Uruguay (URY) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Uruguay-Bangladesh Trade: In 2022, Uruguay exported $57M to Bangladesh. The main products that Uruguay exported to Bangladesh were Soybeans ($54.5M), Non-fillet Frozen Fish ($1.65M), and Concentrated Milk ($769k). Over the past 5 years the exports of Uruguay to Bangladesh have increased at an annualized rate of 23.7%, from $19.7M in 2017 to $57M in 2022.

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

Bangladesh-Uruguay Trade: In 2022, Bangladesh exported $43.6M to Uruguay. The main products that Bangladesh exported to Uruguay were Knit T-shirts ($10.1M), Knit Sweaters ($8.91M), and Non-Knit Women's Suits ($5.74M). Over the past 5 years the exports of Bangladesh to Uruguay have increased at an annualized rate of 38.1%, from $8.68M in 2017 to $43.6M in 2022.

In 2022, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $57M to Bangladesh. The main products exported from Uruguay to Bangladesh were Soybeans ($54.5M), Non-fillet Frozen Fish ($1.65M), and Concentrated Milk ($769k). During the last 5 years the exports of Uruguay to Bangladesh have increased at an annualized rate of 23.7%, from $19.7M in 2017 to $57M in 2022.

In 2017, Bangladesh exported $43.6M to Uruguay. The main products exported from Bangladesh to Uruguay were Knit T-shirts ($10.1M), Knit Sweaters ($8.91M), and Non-Knit Women's Suits ($5.74M). During the last 5 years the exports of Bangladesh to Uruguay have increased at an annualized rate of 38.1%, from $8.68M in 2022 to $43.6M in 2017.

Exports from Uruguay () to Bangladesh () (2022)

Exports from Bangladesh () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Bangladesh ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Bangladesh
Top DestinationUnited States$11.7B

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

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

In 2022, countries that imported more from Bangladesh than Uruguay included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

Comparative Advantage Uruguay - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Bangladesh in the exports of Vegetable Products ($54.5M), Animal Products ($2.42M), and Animal and Vegetable Bi-Products ($65.5k).

During 2017, Bangladesh had a large net trade with Uruguay in the exports of Textiles ($42.3M), Footwear and Headwear ($1.05M), and Foodstuffs ($106k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Bangladesh+$1.56MConcentrated Milk

Top Product Potential Bangladesh Uruguay+$4.32MKnit Sweaters

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Bangladesh () (2022)

Exports from Bangladesh () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Bangladesh ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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