Uruguay (URY) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Uruguay-Turkey Trade: In 2023, Uruguay exported $363M to Turkey. The main products that Uruguay exported to Turkey were Bovine ($225M), Sulfate Chemical Woodpulp ($90.6M), and Animal Food ($17.3M). Over the past 5 years the exports of Uruguay to Turkey have decreased at an annualized rate of 1.2%, from $385M in 2018 to $363M in 2023.

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

Turkey-Uruguay Trade: In 2023, Turkey exported $185M to Uruguay. The main products that Turkey exported to Uruguay were Motor vehicles; parts and accessories (8701 to 8705) ($40.4M), Tug Boats ($20.5M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($20.4M). Over the past 5 years the exports of Turkey to Uruguay have increased at an annualized rate of 23.7%, from $63.8M in 2018 to $185M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $363M to Turkey. The main products exported from Uruguay to Turkey were Bovine ($225M), Sulfate Chemical Woodpulp ($90.6M), and Animal Food ($17.3M). During the last 5 years the exports of Uruguay to Turkey have decreased at an annualized rate of 1.2%, from $385M in 2018 to $363M in 2023.

In 2018, Turkey exported $185M to Uruguay. The main products exported from Turkey to Uruguay were Motor vehicles; parts and accessories (8701 to 8705) ($40.4M), Tug Boats ($20.5M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($20.4M). During the last 5 years the exports of Turkey to Uruguay have increased at an annualized rate of 23.7%, from $63.8M in 2023 to $185M in 2018.

Exports from Uruguay () to Turkey () (2023)

Exports from Turkey () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Turkey ()

Uruguay Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Uruguay than Turkey included Brazil ($1.92B), Argentina ($569M), and Paraguay ($124M).

In 2023, countries that imported more from Turkey than Uruguay included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Uruguay - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Turkey in the exports of Animal Products ($229M), Paper Goods ($90.6M), and Foodstuffs ($17.9M).

During 2018, Turkey had a large net trade with Uruguay in the exports of Transportation ($85.3M), Machines ($34M), and Metals ($18.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Turkey+$7.75MSoybeans

Top Product Potential Turkey Uruguay+$2.43MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Turkey () (2023)

Exports from Turkey () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Turkey ()

Uruguay Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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