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2023
Flag → Flag
Exports $34.5MRnk 40 / 166
2023
Flag → Flag
Top Product $18.8MAnimal Organs
2023
Flag → Flag
Exports $39.2MRnk 92 / 198
2023
Flag → Flag
Top Product $11MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $22,798CURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Uruguay-Hong Kong Trade: In 2023, Uruguay exported $34.5M to Hong Kong. The main products that Uruguay exported to Hong Kong were Animal Organs ($18.8M), Beauty Products ($2.75M), and Edible Offal ($2.57M). Over the past 5 years the exports of Uruguay to Hong Kong have decreased at an annualized rate of 14.5%, from $75.4M in 2018 to $34.5M in 2023.

In 2023, Uruguay did not export any services to Hong Kong.

Hong Kong-Uruguay Trade: In 2023, Hong Kong exported $39.2M to Uruguay. The main products that Hong Kong exported to Uruguay were Broadcasting Equipment ($11M), Pesticides ($2.08M), and Computers ($1.92M). Over the past 5 years the exports of Hong Kong to Uruguay have increased at an annualized rate of 4.93%,  from $30.8M in 2018 to $39.2M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Uruguay exported $34.5M to Hong Kong. The main products exported from Uruguay to Hong Kong were Animal Organs ($18.8M), Beauty Products ($2.75M), and Edible Offal ($2.57M). During the last 5 years the exports of Uruguay to Hong Kong have decreased at an annualized rate of 14.5%, from $75.4M in 2018 to $34.5M in 2023.

In 2018, Hong Kong exported $39.2M to Uruguay. The main products exported from Hong Kong to Uruguay were Broadcasting Equipment ($11M), Pesticides ($2.08M), and Computers ($1.92M). During the last 5 years the exports of Hong Kong to Uruguay have increased at an annualized rate of 4.93%, from $30.8M in 2023 to $39.2M in 2018.

Exports from Uruguay (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Uruguay (Flag) (2023)

Latest Data

Trade between Uruguay (Flag) and Hong Kong (Flag)

Uruguay Exports

Hong Kong Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.34B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Uruguay than Hong Kong included Brazil ($1.92B), Argentina ($569M), and Chile ($285M).

In 2023, countries that imported more from Hong Kong than Uruguay included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Uruguay (Flag) (2023)

Comparative Advantage Uruguay - Hong Kong

Flow
Scale

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

During 2023, Uruguay had a large net trade with Hong Kong in the exports of Animal Products ($22.5M), Chemical Products ($3.94M), and Instruments ($2.09M).

During 2018, Hong Kong had a large net trade with Uruguay in the exports of Machines ($20.2M), Miscellaneous ($4.6M), and Chemical Products ($3.19M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Hong Kong+$929kFrozen Bovine Meat
Top Product Potential Hong Kong Uruguay+$3.36MTelephones

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

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

Product Space of Uruguay (Flag) and Hong Kong (Flag) (2023)

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