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Pricing

2023
Flag → Flag
Exports $10.4MRnk 65 / 166
2023
Flag → Flag
Top Product $4.26MSulfate Chemical Woodpulp
2023
Flag → Flag
Exports $70.9MRnk 71 / 206
2023
Flag → Flag
Top Product $12.7MOther Agricultural Machinery
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
GDP PC $22,798CURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Uruguay-Finland Trade: In 2023, Uruguay exported $10.4M to Finland. The main products that Uruguay exported to Finland were Sulfate Chemical Woodpulp ($4.26M), Iron Structures ($2.02M), and Bovine Meat ($1.86M). Over the past 5 years the exports of Uruguay to Finland have decreased at an annualized rate of 21.2%, from $34.4M in 2018 to $10.4M in 2023.

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

Finland-Uruguay Trade: In 2023, Finland exported $70.9M to Uruguay. The main products that Finland exported to Uruguay were Other Agricultural Machinery ($12.7M), Papermaking Machines ($7.73M), and Delivery Trucks ($6.73M). Over the past 5 years the exports of Finland to Uruguay have increased at an annualized rate of 4.87%,  from $55.9M in 2018 to $70.9M in 2023.

In 2020, Finland exported services to Uruguay worth $92.5M, with Other business services ($73.1M), Computer and information services ($14.8M), and Construction services ($2.28M) being the largest in terms of value.

Comparison: In 2023,  Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Uruguay exported $10.4M to Finland. The main products exported from Uruguay to Finland were Sulfate Chemical Woodpulp ($4.26M), Iron Structures ($2.02M), and Bovine Meat ($1.86M). During the last 5 years the exports of Uruguay to Finland have decreased at an annualized rate of 21.2%, from $34.4M in 2018 to $10.4M in 2023.

In 2018, Finland exported $70.9M to Uruguay. The main products exported from Finland to Uruguay were Other Agricultural Machinery ($12.7M), Papermaking Machines ($7.73M), and Delivery Trucks ($6.73M). During the last 5 years the exports of Finland to Uruguay have increased at an annualized rate of 4.87%, from $55.9M in 2023 to $70.9M in 2018.

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

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

Latest Data

Trade between Uruguay (Flag) and Finland (Flag)

Uruguay Exports

Finland Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.34B
Finland
Top DestinationUnited States$9.68B

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

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

In 2023, countries that imported more from Finland than Uruguay included Germany ($9.26B), United States ($9.68B), and Sweden ($8.13B).

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

Comparative Advantage Uruguay - Finland

Flow
Scale

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

During 2023, Uruguay had a large net trade with Finland in the exports of Paper Goods ($4.26M), Animal Products ($2.79M), and Metals ($2.19M).

During 2018, Finland had a large net trade with Uruguay in the exports of Machines ($43.6M), Transportation ($8.63M), and Metals ($4.53M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Finland+$907kFrozen Bovine Meat
Top Product Potential Finland Uruguay+$1.02MTelephones

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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Bilateral Service Trade

In 2020, Finland exported services to Uruguay worth $92.5M, with Other business services ($73.1M), Computer and information services ($14.8M), and Construction services ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Uruguay (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Uruguay (Flag) and Finland (Flag) (2023)

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