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2023
Flag → Flag
Exports $16MRnk 95 / 205
2023
Flag → Flag
Top Product $12.3MProcessed Crustaceans
2023
Flag → Flag
Exports $45.4MRnk 36 / 166
2023
Flag → Flag
Top Product $32.6MAnimal Meal and Pellets
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Norway-Uruguay Trade: In 2023, Norway exported $16M to Uruguay. The main products that Norway exported to Uruguay were Processed Crustaceans ($12.3M), Liquid Pumps ($565k), and Pesticides ($555k). Over the past 5 years the exports of Norway to Uruguay have decreased at an annualized rate of 30.1%, from $96M in 2018 to $16M in 2023.

In 2023, Norway did not export any services to Uruguay.

Uruguay-Norway Trade: In 2023, Uruguay exported $45.4M to Norway. The main products that Uruguay exported to Norway were Animal Meal and Pellets ($32.6M), Frozen Bovine Meat ($9.4M), and Iron Pipes ($1.36M). Over the past 5 years the exports of Uruguay to Norway have increased at an annualized rate of 1.61%,  from $41.9M in 2018 to $45.4M in 2023.

In 2023, Uruguay did not export any services to Norway.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Latest Trends

January, 2025

About

Overview In January 2025, Norway exported NOK3.11M and imported NOK12.8M from Uruguay, resulting in a negative trade balance of NOK9.66M. Between January 2024 and January 2025 the exports of Norway have increased by NOK714k (29.8%) from NOK2.39M to NOK3.11M, while imports decreased by NOK-453k (-3.43%) from NOK13.2M to NOK12.8M.

Growth In January 2025, the increase in Norway's year-by-year exports to Uruguay was explained primarily by an increase in product exports in General industrial machinery and equipment, n.e.s.,... (NOK800k or 584%), Power-generating machinery and equipment (NOK360k or 336%), and Telecommunications and sound-recording and reproducing apparatus... (NOK107k or 130%). In January 2025, the decrease in Norway's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in Textile fibres (other than wool tops... (NOK-1.04M or -100%), Cork and wood (NOK-497k or -100%), and Cork and wood manufactures (excluding furniture) (NOK-23k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (January 2024 - January 2025)NOK714k(29.8%)
IMPORT GROWTH (January 2024 - January 2025)NOK-453k(-3.43%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $16M to Uruguay. The main products exported from Norway to Uruguay were Processed Crustaceans ($12.3M), Liquid Pumps ($565k), and Pesticides ($555k). During the last 5 years the exports of Norway to Uruguay have decreased at an annualized rate of 30.1%, from $96M in 2018 to $16M in 2023.

In 2018, Uruguay exported $45.4M to Norway. The main products exported from Uruguay to Norway were Animal Meal and Pellets ($32.6M), Frozen Bovine Meat ($9.4M), and Iron Pipes ($1.36M). During the last 5 years the exports of Uruguay to Norway have increased at an annualized rate of 1.61%, from $41.9M in 2023 to $45.4M in 2018.

Exports from Norway (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Uruguay
Top DestinationChina$2.34B

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 2023, countries that imported more from Norway than Uruguay included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

In 2023, countries that imported more from Uruguay than Norway included Brazil ($1.92B), Argentina ($569M), and Paraguay ($124M).

Difference in imports from Uruguay (Flag) and Norway (Flag) (2023)

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 2023, Norway had a large net trade with Uruguay in the exports of Foodstuffs ($12.3M), Machines ($1.23M), and Chemical Products ($852k).

During 2018, Uruguay had a large net trade with Norway in the exports of N/A.

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) (2023)

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