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2022
Flag → Flag
Exports $43.3MRnk 93 / 217
2022
Flag → Flag
Top Product $4.35MOther Agricultural Machinery
2022
Flag → Flag
Exports $6.15MRnk 77 / 168
2022
Flag → Flag
Top Product $3.43MFuel Wood
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
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GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
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GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Sweden-Uruguay Trade: In 2022, Sweden exported $43.3M 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 11.6%, from $25M in 2017 to $43.3M 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.

Uruguay-Sweden Trade: In 2022, Uruguay exported $6.15M 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 decreased at an annualized rate of 13.4%,  from $12.6M in 2017 to $6.15M in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Latest Trends

February, 2024

About

Overview In February 2024, Sweden exported SEK31.6M and imported SEK5.54M from Uruguay, resulting in a positive trade balance of SEK26M. Between February 2023 and February 2024 the exports of Sweden have increased by SEK5.74M (22.2%) from SEK25.9M to SEK31.6M, while imports increased by SEK3.44M (164%) from SEK2.1M to SEK5.54M.

Trade In February 2024, the top exports of Sweden to Uruguay were Hard Liquor (SEK3.82M), Delivery Trucks (SEK3.29M), Valves (SEK2.56M), Other Vegetable Oils (SEK2.54M), and Excavation Machinery (SEK1.62M). In February 2024 the top imports of Sweden from Uruguay were Bovine Meat (SEK1.35M), Wine (SEK297k), Precious Stones (SEK4k), Other Agricultural Machinery (SEK3k), and Brochures (SEK2k).

Growth In February 2024, the increase in Sweden's year-by-year exports to Uruguay was explained primarily by an increase in product exports in Valves (SEK2.29M or 859%), Excavation Machinery (SEK1.61M or 10.7k%), and Liquid Pumps (SEK412k or 199%). In February 2024, the increase in Sweden's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Wine (SEK23k or 8.39%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)SEK5.74M(22.2%)
IMPORT GROWTH (February 2023 - February 2024)SEK3.44M(164%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $43.3M 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 11.6%, from $25M in 2017 to $43.3M in 2022.

In 2017, Uruguay exported $6.15M 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 22 years the exports of Uruguay to Sweden have decreased at an annualized rate of 13.4%, from $12.6M in 1995 to $6.15M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Uruguay
Top DestinationChina$2.89B

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

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

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

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

Comparative Advantage Sweden - Uruguay

Flow
Scale

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

During 2022, Sweden had a large net trade with Uruguay in the exports of Machines ($21.1M), Chemical Products ($6.34M), and Transportation ($4.67M).

During 2017, Uruguay had a large net trade with Sweden in the exports of Animal Products ($3.76M), Wood Products ($3.43M), and Foodstuffs ($581k).

Economic Complexity

Competitive Landscape

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

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

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