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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
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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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
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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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

September, 2024

About

Overview In September 2024, Norway exported NOK112M and imported NOK11.3M from Uruguay, resulting in a positive trade balance of NOK100M. Between September 2023 and September 2024 the exports of Norway have increased by NOK105M (1.46k%) from NOK7.18M to NOK112M, while imports decreased by NOK-19.1M (-62.8%) from NOK30.4M to NOK11.3M.

Trade In September 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 September 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 September 2024, the increase in Norway's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (NOK1.62M or 2.39k%), Paper, paperboard and articles of paper... (NOK1.27M or 1.24k%), and Fish (not marine mammals), crustaceans, molluscs... (NOK1.07M or 5.63%). In September 2024, the decrease in Norway's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in Meat and meat preparations (NOK-29.9M or -79.2%), Miscellaneous edible products and preparations (NOK-5k or -100%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-3k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)NOK105M(1.46k%)
IMPORT GROWTH (September 2023 - September 2024)NOK-19.1M(-62.8%)

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.

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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)

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