Uruguay (URY) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Uruguay-Bolivia Trade: In 2023, Uruguay exported $64.2M to Bolivia. The main products that Uruguay exported to Bolivia were Pesticides ($23.1M), Malt ($12.8M), and Concentrated Milk ($4.45M). Over the past 5 years the exports of Uruguay to Bolivia have increased at an annualized rate of 1.04%, from $60.9M in 2018 to $64.2M in 2023.

In 2023, Uruguay did not export any services to Bolivia.

Bolivia-Uruguay Trade: In 2023, Bolivia exported $19.1M to Uruguay. The main products that Bolivia exported to Uruguay were Soybean Meal ($8.66M), Sawn Wood ($3.63M), and Shaped Wood ($1.2M). Over the past 5 years the exports of Bolivia to Uruguay have increased at an annualized rate of 5.43%, from $14.6M in 2018 to $19.1M in 2023.

In 2023, Bolivia did not export any services to Uruguay.

Comparison: In 2023, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $64.2M to Bolivia. The main products exported from Uruguay to Bolivia were Pesticides ($23.1M), Malt ($12.8M), and Concentrated Milk ($4.45M). During the last 5 years the exports of Uruguay to Bolivia have increased at an annualized rate of 1.04%, from $60.9M in 2018 to $64.2M in 2023.

In 2018, Bolivia exported $19.1M to Uruguay. The main products exported from Bolivia to Uruguay were Soybean Meal ($8.66M), Sawn Wood ($3.63M), and Shaped Wood ($1.2M). During the last 5 years the exports of Bolivia to Uruguay have increased at an annualized rate of 5.43%, from $14.6M in 2023 to $19.1M in 2018.

Exports from Uruguay () to Bolivia () (2023)

Exports from Bolivia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Bolivia ()

Uruguay Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Uruguay than Bolivia included China ($2.34B), United States ($880M), and Italy ($468M).

In 2023, countries that imported more from Bolivia than Uruguay included India ($1.33B), United Arab Emirates ($901M), and Colombia ($687M).

Difference in imports from Bolivia () and Uruguay () (2023)

Comparative Advantage Uruguay - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Bolivia in the exports of Chemical Products ($37.4M), Vegetable Products ($13M), and Animal Products ($6.82M).

During 2018, Bolivia had a large net trade with Uruguay in the exports of Foodstuffs ($11M), Wood Products ($5.83M), and Vegetable Products ($1.36M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Bolivia+$411kPackaged Medicaments

Top Product Potential Bolivia Uruguay+$900kSoybean Meal

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Bolivia () (2023)

Exports from Bolivia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Bolivia ()

Uruguay Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Uruguay () (2023)

Comparative Advantage Uruguay - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Bolivia () (2023)

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