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2023
Flag → Flag
Exports $15.2MRnk 56 / 166
2023
Flag → Flag
Top Product $8.59MSawn Wood
2023
Flag → Flag
Exports $57.4MRnk 116 / 213
2023
Flag → Flag
Top Product $8.34MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Uruguay-Indonesia Trade: In 2023, Uruguay exported $15.2M to Indonesia. The main products that Uruguay exported to Indonesia were Sawn Wood ($8.59M), Crustaceans ($3.99M), and Tanned Equine and Bovine Hides ($1.8M). Over the past 5 years the exports of Uruguay to Indonesia have increased at an annualized rate of 9.71%, from $9.55M in 2018 to $15.2M in 2023.

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

Indonesia-Uruguay Trade: In 2023, Indonesia exported $57.4M to Uruguay. The main products that Indonesia exported to Uruguay were Palm Oil ($8.34M), Nitrogenous Fertilizers ($8.08M), and Textile Footwear ($6.02M). Over the past 5 years the exports of Indonesia to Uruguay have increased at an annualized rate of 7.4%,  from $40.2M in 2018 to $57.4M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Uruguay exported $15.2M to Indonesia. The main products exported from Uruguay to Indonesia were Sawn Wood ($8.59M), Crustaceans ($3.99M), and Tanned Equine and Bovine Hides ($1.8M). During the last 5 years the exports of Uruguay to Indonesia have increased at an annualized rate of 9.71%, from $9.55M in 2018 to $15.2M in 2023.

In 2018, Indonesia exported $57.4M to Uruguay. The main products exported from Indonesia to Uruguay were Palm Oil ($8.34M), Nitrogenous Fertilizers ($8.08M), and Textile Footwear ($6.02M). During the last 5 years the exports of Indonesia to Uruguay have increased at an annualized rate of 7.4%, from $40.2M in 2023 to $57.4M in 2018.

Exports from Uruguay (Flag) to Indonesia (Flag) (2023)

Exports from Indonesia (Flag) to Uruguay (Flag) (2023)

Latest Data

Trade between Uruguay (Flag) and Indonesia (Flag)

Uruguay Exports

Indonesia Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.34B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Uruguay than Indonesia included Brazil ($1.92B), Argentina ($569M), and Paraguay ($124M).

In 2023, countries that imported more from Indonesia than Uruguay included China ($70.7B), United States ($27.9B), and India ($24B).

Difference in imports from Indonesia (Flag) and Uruguay (Flag) (2023)

Comparative Advantage Uruguay - Indonesia

Flow
Scale

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

During 2023, Uruguay had a large net trade with Indonesia in the exports of Wood Products ($8.59M), Animal Products ($3.99M), and Animal Hides ($1.8M).

During 2018, Indonesia had a large net trade with Uruguay in the exports of Chemical Products ($10M), Footwear and Headwear ($8.86M), and Animal and Vegetable Bi-Products ($8.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Indonesia+$2.65MSulfate Chemical Woodpulp
Top Product Potential Indonesia Uruguay+$4.2MPalm Oil

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

Product Space of Uruguay (Flag) and Indonesia (Flag) (2023)

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