2022
Flag  
GDP
$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
 GDP
$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC 
$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH
11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC
$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH
29.3%CURRENT US$
Rnk 65 / 186

About

Netherlands-Uruguay Trade: In 2022, Netherlands exported $117M 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 0.032%, from $116M in 2017 to $117M 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 $587M 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 4.54%,  from $471M in 2017 to $587M 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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $117M 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 0.032%, from $116M in 2017 to $117M in 2022.

In 2017, Uruguay exported $587M 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 5 years the exports of Uruguay to Netherlands have increased at an annualized rate of 4.54%, from $471M in 2022 to $587M in 2017.

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

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

Market Competitiveness

Color
Netherlands
Top Destination
Germany$131B
Uruguay
Top Destination
China$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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