Uruguay (URY) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Uruguay-Russia Trade: In 2023, Uruguay exported $63.2M to Russia. The main products that Uruguay exported to Russia were Cheese ($15.2M), Butter ($12.1M), and Edible Offal ($10.4M). Over the past 5 years the exports of Uruguay to Russia have decreased at an annualized rate of 18%, from $171M in 2018 to $63.2M in 2023.

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

Russia-Uruguay Trade: In 2023, Russia exported $27.9M to Uruguay. The main products that Russia exported to Uruguay were Mixed Mineral or Chemical Fertilizers ($16.3M), Potassic Fertilizers ($6.72M), and Other Processed Vegetables ($2.72M). Over the past 5 years the exports of Russia to Uruguay have decreased at an annualized rate of 14%, from $59.3M in 2018 to $27.9M in 2023.

In 2020, Russia exported services to Uruguay worth $2.73M, with Other business services ($2.17M), Transportation ($495k), and Computer and information services ($42k) being the largest in terms of value.

Comparison: In 2023, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $63.2M to Russia. The main products exported from Uruguay to Russia were Cheese ($15.2M), Butter ($12.1M), and Edible Offal ($10.4M). During the last 5 years the exports of Uruguay to Russia have decreased at an annualized rate of 18%, from $171M in 2018 to $63.2M in 2023.

In 2018, Russia exported $27.9M to Uruguay. The main products exported from Russia to Uruguay were Mixed Mineral or Chemical Fertilizers ($16.3M), Potassic Fertilizers ($6.72M), and Other Processed Vegetables ($2.72M). During the last 5 years the exports of Russia to Uruguay have decreased at an annualized rate of 14%, from $59.3M in 2023 to $27.9M in 2018.

Exports from Uruguay () to Russia () (2023)

Exports from Russia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Russia ()

Uruguay Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Uruguay than Russia included Argentina ($569M), Chile ($285M), and Algeria ($121M).

In 2023, countries that imported more from Russia than Uruguay included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Uruguay - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Russia in the exports of Animal Products ($59.4M), Animal and Vegetable Bi-Products ($1.8M), and Chemical Products ($1.09M).

During 2018, Russia had a large net trade with Uruguay in the exports of Chemical Products ($23.5M), Foodstuffs ($2.73M), and Mineral Products ($1.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Russia+$1.52MPackaged Medicaments

Top Product Potential Russia Uruguay+$12.8MRefined 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.

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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Uruguay worth $2.73M, with Other business services ($2.17M), Transportation ($495k), and Computer and information services ($42k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Uruguay () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Russia () (2023)

Exports from Russia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Russia ()

Uruguay Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Uruguay () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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