Kuwait (KWT) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Uruguay () (2022)

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

Latest Data

Trade between Kuwait () and Uruguay ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Uruguay
Top DestinationChina$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 () and Kuwait () (2022)

Comparative Advantage Kuwait - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Kuwait () and Uruguay ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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