Uruguay (URY) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Uruguay-Ecuador Trade: In 2022, Uruguay exported $27.2M to Ecuador. The main products that Uruguay exported to Ecuador were Packaged Medicaments ($4.47M), Vaccines, blood, antisera, toxins and cultures ($3.94M), and Frozen Bovine Meat ($3.26M). Over the past 5 years the exports of Uruguay to Ecuador have increased at an annualized rate of 8.79%, from $17.8M in 2017 to $27.2M in 2022.

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

Ecuador-Uruguay Trade: In 2022, Ecuador exported $28.5M to Uruguay. The main products that Ecuador exported to Uruguay were Processed Fish ($10.8M), Bananas ($9.72M), and Cut Flowers ($1.88M). Over the past 5 years the exports of Ecuador to Uruguay have increased at an annualized rate of 1.61%, from $26.3M in 2017 to $28.5M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $27.2M to Ecuador. The main products exported from Uruguay to Ecuador were Packaged Medicaments ($4.47M), Vaccines, blood, antisera, toxins and cultures ($3.94M), and Frozen Bovine Meat ($3.26M). During the last 5 years the exports of Uruguay to Ecuador have increased at an annualized rate of 8.79%, from $17.8M in 2017 to $27.2M in 2022.

In 2017, Ecuador exported $28.5M to Uruguay. The main products exported from Ecuador to Uruguay were Processed Fish ($10.8M), Bananas ($9.72M), and Cut Flowers ($1.88M). During the last 5 years the exports of Ecuador to Uruguay have increased at an annualized rate of 1.61%, from $26.3M in 2022 to $28.5M in 2017.

Exports from Uruguay () to Ecuador () (2022)

Exports from Ecuador () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Ecuador ()

Uruguay Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Uruguay than Ecuador included Brazil ($1.69B), Argentina ($999M), and Algeria ($229M).

In 2022, countries that imported more from Ecuador than Uruguay included United States ($9.86B), Panama ($4.97B), and China ($6.17B).

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

Comparative Advantage Uruguay - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Ecuador in the exports of Chemical Products ($15.4M), Animal Products ($3.45M), and Foodstuffs ($2.37M).

During 2017, Ecuador had a large net trade with Uruguay in the exports of Vegetable Products ($12.7M), Foodstuffs ($11.5M), and Animal Products ($1.78M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Ecuador+$648kPackaged Medicaments

Top Product Potential Ecuador Uruguay+$1.51MCrustaceans

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Ecuador () (2022)

Exports from Ecuador () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Ecuador ()

Uruguay Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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