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2022
Flag → Flag
Exports $116MRnk 114 / 224
2022
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Top Product $15.7MRefined Petroleum
2022
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Exports $471MRnk 5 / 168
2022
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Top Product $262MSulfate Chemical Woodpulp
2022
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Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
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GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
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 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
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GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
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GDP PC $55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
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GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
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GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Netherlands-Uruguay Trade: In 2022, Netherlands exported $116M to Uruguay. The main products that Netherlands exported to Uruguay were Refined Petroleum ($15.7M), Industrial Fatty Acids, Oils and Alcohols ($4.77M), and Broadcasting Equipment ($4.6M). Over the past 5 years the exports of Netherlands to Uruguay have increased at an annualized rate of 32.1%, from $29M in 2017 to $116M in 2022.

In 2020, Netherlands exported services to Uruguay worth $28.7M, with Transportation ($13M), Other business services ($8.34M), and Computer and information services ($4.57M) being the largest in terms of value.

Uruguay-Netherlands Trade: In 2022, Uruguay exported $471M to Netherlands. The main products that Uruguay exported to Netherlands were Sulfate Chemical Woodpulp ($262M), Bovine Meat ($157M), and Frozen Bovine Meat ($37.7M). Over the past 5 years the exports of Uruguay to Netherlands have increased at an annualized rate of 51.1%,  from $59.8M in 2017 to $471M in 2022.

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

Comparison: In 2022,  Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €11M and imported €93M from Uruguay, resulting in a negative trade balance of €82M. Between October 2021 and October 2022 the exports of Netherlands have increased by €8M (267%) from €3M to €11M, while imports increased by €27M (40.9%) from €66M to €93M.

Trade In October 2022, the top exports of Netherlands to Uruguay were Motor vehicles for the transport of... (€3M), Mechanical handling equipment, and parts thereof,... (€2M), Medicinal and pharmaceutical products, other than... (€1M), Medicaments (including veterinary medicaments) (€1M), and Miscellaneous chemical products, n.e.s. (€1M). In October 2022 the top imports of Netherlands from Uruguay were Meat of bovine animals, fresh, chilled... (€17M) and Pulp and waste paper (€7M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Uruguay was explained primarily by an increase in product exports in . In October 2022, the increase in Netherlands's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (October 2021 - October 2022)€8M(267%)
IMPORT GROWTH (October 2021 - October 2022)€27M(40.9%)

This section shows exports and imports data at subnational level for Netherlands. Click any date in the line plot or any product to explore the exports or imports behavior of Netherlands over time.

To check Uruguay and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $116M to Uruguay. The main products exported from Netherlands to Uruguay were Refined Petroleum ($15.7M), Industrial Fatty Acids, Oils and Alcohols ($4.77M), and Broadcasting Equipment ($4.6M). During the last 5 years the exports of Netherlands to Uruguay have increased at an annualized rate of 32.1%, from $29M in 2017 to $116M in 2022.

In 2017, Uruguay exported $471M to Netherlands. The main products exported from Uruguay to Netherlands were Sulfate Chemical Woodpulp ($262M), Bovine Meat ($157M), and Frozen Bovine Meat ($37.7M). During the last 22 years the exports of Uruguay to Netherlands have increased at an annualized rate of 51.1%, from $59.8M in 1995 to $471M in 2017.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$131B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Netherlands than Uruguay included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from Uruguay than Netherlands included Venezuela ($65.2M) and Paraguay ($149M).

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

Comparative Advantage Netherlands - Uruguay

Flow
Scale

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

During 2022, Netherlands had a large net trade with Uruguay in the exports of Machines ($23.8M), Foodstuffs ($19.7M), and Chemical Products ($19.3M).

During 2017, Uruguay had a large net trade with Netherlands in the exports of Paper Goods ($262M), Animal Products ($203M), and Vegetable Products ($69M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Uruguay+$9.5MRefined Petroleum
Top Product Potential Uruguay Netherlands+$4.91MFrozen 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 Netherlands and Uruguay. This means that a dot/product with the flag of Netherlands indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Netherlands.

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

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