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2023
Flag → Flag
Exports $105MRnk 79 / 142
2023
Flag → Flag
Top Product $48.2MBroadcasting Equipment
2023
Flag → Flag
Exports $30MRnk 43 / 166
2023
Flag → Flag
Top Product $7.46MSawn Wood
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
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Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
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GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
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GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
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GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Vietnam-Uruguay Trade: In 2023, Vietnam exported $105M to Uruguay. The main products that Vietnam exported to Uruguay were Broadcasting Equipment ($48.2M), Textile Footwear ($12.2M), and Phosphatic Fertilizers ($6.13M). Over the past 5 years the exports of Vietnam to Uruguay have increased at an annualized rate of 20%, from $42M in 2018 to $105M in 2023.

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

Uruguay-Vietnam Trade: In 2023, Uruguay exported $30M to Vietnam. The main products that Uruguay exported to Vietnam were Sawn Wood ($7.46M), Rough Wood ($6.67M), and Tanned Equine and Bovine Hides ($6.41M). Over the past 5 years the exports of Uruguay to Vietnam have decreased at an annualized rate of 5.08%,  from $50.6M in 2018 to $30M in 2023.

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

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $105M to Uruguay. The main products exported from Vietnam to Uruguay were Broadcasting Equipment ($48.2M), Textile Footwear ($12.2M), and Phosphatic Fertilizers ($6.13M). During the last 5 years the exports of Vietnam to Uruguay have increased at an annualized rate of 20%, from $42M in 2018 to $105M in 2023.

In 2018, Uruguay exported $30M to Vietnam. The main products exported from Uruguay to Vietnam were Sawn Wood ($7.46M), Rough Wood ($6.67M), and Tanned Equine and Bovine Hides ($6.41M). During the last 5 years the exports of Uruguay to Vietnam have decreased at an annualized rate of 5.08%, from $50.6M in 2023 to $30M in 2018.

Exports from Vietnam (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and Uruguay (Flag)

Uruguay Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Vietnam than Uruguay included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Uruguay than Vietnam included Algeria ($121M), Russia ($63.2M), and Venezuela ($52.6M).

Difference in imports from Uruguay (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Uruguay

Flow
Scale

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

During 2023, Vietnam had a large net trade with Uruguay in the exports of Machines ($59.7M), Footwear and Headwear ($19.4M), and Textiles ($8.95M).

During 2018, Uruguay had a large net trade with Vietnam in the exports of Wood Products ($14.1M), Animal Products ($7.95M), and Animal Hides ($6.41M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Uruguay+$19.8MTelephones
Top Product Potential Uruguay Vietnam+$4.13MSoybeans

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

Product Space of Vietnam (Flag) and Uruguay (Flag) (2023)

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