Uruguay (URY) and Peru (PER) Trade | The Observatory of Economic Complexity

About

Uruguay-Peru Trade: In 2023, Uruguay exported $111M to Peru. The main products that Uruguay exported to Peru were Rice ($49.7M), Malt ($7.64M), and Cheese ($5.61M). Over the past 5 years the exports of Uruguay to Peru have decreased at an annualized rate of 3.91%, from $136M in 2018 to $111M in 2023.

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

Peru-Uruguay Trade: In 2023, Peru exported $30.4M to Uruguay. The main products that Peru exported to Uruguay were Refined Petroleum ($3.34M), Essential Oils ($2.52M), and Cleaning Products ($1.55M). Over the past 5 years the exports of Peru to Uruguay have decreased at an annualized rate of 9.61%, from $50.4M in 2018 to $30.4M in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $111M to Peru. The main products exported from Uruguay to Peru were Rice ($49.7M), Malt ($7.64M), and Cheese ($5.61M). During the last 5 years the exports of Uruguay to Peru have decreased at an annualized rate of 3.91%, from $136M in 2018 to $111M in 2023.

In 2018, Peru exported $30.4M to Uruguay. The main products exported from Peru to Uruguay were Refined Petroleum ($3.34M), Essential Oils ($2.52M), and Cleaning Products ($1.55M). During the last 5 years the exports of Peru to Uruguay have decreased at an annualized rate of 9.61%, from $50.4M in 2023 to $30.4M in 2018.

Exports from Uruguay () to Peru () (2023)

Exports from Peru () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Peru ()

Uruguay Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Uruguay than Peru included Argentina ($569M), Algeria ($121M), and Brazil ($1.92B).

In 2023, countries that imported more from Peru than Uruguay included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Uruguay - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Peru in the exports of Vegetable Products ($57.3M), Chemical Products ($19.9M), and Animal Products ($16M).

During 2018, Peru had a large net trade with Uruguay in the exports of Chemical Products ($8.12M), Vegetable Products ($4.31M), and Foodstuffs ($3.74M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Peru+$1.56MFrozen Bovine Meat

Top Product Potential Peru Uruguay+$2.84MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Peru () (2023)

Exports from Peru () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Peru ()

Uruguay Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Peru

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring