Uruguay-Thailand Bilateral Trade Analysis 2023
Complete trade statistics: $113.51M total volume •Uruguay surplus: $113.51M
Uruguay → Thailand
$113.51M
Exports (2023)
Thailand → Uruguay
$0
Imports (2023)
Trade Balance
$113.51M
Surplus for Uruguay
Total Trade
$113.51M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Uruguay and Thailand. Green line shows exports from Uruguay, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Uruguay-Thailand commercial relationship and competitive positioning in global markets.
Uruguay → Thailand Exports
Export Market Intelligence
🎯 Strategic Export Focus
Uruguay's export portfolio to Thailand demonstrates strategic specialization, 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) representing a key competitive advantage in this bilateral market.
Thailand → Uruguay Imports
Import Dependency Profile
📦 Import Strategy Analysis
Uruguay's import pattern from Thailand reveals significant dependencyin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Uruguay demonstrates competitive strength in exportingtanned or crust hides and skins: bovine or equine, without hair on, in the dry state (crust), (other than full grains, unsplit: grain splits) to Thailand, 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: Uruguay-Thailand Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $113.51 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Uruguay maintains a surplus of $113.51 million
- Export Focus: Uruguay's primary exports 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)
- Import Dependencies: Key imports from Thailand 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
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 Uruguay leveraging its comparative advantages 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).
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
Uruguay's specialization 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)complements Thailand's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly 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.
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 tanned or crust hides and skins: bovine or equine, without hair on, in the dry state (crust), (other than full grains, unsplit: grain splits) and 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 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Uruguay's trade surplus of $113.51 million strengthens 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 Uruguay and Thailand represents a total trade volume of $113.51 million in 2023. This partnership demonstrates a favorable trade balance for Uruguay, with exports exceeding importsby $113.51 million.
Export Strengths
Uruguay's exports to Thailand total $113.51 million, with competitive advantages 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), representing $38.06M or33.5% of bilateral exports.
Import Dependencies
Imports from Thailand amount to $0.00, highlighting economic interdependence 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, 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 comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Uruguay's competitive position in this bilateral relationship. 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 Uruguay and Thailand in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023