Uruguay (URY) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Uruguay-Colombia Trade: In 2022, Uruguay exported $86.1M to Colombia. The main products that Uruguay exported to Colombia were Scented Mixtures ($20.3M), Other Edible Preparations ($16.8M), and Non-fillet Frozen Fish ($7.94M). Over the past 5 years the exports of Uruguay to Colombia have increased at an annualized rate of 8.5%, from $57.2M in 2017 to $86.1M in 2022.

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

Colombia-Uruguay Trade: In 2022, Colombia exported $47.2M to Uruguay. The main products that Colombia exported to Uruguay were Petroleum Coke ($4.94M), Refined Petroleum ($4.72M), and Vaccines, blood, antisera, toxins and cultures ($3.99M). Over the past 5 years the exports of Colombia to Uruguay have increased at an annualized rate of 2.71%, from $38.1M in 2017 to $47.2M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $86.1M to Colombia. The main products exported from Uruguay to Colombia were Scented Mixtures ($20.3M), Other Edible Preparations ($16.8M), and Non-fillet Frozen Fish ($7.94M). During the last 5 years the exports of Uruguay to Colombia have increased at an annualized rate of 8.5%, from $57.2M in 2017 to $86.1M in 2022.

In 2017, Colombia exported $47.2M to Uruguay. The main products exported from Colombia to Uruguay were Petroleum Coke ($4.94M), Refined Petroleum ($4.72M), and Vaccines, blood, antisera, toxins and cultures ($3.99M). During the last 5 years the exports of Colombia to Uruguay have increased at an annualized rate of 2.71%, from $38.1M in 2022 to $47.2M in 2017.

Exports from Uruguay () to Colombia () (2022)

Exports from Colombia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Colombia ()

Uruguay Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Uruguay than Colombia included China ($2.89B), Argentina ($999M), and Algeria ($229M).

In 2022, countries that imported more from Colombia than Uruguay included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Uruguay - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Colombia in the exports of Chemical Products ($35.1M), Animal Products ($18.8M), and Foodstuffs ($18.2M).

During 2017, Colombia had a large net trade with Uruguay in the exports of Chemical Products ($14.6M), Mineral Products ($9.66M), and Plastics and Rubbers ($5.39M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Colombia+$2.46MPackaged Medicaments

Top Product Potential Colombia Uruguay+$3.05MRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Uruguay and Colombia. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Uruguay.

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Colombia () (2022)

Exports from Colombia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Colombia ()

Uruguay Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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