2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 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 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 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

Kuwait-Uruguay Trade: In 2022, Kuwait exported $408 to Uruguay. The main products that Kuwait exported to Uruguay were Electric Filament ($254) and Chemical Analysis Instruments ($154). Over the past 7 years the exports of Kuwait to Uruguay have decreased at an annualized rate of 73.7%, from $4.68M in 2015 to $408 in 2022.

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

Uruguay-Kuwait Trade: In 2022, Uruguay exported $6.3M to Kuwait. The main products that Uruguay exported to Kuwait were Sheep and Goat Meat ($4.44M), Frozen Bovine Meat ($1.04M), and Other Prepared Meat ($344k). Over the past 7 years the exports of Uruguay to Kuwait have decreased at an annualized rate of 4.18%,  from $7.8M in 2015 to $6.3M in 2022.

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

Comparison: In 2022,  Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). 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, Kuwait exported $408 to Uruguay. The main products exported from Kuwait to Uruguay were Electric Filament ($254) and Chemical Analysis Instruments ($154). During the last 7 years the exports of Kuwait to Uruguay have decreased at an annualized rate of 73.7%, from $4.68M in 2015 to $408 in 2022.

In 2017, Uruguay exported $6.3M to Kuwait. The main products exported from Uruguay to Kuwait were Sheep and Goat Meat ($4.44M), Frozen Bovine Meat ($1.04M), and Other Prepared Meat ($344k). During the last 5 years the exports of Uruguay to Kuwait have decreased at an annualized rate of 4.18%, from $7.8M in 2022 to $6.3M in 2017.

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

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

Latest Data

Trade between Kuwait (Flag) and Uruguay (Flag)

Uruguay Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Uruguay
Top Destination
China$2.89B

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

In 2022, countries that imported more from Kuwait than Uruguay included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Uruguay than Kuwait included Brazil ($1.69B), Argentina ($999M), and Netherlands ($587M).

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

Comparative Advantage Kuwait - Uruguay

Flow
Scale

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

During 2022, Kuwait had a large net trade with Uruguay in the exports of Machines ($254) and Instruments ($154).

During 2017, Uruguay had a large net trade with Kuwait in the exports of Animal Products ($5.74M), Foodstuffs ($355k), and Chemical Products ($152k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Uruguay+$6.32kCrude Petroleum
Top Product Potential Uruguay Kuwait+$1.11MFrozen Bovine Meat

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

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

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