2023
Flag  
GDP
$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH
30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP
$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC 
$64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC
$22,798CURRENT US$
Rnk 54 / 196
2013-2023
Flag
GDP PC GROWTH
24.3%CURRENT US$
Rnk 90 / 195

About

Netherlands-Uruguay Trade: In 2023, Netherlands exported $218M to Uruguay. The main products that Netherlands exported to Uruguay were Refined Petroleum ($147M), Other Frozen Vegetables ($6.89M), and Broadcasting Equipment ($5.12M). Over the past 5 years the exports of Netherlands to Uruguay have increased at an annualized rate of 16.2%, from $103M in 2018 to $218M in 2023.

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 2023, Uruguay exported $568M to Netherlands. The main products that Uruguay exported to Netherlands were Sulfate Chemical Woodpulp ($295M), Bovine Meat ($138M), and Rapeseed ($37M). Over the past 5 years the exports of Uruguay to Netherlands have decreased at an annualized rate of 0.52%,  from $592M in 2018 to $568M in 2023.

In 2023, Uruguay did not export any services to Netherlands.

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $218M to Uruguay. The main products exported from Netherlands to Uruguay were Refined Petroleum ($147M), Other Frozen Vegetables ($6.89M), and Broadcasting Equipment ($5.12M). During the last 5 years the exports of Netherlands to Uruguay have increased at an annualized rate of 16.2%, from $103M in 2018 to $218M in 2023.

In 2018, Uruguay exported $568M to Netherlands. The main products exported from Uruguay to Netherlands were Sulfate Chemical Woodpulp ($295M), Bovine Meat ($138M), and Rapeseed ($37M). During the last 5 years the exports of Uruguay to Netherlands have decreased at an annualized rate of 0.52%, from $592M in 2023 to $568M in 2018.

Exports from Netherlands (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to Netherlands (Flag) (2023)

Market Competitiveness

Color
Netherlands
Top Destination
Germany$96.9B
Uruguay
Top Destination
China$2.34B

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 2023, countries that imported more from Netherlands than Uruguay included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Uruguay than Netherlands included Guatemala ($157M), Paraguay ($124M), and El Salvador ($71.4M).

Difference in imports from Uruguay (Flag) and Netherlands (Flag) (2023)

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 2023, Netherlands had a large net trade with Uruguay in the exports of Mineral Products ($147M), Machines ($18.5M), and Foodstuffs ($15.8M).

During 2018, Uruguay had a large net trade with Netherlands in the exports of Paper Goods ($295M), Animal Products ($159M), and Vegetable Products ($62M).

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) (2023)

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