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Pricing

2022
Flag → Flag
Exports $985kRnk 115 / 168
2022
Flag → Flag
Top Product $423kPesticides
2022
Flag → Flag
Exports $3.42MRnk 115 / 194
2022
Flag → Flag
Top Product $521kTea
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Uruguay-Sri Lanka Trade: In 2022, Uruguay exported $985k to Sri Lanka. The main products that Uruguay exported to Sri Lanka were Pesticides ($423k), Packaged Medicaments ($405k), and Animal Meal and Pellets ($151k). Over the past 5 years the exports of Uruguay to Sri Lanka have increased at an annualized rate of 20.5%, from $388k in 2017 to $985k in 2022.

In 2022, Uruguay did not export any services to Sri Lanka.

Sri Lanka-Uruguay Trade: In 2022, Sri Lanka exported $3.42M to Uruguay. The main products that Sri Lanka exported to Uruguay were Tea ($521k), Used Rubber Tires ($467k), and Rubber Apparel ($361k). Over the past 5 years the exports of Sri Lanka to Uruguay have increased at an annualized rate of 2.36%,  from $3.04M in 2017 to $3.42M in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $985k to Sri Lanka. The main products exported from Uruguay to Sri Lanka were Pesticides ($423k), Packaged Medicaments ($405k), and Animal Meal and Pellets ($151k). During the last 5 years the exports of Uruguay to Sri Lanka have increased at an annualized rate of 20.5%, from $388k in 2017 to $985k in 2022.

In 2017, Sri Lanka exported $3.42M to Uruguay. The main products exported from Sri Lanka to Uruguay were Tea ($521k), Used Rubber Tires ($467k), and Rubber Apparel ($361k). During the last 5 years the exports of Sri Lanka to Uruguay have increased at an annualized rate of 2.36%, from $3.04M in 2022 to $3.42M in 2017.

Exports from Uruguay (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Uruguay (Flag) (2022)

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Uruguay than Sri Lanka included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

In 2022, countries that imported more from Sri Lanka than Uruguay included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

Difference in imports from Sri Lanka (Flag) and Uruguay (Flag) (2022)

Comparative Advantage Uruguay - Sri Lanka

Flow
Scale

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

During 2022, Uruguay had a large net trade with Sri Lanka in the exports of Chemical Products ($828k), Foodstuffs ($156k), and Animal Products ($790).

During 2017, Sri Lanka had a large net trade with Uruguay in the exports of Textiles ($1.34M), Plastics and Rubbers ($1.04M), and Vegetable Products ($548k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Sri Lanka+$298kPackaged Medicaments
Top Product Potential Sri Lanka Uruguay+$311kNon-Knit Women's Suits

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

Product Space of Uruguay (Flag) and Sri Lanka (Flag) (2022)

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