This study aims to evaluate the structural behaviour of dowel laminated timber (DLT) made of fast-growing pine and eucalyptus lamellae and different dowel diameters. Shear tests on dowelled connections and four-point bending tests on structural size panels were performed, and the slip modulus and bending properties, respectively, were obtained. The bending stiffness and strength of pine panels fastened with guatambú (5.05 and 20.05 kN/mm2) or eucalyptus dowels (5.29 and 17.13 kN/mm2), suggesting that dowel species had no influence on the panel’s bending properties. The analysis of the bending stiffness and strength of eucalyptus panels fastened with 18 mm (11.04 and 44.29 kN/mm2) or with 15 mm dowel diameter (11.06 and 51.50 kN/mm2) indicated that dowel diameter had no substantial influence on the bending properties. Furthermore, the stiffness values of the panels were similar to those of their constitutive individual lamellas, which, in turn, did not comply with the structural requirements of the Uruguayan Standard. Additional analytical results of the effective stiffness using the slip modulus were close to those found in the experimental bending tests. The results from this study are useful in understanding the mechanical behaviour of DLT panels and provide the basis for the improvement of Uruguayan mass timber products.