2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186

About

Denmark-Uruguay Trade: In 2022, Denmark exported $81.6M to Uruguay. The main products that Denmark exported to Uruguay were Other Pure Vegetable Oils ($26.7M), Palm Oil ($25.8M), and Chemical Analysis Instruments ($2.28M). Over the past 5 years the exports of Denmark to Uruguay have increased at an annualized rate of 1.77%, from $74.7M in 2017 to $81.6M in 2022.

In 2020, Denmark exported services to Uruguay worth $80.9M, with Transportation ($76.3M), Construction services ($2.28M), and Other business services ($914k) being the largest in terms of value.

Uruguay-Denmark Trade: In 2022, Uruguay exported $12.4M to Denmark. The main products that Uruguay exported to Denmark were Bovine Meat ($6.97M), Frozen Bovine Meat ($3.15M), and Honey ($542k). Over the past 5 years the exports of Uruguay to Denmark have decreased at an annualized rate of 16.5%,  from $30.7M in 2017 to $12.4M in 2022.

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

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). 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
Value

In 2022, Denmark exported $81.6M to Uruguay. The main products exported from Denmark to Uruguay were Other Pure Vegetable Oils ($26.7M), Palm Oil ($25.8M), and Chemical Analysis Instruments ($2.28M). During the last 5 years the exports of Denmark to Uruguay have increased at an annualized rate of 1.77%, from $74.7M in 2017 to $81.6M in 2022.

In 2017, Uruguay exported $12.4M to Denmark. The main products exported from Uruguay to Denmark were Bovine Meat ($6.97M), Frozen Bovine Meat ($3.15M), and Honey ($542k). During the last 5 years the exports of Uruguay to Denmark have decreased at an annualized rate of 16.5%, from $30.7M in 2022 to $12.4M in 2017.

Exports from Denmark (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and Uruguay (Flag)

Denmark Exports

Uruguay Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Uruguay
Top Destination
China$2.89B

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

In 2022, countries that imported more from Denmark than Uruguay included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

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

Comparative Advantage Denmark - Uruguay

Flow
Scale

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

During 2022, Denmark had a large net trade with Uruguay in the exports of Animal and Vegetable Bi-Products ($52.5M), Machines ($7.86M), and Chemical Products ($4.78M).

During 2017, Uruguay had a large net trade with Denmark in the exports of Animal Products ($11.3M), Machines ($374k), and Wood Products ($290k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Uruguay+$1.87MPackaged Medicaments
Top Product Potential Uruguay Denmark+$1.39MFrozen 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

This visualization shows the product space at the HS4 level with the flags of Denmark and Uruguay. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Denmark.

Product Space of Denmark (Flag) and Uruguay (Flag) (2022)

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