Sign In
Pricing

2022
Flag → Flag
Exports $19.6MRnk 93 / 209
2022
Flag → Flag
Top Product $13.4MProcessed Crustaceans
2022
Flag → Flag
Exports $37MRnk 39 / 168
2022
Flag → Flag
Top Product $18.8MAnimal Meal and Pellets
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

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 7.17%, from $13.8M in 2017 to $19.6M in 2022.

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

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.

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

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK5.09M and imported NOK80.8M from Uruguay, resulting in a negative trade balance of NOK75.7M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-99M (-95.1%) from NOK104M to NOK5.09M, while imports increased by NOK36.8M (83.7%) from NOK44M to NOK80.8M.

Trade In October 2024, the top exports of Norway to Uruguay were Fish (not marine mammals), crustaceans, molluscs... (NOK20.1M), Chemical materials and products, n.e.s. (NOK1.69M), Paper, paperboard and articles of paper... (NOK1.37M), Machinery specialized for particular industries (NOK1.17M), and General industrial machinery and equipment, n.e.s.,... (NOK137k). In October 2024 the top imports of Norway from Uruguay were Meat and meat preparations (NOK7.84M), Textile fibres (other than wool tops... (NOK1.04M), Cork and wood (NOK497k), Special transactions and commodities not classified... (NOK223k), and Cork and wood manufactures (excluding furniture) (NOK23k).

Growth In October 2024, the decrease in Norway's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Professional, scientific and controlling instruments and... (NOK-965k or -98.9%), Miscellaneous manufactured articles, n.e.s. (NOK-381k or -85.4%), and Articles of apparel and clothing accessories (NOK-259k or -100%). In October 2024, the increase in Norway's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Cork and wood (NOK146k or 41.6%) and Special transactions and commodities not classified... (NOK59k or 36%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-99M(-95.1%)
IMPORT GROWTH (October 2023 - October 2024)NOK36.8M(83.7%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Uruguay and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 7.17%, from $13.8M in 2017 to $19.6M in 2022.

In 2017, 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 2022 to $37M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Uruguay
Top DestinationChina$2.89B

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

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

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

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

Comparative Advantage Norway - Uruguay

Flow
Scale

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

During 2022, Norway had a large net trade with Uruguay in the exports of Foodstuffs ($13.7M), Textiles ($1.22M), and Machines ($1.17M).

During 2017, Uruguay had a large net trade with Norway in the exports of Foodstuffs ($18.9M), Animal Products ($13M), and Metals ($3.48M).

Potential Exports

Potential Exports

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

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms