2023
Exports
$150MWorld Rnk 5 / 93
Flag Rnk 16 / 902
2023
PRODUCT COMPLEXITY IN Bovine, Sheep, and Goat Fat
-0.68Rnk 756 / 1025
2023
Imports
$48.2MWorld Rnk 8 / 155
Flag Rnk 50 / 1152
2023
ECONOMIC COMPLEXITY of Uruguay
0.22Rnk 52 / 132

About

Exports In 2023, Uruguay exported $150M in Bovine, Sheep, and Goat Fat, making it the 5th largest exporter of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 16th most exported product in Uruguay. The main destination of Bovine, Sheep, and Goat Fat exports from Uruguay are: United States ($104M), Mexico ($15.1M), Singapore ($13.8M), China ($7.81M), and Brazil ($3.15M).

The fastest growing export markets for Bovine, Sheep, and Goat Fat of Uruguay between 2022 and 2023 were United States ($45.5M), Mexico ($15.1M), and Singapore ($761k).

Imports In 2023, Uruguay imported $48.2M in Bovine, Sheep, and Goat Fat, becoming the 8th largest importer of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 50th most imported product in Uruguay. Uruguay imports Bovine, Sheep, and Goat Fat primarily from: Argentina ($32.1M) and Paraguay ($16.1M).

The fastest growing import markets in Bovine, Sheep, and Goat Fat for Uruguay between 2022 and 2023 were Paraguay ($13.6M) and Argentina ($13.2M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bovine, Sheep, and Goat Fat. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$150M
IMPORTS (2023)$48.2M
NET TRADE (2023)$101M

In 2023, Uruguay exported $150M in Bovine, Sheep, and Goat Fat. The main destinations of Uruguay exports on Bovine, Sheep, and Goat Fat were United States ($104M), Mexico ($15.1M), Singapore ($13.8M), China ($7.81M), and Brazil ($3.15M).

In 2023, Uruguay imported $48.2M in Bovine, Sheep, and Goat Fat, mainly from Argentina ($32.1M) and Paraguay ($16.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bovine, Sheep, and Goat Fat EXPORT MARKETS FOR Uruguay WERE (2022 - 2023):
United States$45.5M (77.2%)
Mexico$15.1M (1%)
Singapore$761k (5.83%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine, Sheep, and Goat Fat BY Uruguay WERE (2022 - 2023):
Brazil-$18.3M (-85.3%)
Argentina-$5.64M (-100%)
Netherlands-$5.58M (-95.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Uruguay's main exporting competitors in Bovine, Sheep, and Goat Fat were:
In 2023, Uruguay's main importing competitors in Bovine, Sheep, and Goat Fat were:

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Trade Value of Bovine, Sheep, and Goat Fat by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $3.24M
TOP IMPORT POTENTIALBrazil+ $2.46k

Bovine, Sheep, and Goat Fat’s highest export potential is China. With an export gap of $3.24M.   Bovine, Sheep, and Goat Fat’s highest import potential is Brazil with an import gap of $2.46k.

See methodology.

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