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

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Uruguay-Malaysia Trade: In 2023, Uruguay exported $22.5M to Malaysia. The main products that Uruguay exported to Malaysia were Sawn Wood ($8.91M), Rough Wood ($3.81M), and Sulfate Chemical Woodpulp ($3.11M). Over the past 5 years the exports of Uruguay to Malaysia have increased at an annualized rate of 23.5%, from $7.85M in 2018 to $22.5M in 2023.

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

Malaysia-Uruguay Trade: In 2023, Malaysia exported $21.1M to Uruguay. The main products that Malaysia exported to Uruguay were Other Knit Garments ($2.58M), Palm Oil ($2.5M), and Rubber Apparel ($1.29M). Over the past 5 years the exports of Malaysia to Uruguay have increased at an annualized rate of 3.39%, from $17.9M in 2018 to $21.1M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $22.5M to Malaysia. The main products exported from Uruguay to Malaysia were Sawn Wood ($8.91M), Rough Wood ($3.81M), and Sulfate Chemical Woodpulp ($3.11M). During the last 5 years the exports of Uruguay to Malaysia have increased at an annualized rate of 23.5%, from $7.85M in 2018 to $22.5M in 2023.

In 2018, Malaysia exported $21.1M to Uruguay. The main products exported from Malaysia to Uruguay were Other Knit Garments ($2.58M), Palm Oil ($2.5M), and Rubber Apparel ($1.29M). During the last 5 years the exports of Malaysia to Uruguay have increased at an annualized rate of 3.39%, from $17.9M in 2023 to $21.1M in 2018.

Exports from Uruguay () to Malaysia () (2023)

Exports from Malaysia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Malaysia ()

Uruguay Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Malaysia than Uruguay included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

Difference in imports from Malaysia () and Uruguay () (2023)

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 2023, Uruguay had a large net trade with Malaysia in the exports of Wood Products ($12.7M), Paper Goods ($3.11M), and Animal Products ($1.81M).

During 2018, Malaysia had a large net trade with Uruguay in the exports of Machines ($4.99M), Textiles ($3.07M), and Animal and Vegetable Bi-Products ($3.03M).

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 () (2023)

Exports from Malaysia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Malaysia ()

Uruguay Exports

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Uruguay () (2023)

Comparative Advantage Uruguay - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Malaysia () (2023)

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