Thailand-Uruguay Bilateral Trade Analysis 2023
Complete trade statistics: $113.51M total volume •Thailand deficit: $113.51M
Thailand → Uruguay
$0
Exports (2023)
Uruguay → Thailand
$113.51M
Imports (2023)
Trade Balance
$113.51M
Deficit for Thailand
Total Trade
$113.51M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Uruguay. Green line shows exports from Thailand, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Thailand-Uruguay commercial relationship and competitive positioning in global markets.
Thailand → Uruguay Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Uruguay demonstrates strategic specialization, with sacks and bags: of a kind used for the packing of goods, of man-made textile materials, of polyethylene or polypropylene strip or the like, not flexible intermediate bulk containers representing a key competitive advantage in this bilateral market.
Uruguay → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Uruguay reveals significant dependencyin tanned or crust hides and skins: bovine or equine, without hair on, in the dry state (crust), (other than full grains, unsplit: grain splits), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingsacks and bags: of a kind used for the packing of goods, of man-made textile materials, of polyethylene or polypropylene strip or the like, not flexible intermediate bulk containers to Uruguay, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $113.51M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Thailand-Uruguay Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $113.51 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a deficit of $113.51 million
- Export Focus: Thailand's primary exports include sacks and bags: of a kind used for the packing of goods, of man-made textile materials, of polyethylene or polypropylene strip or the like, not flexible intermediate bulk containers, vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1, printing, copying, and facsimile machines: machines which perform two or more of the functions of printing, copying or facsimile transmission, capable of connecting to an automatic data processing machine or to a network
- Import Dependencies: Key imports from Uruguay include tanned or crust hides and skins: bovine or equine, without hair on, in the dry state (crust), (other than full grains, unsplit: grain splits), tanned or crust hides and skins: bovine or equine, without hair on, in the dry state (crust), full grains, unsplit: grain splits, leather: further prepared after tanning or crusting, incl. parchment-dressed, of bovine (including buffalo) or equine animals, no hair, excluding leather of heading 41.14, and whole hides and skins, and sides, (full grains, unsplit and grain splits)
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $113.51M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Thailand leveraging its comparative advantages in sacks and bags: of a kind used for the packing of goods, of man-made textile materials, of polyethylene or polypropylene strip or the like, not flexible intermediate bulk containers.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Thailand's specialization in sacks and bags: of a kind used for the packing of goods, of man-made textile materials, of polyethylene or polypropylene strip or the like, not flexible intermediate bulk containerscomplements Uruguay's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in tanned or crust hides and skins: bovine or equine, without hair on, in the dry state (crust), (other than full grains, unsplit: grain splits).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $113.51M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $113.51M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $113.51 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in sacks and bags: of a kind used for the packing of goods, of man-made textile materials, of polyethylene or polypropylene strip or the like, not flexible intermediate bulk containers and tanned or crust hides and skins: bovine or equine, without hair on, in the dry state (crust), (other than full grains, unsplit: grain splits) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade deficit of $113.51 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Thailand and Uruguay represents a total trade volume of $113.51 million in 2023. This partnership demonstrates an unfavorable trade balance for Thailand, with imports exceeding exportsby $113.51 million.
Export Strengths
Thailand's exports to Uruguay total $0.00, with competitive advantages in sacks and bags: of a kind used for the packing of goods, of man-made textile materials, of polyethylene or polypropylene strip or the like, not flexible intermediate bulk containers, representing $3.08M orInfinity% of bilateral exports.
Import Dependencies
Imports from Uruguay amount to $113.51 million, highlighting economic interdependence in tanned or crust hides and skins: bovine or equine, without hair on, in the dry state (crust), (other than full grains, unsplit: grain splits), with Tanned or crust hides and skins: bovine or equine, without hair on, in the dry state (crust), (other than full grains, unsplit: grain splits) comprising33.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Thailand's strategic sourcing from Uruguay. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Thailand and Uruguay in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023