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2022
Flag → Flag
Exports $36.1MRnk 41 / 168
2022
Flag → Flag
Top Product $17.7MRough Wood
2022
Flag → Flag
Exports $103MRnk 63 / 207
2022
Flag → Flag
Top Product $15.4MPapermaking Machines
2022
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
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$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 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
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Uruguay-Finland Trade: In 2022, Uruguay exported $36.1M to Finland. The main products that Uruguay exported to Finland were Rough Wood ($17.7M), Sulfate Chemical Woodpulp ($13.2M), and Bovine Meat ($2.9M). Over the past 5 years the exports of Uruguay to Finland have increased at an annualized rate of 3.95%, from $29.8M in 2017 to $36.1M in 2022.

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

Finland-Uruguay Trade: In 2022, Finland exported $103M to Uruguay. The main products that Finland exported to Uruguay were Papermaking Machines ($15.4M), Other Agricultural Machinery ($13.9M), and Delivery Trucks ($11M). Over the past 5 years the exports of Finland to Uruguay have increased at an annualized rate of 24.5%,  from $34.3M in 2017 to $103M in 2022.

In 2020, Finland exported services to Uruguay worth $92.5M, with Other business services ($73.1M), Computer and information services ($14.8M), and Construction services ($2.28M) being the largest in terms of value.

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $36.1M to Finland. The main products exported from Uruguay to Finland were Rough Wood ($17.7M), Sulfate Chemical Woodpulp ($13.2M), and Bovine Meat ($2.9M). During the last 5 years the exports of Uruguay to Finland have increased at an annualized rate of 3.95%, from $29.8M in 2017 to $36.1M in 2022.

In 2017, Finland exported $103M to Uruguay. The main products exported from Finland to Uruguay were Papermaking Machines ($15.4M), Other Agricultural Machinery ($13.9M), and Delivery Trucks ($11M). During the last 5 years the exports of Finland to Uruguay have increased at an annualized rate of 24.5%, from $34.3M in 2022 to $103M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Finland (Flag)

Uruguay Exports

Finland Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Uruguay than Finland included Brazil ($1.69B), Argentina ($999M), and Paraguay ($149M).

In 2022, countries that imported more from Finland than Uruguay included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Uruguay - Finland

Flow
Scale

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

During 2022, Uruguay had a large net trade with Finland in the exports of Wood Products ($17.7M), Paper Goods ($13.2M), and Animal Products ($4.34M).

During 2017, Finland had a large net trade with Uruguay in the exports of Machines ($61.3M), Transportation ($13.3M), and Metals ($9.81M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Finland+$907kFrozen Bovine Meat
Top Product Potential Finland Uruguay+$1.02MTelephones

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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Bilateral Service Trade

In 2020, Finland exported services to Uruguay worth $92.5M, with Other business services ($73.1M), Computer and information services ($14.8M), and Construction services ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Uruguay (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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