2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
 GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186

About

Colombia-Uruguay Trade: In 2022, Colombia exported $47.2M to Uruguay. The main products that Colombia exported to Uruguay were Petroleum Coke ($4.94M), Refined Petroleum ($4.72M), and Vaccines, blood, antisera, toxins and cultures ($3.99M). Over the past 5 years the exports of Colombia to Uruguay have increased at an annualized rate of 4.37%, from $38.1M in 2017 to $47.2M in 2022.

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

Uruguay-Colombia Trade: In 2022, Uruguay exported $86.1M to Colombia. The main products that Uruguay exported to Colombia were Scented Mixtures ($20.3M), Other Edible Preparations ($16.8M), and Non-fillet Frozen Fish ($7.94M). Over the past 5 years the exports of Uruguay to Colombia have increased at an annualized rate of 8.5%,  from $57.2M in 2017 to $86.1M in 2022.

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

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $47.2M to Uruguay. The main products exported from Colombia to Uruguay were Petroleum Coke ($4.94M), Refined Petroleum ($4.72M), and Vaccines, blood, antisera, toxins and cultures ($3.99M). During the last 5 years the exports of Colombia to Uruguay have increased at an annualized rate of 4.37%, from $38.1M in 2017 to $47.2M in 2022.

In 2017, Uruguay exported $86.1M to Colombia. The main products exported from Uruguay to Colombia were Scented Mixtures ($20.3M), Other Edible Preparations ($16.8M), and Non-fillet Frozen Fish ($7.94M). During the last 5 years the exports of Uruguay to Colombia have increased at an annualized rate of 8.5%, from $57.2M in 2022 to $86.1M in 2017.

Exports from Colombia (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Colombia (Flag) (2022)

Latest Data

Trade between Colombia (Flag) and Uruguay (Flag)

Colombia Exports

Uruguay Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Uruguay
Top Destination
China$2.89B

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

In 2022, countries that imported more from Colombia than Uruguay included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from Uruguay than Colombia included China ($2.89B), Argentina ($999M), and Algeria ($229M).

Difference in imports from Uruguay (Flag) and Colombia (Flag) (2022)

Comparative Advantage Colombia - Uruguay

Flow
Scale

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

During 2022, Colombia had a large net trade with Uruguay in the exports of Chemical Products ($14.6M), Mineral Products ($9.66M), and Plastics and Rubbers ($5.39M).

During 2017, Uruguay had a large net trade with Colombia in the exports of Chemical Products ($35.1M), Animal Products ($18.8M), and Foodstuffs ($18.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Uruguay+$3.05MRefined Petroleum
Top Product Potential Uruguay Colombia+$2.46MPackaged 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.

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Economic Complexity

Competitive Landscape

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

Product Space of Colombia (Flag) and Uruguay (Flag) (2022)

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