Uruguay (URY) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Uruguay-Nepal Trade: In 2022, Uruguay exported $36.1k to Nepal. The main products that Uruguay exported to Nepal were Industrial Printers ($36.1k) and Knit T-shirts ($19). Over the past 6 years the exports of Uruguay to Nepal have decreased at an annualized rate of 47.1%, from $1.65M in 2016 to $36.1k in 2022.

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

Nepal-Uruguay Trade: In 2022, Nepal exported $344k to Uruguay. The main products that Nepal exported to Uruguay were Knotted Carpets ($332k), Scarves ($6.14k), and Other Carpets ($2.23k). Over the past 6 years the exports of Nepal to Uruguay have increased at an annualized rate of 48.5%, from $47.7k in 2016 to $344k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $36.1k to Nepal. The main products exported from Uruguay to Nepal were Industrial Printers ($36.1k) and Knit T-shirts ($19). During the last 6 years the exports of Uruguay to Nepal have decreased at an annualized rate of 47.1%, from $1.65M in 2016 to $36.1k in 2022.

In 2017, Nepal exported $344k to Uruguay. The main products exported from Nepal to Uruguay were Knotted Carpets ($332k), Scarves ($6.14k), and Other Carpets ($2.23k). During the last 5 years the exports of Nepal to Uruguay have increased at an annualized rate of 48.5%, from $47.7k in 2022 to $344k in 2017.

Exports from Uruguay () to Nepal () (2022)

Exports from Nepal () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Nepal ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Uruguay included India ($956M), Central African Republic ($8.88M), and Bhutan ($3.99M).

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

Comparative Advantage Uruguay - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Nepal in the exports of Machines ($36.1k) and Textiles ($19).

During 2017, Nepal had a large net trade with Uruguay in the exports of Textiles ($343k), Instruments ($761), and Footwear and Headwear ($229).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Nepal+$10.4kIndustrial Printers

Top Product Potential Nepal Uruguay+$9.45kKnit Sweaters

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Nepal () (2022)

Exports from Nepal () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Nepal ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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