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Pricing

2022
Flag → Flag
Exports $17.3MRnk 54 / 168
2022
Flag → Flag
Top Product $5.72MConcentrated Milk
2022
Flag → Flag
Exports $30.5MRnk 86 / 138
2022
Flag → Flag
Top Product $21.1MMixed Mineral or Chemical Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Uruguay-Saudi Arabia Trade: In 2022, Uruguay exported $17.3M to Saudi Arabia. The main products that Uruguay exported to Saudi Arabia were Concentrated Milk ($5.72M), Butter ($5.16M), and Frozen Bovine Meat ($2.15M). Over the past 5 years the exports of Uruguay to Saudi Arabia have increased at an annualized rate of 12.3%, from $9.71M in 2017 to $17.3M in 2022.

In 2022, Uruguay did not export any services to Saudi Arabia.

Saudi Arabia-Uruguay Trade: In 2022, Saudi Arabia exported $30.5M to Uruguay. The main products that Saudi Arabia exported to Uruguay were Mixed Mineral or Chemical Fertilizers ($21.1M), Sulphur ($4.54M), and Ethylene Polymers ($2.75M). Over the past 5 years the exports of Saudi Arabia to Uruguay have increased at an annualized rate of 8.3%,  from $20.5M in 2017 to $30.5M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $17.3M to Saudi Arabia. The main products exported from Uruguay to Saudi Arabia were Concentrated Milk ($5.72M), Butter ($5.16M), and Frozen Bovine Meat ($2.15M). During the last 5 years the exports of Uruguay to Saudi Arabia have increased at an annualized rate of 12.3%, from $9.71M in 2017 to $17.3M in 2022.

In 2017, Saudi Arabia exported $30.5M to Uruguay. The main products exported from Saudi Arabia to Uruguay were Mixed Mineral or Chemical Fertilizers ($21.1M), Sulphur ($4.54M), and Ethylene Polymers ($2.75M). During the last 5 years the exports of Saudi Arabia to Uruguay have increased at an annualized rate of 8.3%, from $20.5M in 2022 to $30.5M in 2017.

Exports from Uruguay (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Uruguay (Flag) (2022)

Latest Data

Trade between Uruguay (Flag) and Saudi Arabia (Flag)

Uruguay Exports

Saudi Arabia Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Saudi Arabia
Top DestinationChina$68B

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 2022, countries that imported more from Uruguay than Saudi Arabia included Algeria ($229M), Chile ($200M), and Mexico ($203M).

In 2022, countries that imported more from Saudi Arabia than Uruguay included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Uruguay (Flag) (2022)

Comparative Advantage Uruguay - Saudi Arabia

Flow
Scale

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

During 2022, Uruguay had a large net trade with Saudi Arabia in the exports of Animal Products ($14.8M), Wood Products ($1.31M), and Chemical Products ($873k).

During 2017, Saudi Arabia had a large net trade with Uruguay in the exports of Chemical Products ($21.6M), Mineral Products ($4.62M), and Plastics and Rubbers ($4.02M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Uruguay (Flag) and Saudi Arabia (Flag) (2022)

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