2022
Flag  
GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC 
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

Uruguay-Mongolia Trade: In 2022, Uruguay exported $709k to Mongolia. The main products that Uruguay exported to Mongolia were Concentrated Milk ($631k), Cheese ($68.2k), and Butter ($9.24k). Over the past 5 years the exports of Uruguay to Mongolia have increased at an annualized rate of 105%, from $19.5k in 2017 to $709k in 2022.

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

Mongolia-Uruguay Trade: In 2022, Mongolia exported $765 to Uruguay. The main products that Mongolia exported to Uruguay were Motor vehicles; parts and accessories (8701 to 8705) ($704) and Scarves ($61). Over the past 5 years the exports of Mongolia to Uruguay have increased at an annualized rate of 117%,  from $16 in 2017 to $765 in 2022.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $709k to Mongolia. The main products exported from Uruguay to Mongolia were Concentrated Milk ($631k), Cheese ($68.2k), and Butter ($9.24k). During the last 5 years the exports of Uruguay to Mongolia have increased at an annualized rate of 105%, from $19.5k in 2017 to $709k in 2022.

In 2017, Mongolia exported $765 to Uruguay. The main products exported from Mongolia to Uruguay were Motor vehicles; parts and accessories (8701 to 8705) ($704) and Scarves ($61). During the last 5 years the exports of Mongolia to Uruguay have increased at an annualized rate of 117%, from $16 in 2022 to $765 in 2017.

Exports from Uruguay (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to Uruguay (Flag) (2022)

Latest Data

Trade between Uruguay (Flag) and Mongolia (Flag)

Uruguay Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
Mongolia
Top Destination
China$10.6B

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

In 2022, countries that imported more from Uruguay than Mongolia included Brazil ($1.69B), Argentina ($999M), and United States ($818M).

In 2022, countries that imported more from Mongolia than Uruguay included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia (Flag) and Uruguay (Flag) (2022)

Comparative Advantage Uruguay - Mongolia

Flow
Scale

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

During 2022, Uruguay had a large net trade with Mongolia in the exports of Animal Products ($709k).

During 2017, Mongolia had a large net trade with Uruguay in the exports of Transportation ($704) and Textiles ($61).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Mongolia+$145kConcentrated Milk
Top Product Potential Mongolia Uruguay+$3.41kMotor vehicles; parts and accessories (8701 to 8705)

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

Product Space of Uruguay (Flag) and Mongolia (Flag) (2022)

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