Uruguay (URY) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Uruguay-Malaysia Trade: In 2022, Uruguay exported $14.5M to Malaysia. The main products that Uruguay exported to Malaysia were Sawn Wood ($3.74M), Rough Wood ($1.99M), and Tanned Equine and Bovine Hides ($1.67M). Over the past 5 years the exports of Uruguay to Malaysia have increased at an annualized rate of 3.33%, from $12.3M in 2017 to $14.5M in 2022.

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

Malaysia-Uruguay Trade: In 2022, Malaysia exported $49.3M to Uruguay. The main products that Malaysia exported to Uruguay were Potassic Fertilizers ($19.7M), Rubber Apparel ($3.42M), and Other Knit Garments ($2.95M). Over the past 5 years the exports of Malaysia to Uruguay have increased at an annualized rate of 4.21%, from $37M in 2017 to $49.3M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $14.5M to Malaysia. The main products exported from Uruguay to Malaysia were Sawn Wood ($3.74M), Rough Wood ($1.99M), and Tanned Equine and Bovine Hides ($1.67M). During the last 5 years the exports of Uruguay to Malaysia have increased at an annualized rate of 3.33%, from $12.3M in 2017 to $14.5M in 2022.

In 2017, Malaysia exported $49.3M to Uruguay. The main products exported from Malaysia to Uruguay were Potassic Fertilizers ($19.7M), Rubber Apparel ($3.42M), and Other Knit Garments ($2.95M). During the last 5 years the exports of Malaysia to Uruguay have increased at an annualized rate of 4.21%, from $37M in 2022 to $49.3M in 2017.

Exports from Uruguay () to Malaysia () (2022)

Exports from Malaysia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Malaysia ()

Uruguay Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Uruguay than Malaysia included Argentina ($999M), Brazil ($1.69B), and Paraguay ($149M).

In 2022, countries that imported more from Malaysia than Uruguay included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

Difference in imports from Malaysia () and Uruguay () (2022)

Comparative Advantage Uruguay - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Malaysia in the exports of Wood Products ($5.73M), Animal Products ($2.12M), and Animal Hides ($1.67M).

During 2017, Malaysia had a large net trade with Uruguay in the exports of Chemical Products ($22.3M), Machines ($8.51M), and Plastics and Rubbers ($4.84M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Malaysia+$1.43MSulfate Chemical Woodpulp

Top Product Potential Malaysia Uruguay+$2.41MTelephones

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Malaysia () (2022)

Exports from Malaysia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Malaysia ()

Uruguay Exports

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Uruguay () (2022)

Comparative Advantage Uruguay - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Malaysia () (2022)

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