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Pricing

2022
Flag → Flag
Exports $27.2MRnk 49 / 168
2022
Flag → Flag
Top Product $4.47MPackaged Medicaments
2022
Flag → Flag
Exports $28.5MRnk 60 / 170
2022
Flag → Flag
Top Product $10.8MProcessed Fish
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Uruguay-Ecuador Trade: In 2022, Uruguay exported $27.2M to Ecuador. The main products that Uruguay exported to Ecuador were Packaged Medicaments ($4.47M), Vaccines, blood, antisera, toxins and cultures ($3.94M), and Frozen Bovine Meat ($3.26M). Over the past 5 years the exports of Uruguay to Ecuador have increased at an annualized rate of 8.79%, from $17.8M in 2017 to $27.2M in 2022.

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

Ecuador-Uruguay Trade: In 2022, Ecuador exported $28.5M to Uruguay. The main products that Ecuador exported to Uruguay were Processed Fish ($10.8M), Bananas ($9.72M), and Cut Flowers ($1.88M). Over the past 5 years the exports of Ecuador to Uruguay have increased at an annualized rate of 1.61%,  from $26.3M in 2017 to $28.5M in 2022.

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

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Latest Data

Trade between Uruguay (Flag) and Ecuador (Flag)

Uruguay Exports

Ecuador Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Uruguay than Ecuador included Brazil ($1.69B), Argentina ($999M), and Algeria ($229M).

In 2022, countries that imported more from Ecuador than Uruguay included United States ($9.86B), Panama ($4.97B), and China ($6.17B).

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

Potential Exports

Potential Exports

Depth
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Top Product Potential Uruguay Ecuador+$648kPackaged Medicaments
Top Product Potential Ecuador Uruguay+$1.51MCrustaceans

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

Product Space of Uruguay (Flag) and Ecuador (Flag) (NaN)

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