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Pricing

2022
Flag → Flag
Exports $16.2MRnk 58 / 168
2022
Flag → Flag
Top Product $14.9MFrozen Bovine Meat
2022
Flag → Flag
Exports $467kRnk 82 / 149
2022
Flag → Flag
Top Product $445kSauces and Seasonings
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 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$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Uruguay-Trinidad and Tobago Trade: In 2022, Uruguay exported $16.2M to Trinidad and Tobago. The main products that Uruguay exported to Trinidad and Tobago were Frozen Bovine Meat ($14.9M), Scented Mixtures ($529k), and Concentrated Milk ($186k). Over the past 5 years the exports of Uruguay to Trinidad and Tobago have increased at an annualized rate of 2.64%, from $14.2M in 2017 to $16.2M in 2022.

In 2022, Uruguay did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Uruguay Trade: In 2022, Trinidad and Tobago exported $467k to Uruguay. The main products that Trinidad and Tobago exported to Uruguay were Sauces and Seasonings ($445k), Hard Liquor ($12.3k), and Acyclic Alcohols ($9.79k). Over the past 5 years the exports of Trinidad and Tobago to Uruguay have decreased at an annualized rate of 25.1%,  from $1.98M in 2017 to $467k in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $16.2M to Trinidad and Tobago. The main products exported from Uruguay to Trinidad and Tobago were Frozen Bovine Meat ($14.9M), Scented Mixtures ($529k), and Concentrated Milk ($186k). During the last 5 years the exports of Uruguay to Trinidad and Tobago have increased at an annualized rate of 2.64%, from $14.2M in 2017 to $16.2M in 2022.

In 2017, Trinidad and Tobago exported $467k to Uruguay. The main products exported from Trinidad and Tobago to Uruguay were Sauces and Seasonings ($445k), Hard Liquor ($12.3k), and Acyclic Alcohols ($9.79k). During the last 5 years the exports of Trinidad and Tobago to Uruguay have decreased at an annualized rate of 25.1%, from $1.98M in 2022 to $467k in 2017.

Exports from Uruguay (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Uruguay (Flag) (2022)

Latest Data

Trade between Uruguay (Flag) and Trinidad and Tobago (Flag)

Uruguay Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Uruguay than Trinidad and Tobago included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

In 2022, countries that imported more from Trinidad and Tobago than Uruguay included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago (Flag) and Uruguay (Flag) (2022)

Comparative Advantage Uruguay - Trinidad and Tobago

Flow
Scale

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

During 2022, Uruguay had a large net trade with Trinidad and Tobago in the exports of Animal Products ($15.2M), Chemical Products ($745k), and Plastics and Rubbers ($193k).

During 2017, Trinidad and Tobago had a large net trade with Uruguay in the exports of Foodstuffs ($457k) and Chemical Products ($9.79k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Trinidad and Tobago+$293kConcentrated Milk
Top Product Potential Trinidad and Tobago Uruguay+$40.7kAcyclic Alcohols

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

Product Space of Uruguay (Flag) and Trinidad and Tobago (Flag) (2022)

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