Uruguay (URY) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Uruguay-Sweden Trade: In 2023, Uruguay exported $9.12M to Sweden. The main products that Uruguay exported to Sweden were Fuel Wood ($4.98M), Bovine Meat ($2.42M), and Frozen Bovine Meat ($922k). Over the past 5 years the exports of Uruguay to Sweden have decreased at an annualized rate of 15%, from $20.6M in 2018 to $9.12M in 2023.

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

Sweden-Uruguay Trade: In 2023, Sweden exported $49.2M to Uruguay. The main products that Sweden exported to Uruguay were Other Agricultural Machinery ($4.33M), Washing and Bottling Machines ($4.14M), and Lifting Machinery ($3.73M). Over the past 5 years the exports of Sweden to Uruguay have increased at an annualized rate of 8.89%, from $32.2M in 2018 to $49.2M in 2023.

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.

Comparison: In 2023, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $9.12M to Sweden. The main products exported from Uruguay to Sweden were Fuel Wood ($4.98M), Bovine Meat ($2.42M), and Frozen Bovine Meat ($922k). During the last 5 years the exports of Uruguay to Sweden have decreased at an annualized rate of 15%, from $20.6M in 2018 to $9.12M in 2023.

In 2018, Sweden exported $49.2M to Uruguay. The main products exported from Sweden to Uruguay were Other Agricultural Machinery ($4.33M), Washing and Bottling Machines ($4.14M), and Lifting Machinery ($3.73M). During the last 5 years the exports of Sweden to Uruguay have increased at an annualized rate of 8.89%, from $32.2M in 2023 to $49.2M in 2018.

Exports from Uruguay () to Sweden () (2023)

Exports from Sweden () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Sweden ()

Uruguay Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Uruguay than Sweden included Argentina ($569M), Guatemala ($157M), and Paraguay ($124M).

In 2023, countries that imported more from Sweden than Uruguay included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

Difference in imports from Sweden () and Uruguay () (2023)

Comparative Advantage Uruguay - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Sweden in the exports of Wood Products ($4.98M), Animal Products ($3.34M), and Vegetable Products ($271k).

During 2018, Sweden had a large net trade with Uruguay in the exports of Machines ($25.8M), Transportation ($8.27M), and Chemical Products ($4.42M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Sweden+$1.45MBovine Meat

Top Product Potential Sweden Uruguay+$3.43MCars

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

Swe Year

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.

Service trade data is presented based on availability.

Services Exports from Sweden () to Uruguay () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Sweden () (2023)

Exports from Sweden () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Sweden ()

Uruguay Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Uruguay () (2023)

Comparative Advantage Uruguay - Sweden

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Sweden () to Uruguay () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Sweden () (2023)

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