2022
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GDP
$71.2BCURRENT US$
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2012-2022
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GDP GROWTH
31.2%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$20,795CURRENT US$
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2012-2022
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GDP PC GROWTH
29.3%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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About

Uruguay-South Korea In 2022, Uruguay exported $267M to South Korea. The main products that Uruguay exported to South Korea are Sulfate Chemical Woodpulp ($123M), Precious Metal Ore ($91.7M), and Crude Petroleum ($39.6M). During the last 27 years the exports of Uruguay to South Korea have increased at an annualized rate of 12.1%, from $12.3M in 1995 to $267M in 2022.

In 2022, Uruguay did not export any services to South Korea.

South Korea-Uruguay In 2022, South Korea exported $158M to Uruguay. The main products that South Korea exported to Uruguay were Motor vehicles; parts and accessories (8701 to 8705) ($31.8M), Insulated Wire ($29.7M), and Cars ($13.9M). During the last 27 years the exports of South Korea to Uruguay have increased at an annualized rate of 3.45%, from $63.2M in 1995 to $158M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $267M to South Korea. The main products exported from Uruguay to South Korea were Sulfate Chemical Woodpulp ($123M), Precious Metal Ore ($91.7M), and Crude Petroleum ($39.6M). During the last 27 years the exports of Uruguay to South Korea have increased at an annualized rate of 12.1%, from $12.3M in 1995 to $267M in 2022.

In 2022, South Korea exported $158M to Uruguay. The main products exported from South Korea to Uruguay were Motor vehicles; parts and accessories (8701 to 8705) ($31.8M), Insulated Wire ($29.7M), and Cars ($13.9M). During the last 27 years the exports of South Korea to Uruguay have increased at an annualized rate of 3.45%, from $63.2M in 1995 to $158M in 2022.

Exports from Uruguay (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Uruguay (Flag) (2022)

Latest Data

Trade between Uruguay (Flag) and South Korea (Flag)

Uruguay Exports

South Korea Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Uruguay than South Korea were Argentina ($999M), Cuba ($56.8M), and Venezuela ($65.2M).

In 2021, countries that imported more from South Korea than Uruguay were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Uruguay (Flag) (2022)

Comparative Advantage Uruguay - South Korea

Flow
Scale

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

During 2022, Uruguay had a large net trade with South Korea in the exports of Mineral Products ($131M), Paper Goods ($123M), and Animal Products ($4.6M).

During 2022, South Korea had a large net trade with Uruguay in the exports of Transportation ($53.9M), Machines ($48.9M), and Chemical Products ($19.6M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Uruguay has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Uruguay.

Product Space of Uruguay (Flag) and South Korea (Flag) (2022)

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