2022
Flag  
GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Uruguay-Norway Trade: In 2022, Uruguay exported $37M to Norway. The main products that Uruguay exported to Norway were Animal Meal and Pellets ($18.8M), Frozen Bovine Meat ($12.5M), and Iron Pipes ($2.82M). Over the past 5 years the exports of Uruguay to Norway have decreased at an annualized rate of 2.51%, from $42M in 2017 to $37M in 2022.

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

Norway-Uruguay Trade: In 2022, Norway exported $19.6M to Uruguay. The main products that Norway exported to Uruguay were Processed Crustaceans ($13.4M), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.12M), and Iron Pipes ($907k). Over the past 5 years the exports of Norway to Uruguay have increased at an annualized rate of 3.2%,  from $13.8M in 2017 to $19.6M in 2022.

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

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $37M to Norway. The main products exported from Uruguay to Norway were Animal Meal and Pellets ($18.8M), Frozen Bovine Meat ($12.5M), and Iron Pipes ($2.82M). During the last 5 years the exports of Uruguay to Norway have decreased at an annualized rate of 2.51%, from $42M in 2017 to $37M in 2022.

In 2017, Norway exported $19.6M to Uruguay. The main products exported from Norway to Uruguay were Processed Crustaceans ($13.4M), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.12M), and Iron Pipes ($907k). During the last 5 years the exports of Norway to Uruguay have increased at an annualized rate of 3.2%, from $13.8M in 2022 to $19.6M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Norway (Flag)

Uruguay Exports

Norway Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
Norway
Top Destination
Germany$78.1B

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

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

In 2022, countries that imported more from Norway than Uruguay included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Uruguay - Norway

Flow
Scale

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

During 2022, Uruguay had a large net trade with Norway in the exports of Foodstuffs ($18.9M), Animal Products ($13M), and Metals ($3.48M).

During 2017, Norway had a large net trade with Uruguay in the exports of Foodstuffs ($13.7M), Textiles ($1.22M), and Machines ($1.17M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Norway+$496kBovine Meat
Top Product Potential Norway Uruguay+$237kPesticides

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 Uruguay and Norway. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Uruguay.

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

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