Uruguay (URY) and Singapore (SGP) Trade | The Observatory of Economic Complexity

About

Uruguay-Singapore Trade: In 2022, Uruguay exported $119M to Singapore. The main products that Uruguay exported to Singapore were Crude Petroleum ($79.4M), Bovine, Sheep, and Goat Fat ($11.3M), and Industrial Fatty Acids, Oils and Alcohols ($10.5M). Over the past 5 years the exports of Uruguay to Singapore have increased at an annualized rate of 49.9%, from $15.7M in 2017 to $119M in 2022.

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

Singapore-Uruguay Trade: In 2022, Singapore exported $20.2M to Uruguay. The main products that Singapore exported to Uruguay were Packaged Medicaments ($4.92M), Perfumes ($2.63M), and Fishing and Hunting Equipment ($2.56M). Over the past 5 years the exports of Singapore to Uruguay have increased at an annualized rate of 1%, from $18.1M in 2017 to $20.2M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $119M to Singapore. The main products exported from Uruguay to Singapore were Crude Petroleum ($79.4M), Bovine, Sheep, and Goat Fat ($11.3M), and Industrial Fatty Acids, Oils and Alcohols ($10.5M). During the last 5 years the exports of Uruguay to Singapore have increased at an annualized rate of 49.9%, from $15.7M in 2017 to $119M in 2022.

In 2017, Singapore exported $20.2M to Uruguay. The main products exported from Singapore to Uruguay were Packaged Medicaments ($4.92M), Perfumes ($2.63M), and Fishing and Hunting Equipment ($2.56M). During the last 5 years the exports of Singapore to Uruguay have increased at an annualized rate of 1%, from $18.1M in 2022 to $20.2M in 2017.

Exports from Uruguay () to Singapore () (2022)

Exports from Singapore () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Singapore ()

Uruguay Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Singapore
Top DestinationHong Kong$51.6B

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

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

In 2022, countries that imported more from Singapore than Uruguay included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore () and Uruguay () (2022)

Comparative Advantage Uruguay - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Singapore in the exports of Mineral Products ($79.4M), Chemical Products ($12.1M), and Animal Products ($12M).

During 2017, Singapore had a large net trade with Uruguay in the exports of Chemical Products ($8.4M), Miscellaneous ($3.56M), and Machines ($3.47M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Singapore+$1.89MConcentrated Milk

Top Product Potential Singapore Uruguay+$3.28MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Singapore () (2022)

Exports from Singapore () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Singapore ()

Uruguay Exports

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Uruguay () (2022)

Comparative Advantage Uruguay - Singapore

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Singapore () (2022)

Keep Exploring