin () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Benin ()

Uruguay Exports

Benin Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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