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

About

Uruguay-Ecuador Trade: In 2023, Uruguay exported $51M to Ecuador. The main products that Uruguay exported to Ecuador were Rice ($11.9M), Scented Mixtures ($9.16M), and Other Edible Preparations ($5.72M). Over the past 5 years the exports of Uruguay to Ecuador have increased at an annualized rate of 8.51%, from $33.9M in 2018 to $51M in 2023.

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

Ecuador-Uruguay Trade: In 2023, Ecuador exported $35.2M to Uruguay. The main products that Ecuador exported to Uruguay were Bananas ($12.7M), Processed Fish ($11.5M), and Cut Flowers ($2.41M). Over the past 5 years the exports of Ecuador to Uruguay have increased at an annualized rate of 1.8%, from $32.2M in 2018 to $35.2M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $51M to Ecuador. The main products exported from Uruguay to Ecuador were Rice ($11.9M), Scented Mixtures ($9.16M), and Other Edible Preparations ($5.72M). During the last 5 years the exports of Uruguay to Ecuador have increased at an annualized rate of 8.51%, from $33.9M in 2018 to $51M in 2023.

In 2018, Ecuador exported $35.2M to Uruguay. The main products exported from Ecuador to Uruguay were Bananas ($12.7M), Processed Fish ($11.5M), and Cut Flowers ($2.41M). During the last 5 years the exports of Ecuador to Uruguay have increased at an annualized rate of 1.8%, from $32.2M in 2023 to $35.2M in 2018.

Exports from Uruguay () to Ecuador () (2023)

Exports from Ecuador () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Ecuador ()

Uruguay Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Ecuador
Top DestinationUnited States$8.34B

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 2023, countries that imported more from Uruguay than Ecuador included Brazil ($1.92B), Turkey ($363M), and Argentina ($569M).

In 2023, countries that imported more from Ecuador than Uruguay included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

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 2023, Uruguay had a large net trade with Ecuador in the exports of Chemical Products ($22M), Vegetable Products ($12M), and Foodstuffs ($8.36M).

During 2018, Ecuador had a large net trade with Uruguay in the exports of Vegetable Products ($16.9M), Foodstuffs ($12.6M), and Animal Products ($2M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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 () (2023)

Exports from Ecuador () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Ecuador ()

Uruguay Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Ecuador

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring