2022
Flag  
GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 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
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Uruguay-Sweden Trade: In 2022, Uruguay exported $8.76M to Sweden. The main products that Uruguay exported to Sweden were Fuel Wood ($3.43M), Bovine Meat ($2.71M), and Frozen Bovine Meat ($1.05M). Over the past 5 years the exports of Uruguay to Sweden have increased at an annualized rate of 7.35%, from $6.15M in 2017 to $8.76M in 2022.

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

Sweden-Uruguay Trade: In 2022, Sweden exported $44.6M to Uruguay. The main products that Sweden exported to Uruguay were Other Agricultural Machinery ($4.35M), Packaged Medicaments ($3.75M), and Lifting Machinery ($3.66M). Over the past 5 years the exports of Sweden to Uruguay have increased at an annualized rate of 0.63%,  from $43.3M in 2017 to $44.6M in 2022.

In 2020, Sweden exported services to Uruguay worth $34.3M, with Personal, cultural, and recreational services ($12.3M), Construction services ($7.42M), and Computer and information services ($7.42M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Uruguay exported $8.76M to Sweden. The main products exported from Uruguay to Sweden were Fuel Wood ($3.43M), Bovine Meat ($2.71M), and Frozen Bovine Meat ($1.05M). During the last 5 years the exports of Uruguay to Sweden have increased at an annualized rate of 7.35%, from $6.15M in 2017 to $8.76M in 2022.

In 2017, Sweden exported $44.6M to Uruguay. The main products exported from Sweden to Uruguay were Other Agricultural Machinery ($4.35M), Packaged Medicaments ($3.75M), and Lifting Machinery ($3.66M). During the last 5 years the exports of Sweden to Uruguay have increased at an annualized rate of 0.63%, from $43.3M in 2022 to $44.6M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Sweden (Flag)

Uruguay Exports

Sweden Exports

Market Competitiveness

Color
Uruguay
Top Destination
China$2.89B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Uruguay than Sweden included Argentina ($999M), Paraguay ($149M), and Guatemala ($128M).

In 2022, countries that imported more from Sweden than Uruguay included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Uruguay - Sweden

Flow
Scale

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

During 2022, Uruguay had a large net trade with Sweden in the exports of Animal Products ($3.76M), Wood Products ($3.43M), and Foodstuffs ($581k).

During 2017, Sweden had a large net trade with Uruguay in the exports of Machines ($21.1M), Chemical Products ($6.34M), and Transportation ($4.67M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Sweden+$1.45MBovine Meat
Top Product Potential Sweden Uruguay+$3.43MCars

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, Sweden exported services to Uruguay worth $34.3M, with Personal, cultural, and recreational services ($12.3M), Construction services ($7.42M), and Computer and information services ($7.42M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (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 Sweden. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Uruguay.

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

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