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2023
Flag → Flag
Exports $15.1MRnk 57 / 166
2023
Flag → Flag
Top Product $4.87MCheese
2023
Flag → Flag
Exports $18.8MRnk 75 / 201
2023
Flag → Flag
Top Product $3.87MSynthetic Filament Yarn Woven Fabric
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $22,798CURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Uruguay-Philippines Trade: In 2023, Uruguay exported $15.1M to Philippines. The main products that Uruguay exported to Philippines were Cheese ($4.87M), Tanned Furskins ($3.3M), and Whey and other milk products ($3.14M). Over the past 5 years the exports of Uruguay to Philippines have decreased at an annualized rate of 7.19%, from $21.9M in 2018 to $15.1M in 2023.

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

Philippines-Uruguay Trade: In 2023, Philippines exported $18.8M to Uruguay. The main products that Philippines exported to Uruguay were Synthetic Filament Yarn Woven Fabric ($3.87M), Navigation Equipment ($3.58M), and Office Machine Parts ($3.06M). Over the past 5 years the exports of Philippines to Uruguay have decreased at an annualized rate of 3.03%,  from $22M in 2018 to $18.8M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Uruguay exported $15.1M to Philippines. The main products exported from Uruguay to Philippines were Cheese ($4.87M), Tanned Furskins ($3.3M), and Whey and other milk products ($3.14M). During the last 5 years the exports of Uruguay to Philippines have decreased at an annualized rate of 7.19%, from $21.9M in 2018 to $15.1M in 2023.

In 2018, Philippines exported $18.8M to Uruguay. The main products exported from Philippines to Uruguay were Synthetic Filament Yarn Woven Fabric ($3.87M), Navigation Equipment ($3.58M), and Office Machine Parts ($3.06M). During the last 5 years the exports of Philippines to Uruguay have decreased at an annualized rate of 3.03%, from $22M in 2023 to $18.8M in 2018.

Exports from Uruguay (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Uruguay (Flag) (2023)

Latest Data

Trade between Uruguay (Flag) and Philippines (Flag)

Uruguay Exports

Philippines Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.34B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Philippines than Uruguay included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

Difference in imports from Philippines (Flag) and Uruguay (Flag) (2023)

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 2023, Uruguay had a large net trade with Philippines in the exports of Animal Products ($9.7M), Animal Hides ($3.72M), and Wood Products ($799k).

During 2018, Philippines had a large net trade with Uruguay in the exports of Machines ($9.28M), Textiles ($4.14M), and Vegetable Products ($2.41M).

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) (2023)

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