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Pricing

2022
Flag → Flag
Exports $16.1MRnk 59 / 168
2022
Flag → Flag
Top Product $4.3MWhey and other milk products
2022
Flag → Flag
Exports $14.2MRnk 79 / 205
2022
Flag → Flag
Top Product $4.87MSynthetic Filament Yarn Woven Fabric
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Uruguay-Philippines Trade: In 2022, Uruguay exported $16.1M to Philippines. The main products that Uruguay exported to Philippines were Whey and other milk products ($4.3M), Tanned Furskins ($3.92M), and Cheese ($2.47M). Over the past 5 years the exports of Uruguay to Philippines have decreased at an annualized rate of 26.4%, from $74.3M in 2017 to $16.1M in 2022.

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

Philippines-Uruguay Trade: In 2022, Philippines exported $14.2M to Uruguay. The main products that Philippines exported to Uruguay were Synthetic Filament Yarn Woven Fabric ($4.87M), Office Machine Parts ($2.16M), and Plastic Coated Textile Fabric ($1.45M). Over the past 5 years the exports of Philippines to Uruguay have decreased at an annualized rate of 3.62%,  from $17.1M in 2017 to $14.2M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $16.1M to Philippines. The main products exported from Uruguay to Philippines were Whey and other milk products ($4.3M), Tanned Furskins ($3.92M), and Cheese ($2.47M). During the last 5 years the exports of Uruguay to Philippines have decreased at an annualized rate of 26.4%, from $74.3M in 2017 to $16.1M in 2022.

In 2017, Philippines exported $14.2M to Uruguay. The main products exported from Philippines to Uruguay were Synthetic Filament Yarn Woven Fabric ($4.87M), Office Machine Parts ($2.16M), and Plastic Coated Textile Fabric ($1.45M). During the last 5 years the exports of Philippines to Uruguay have decreased at an annualized rate of 3.62%, from $17.1M in 2022 to $14.2M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Philippines (Flag)

Uruguay Exports

Philippines Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Uruguay than Philippines included Brazil ($1.69B), Argentina ($999M), and Algeria ($229M).

In 2022, countries that imported more from Philippines than Uruguay included United States ($15.5B), Hong Kong ($12.6B), and China ($15.3B).

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

Comparative Advantage Uruguay - Philippines

Flow
Scale

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

During 2022, Uruguay had a large net trade with Philippines in the exports of Animal Products ($10.4M), Animal Hides ($4.62M), and Foodstuffs ($591k).

During 2017, Philippines had a large net trade with Uruguay in the exports of Textiles ($6.54M), Machines ($4.15M), and Vegetable Products ($1.69M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Philippines+$1.25MConcentrated Milk
Top Product Potential Philippines Uruguay+$1.06MIndustrial Printers

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

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

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