Uruguay (URY) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Uruguay-Saudi Arabia Trade: In 2023, Uruguay exported $24.1M to Saudi Arabia. The main products that Uruguay exported to Saudi Arabia were Butter ($7.34M), Concentrated Milk ($6.38M), and Frozen Bovine Meat ($2.87M). Over the past 5 years the exports of Uruguay to Saudi Arabia have increased at an annualized rate of 44.4%, from $3.83M in 2018 to $24.1M in 2023.

In 2023, Uruguay did not export any services to Saudi Arabia.

Saudi Arabia-Uruguay Trade: In 2023, Saudi Arabia exported $167M to Uruguay. The main products that Saudi Arabia exported to Uruguay were Refined Petroleum ($136M), Other Hand Tools ($11.7M), and Sulphur ($7.18M). Over the past 5 years the exports of Saudi Arabia to Uruguay have increased at an annualized rate of 80.6%, from $8.71M in 2018 to $167M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $24.1M to Saudi Arabia. The main products exported from Uruguay to Saudi Arabia were Butter ($7.34M), Concentrated Milk ($6.38M), and Frozen Bovine Meat ($2.87M). During the last 5 years the exports of Uruguay to Saudi Arabia have increased at an annualized rate of 44.4%, from $3.83M in 2018 to $24.1M in 2023.

In 2018, Saudi Arabia exported $167M to Uruguay. The main products exported from Saudi Arabia to Uruguay were Refined Petroleum ($136M), Other Hand Tools ($11.7M), and Sulphur ($7.18M). During the last 5 years the exports of Saudi Arabia to Uruguay have increased at an annualized rate of 80.6%, from $8.71M in 2023 to $167M in 2018.

Exports from Uruguay () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Saudi Arabia ()

Uruguay Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Uruguay than Saudi Arabia included Argentina ($569M), Guatemala ($157M), and Mexico ($173M).

In 2023, countries that imported more from Saudi Arabia than Uruguay included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia () and Uruguay () (2023)

Comparative Advantage Uruguay - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Saudi Arabia in the exports of Animal Products ($18.2M), Paper Goods ($1.63M), and Wood Products ($1.39M).

During 2018, Saudi Arabia had a large net trade with Uruguay in the exports of Mineral Products ($146M), Metals ($11.9M), and Chemical Products ($3.97M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Saudi Arabia+$4.14MConcentrated Milk

Top Product Potential Saudi Arabia Uruguay+$2.57MEthylene Polymers

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Saudi Arabia ()

Uruguay Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Uruguay () (2023)

Comparative Advantage Uruguay - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Saudi Arabia () (2023)

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