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2022
Exports $16.6MWorld Rnk 45 / 128
Flag Rnk 65 / 918
2022
Destination $4.23M Netherlands
2021 - 2022
FASTEST GROWING MARKET $4.23MIndia
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $24.3MWorld Rnk 48 / 130
Flag Rnk 118 / 1152
2022
Origin $22.9M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $22.9MBrazil
2022
ECONOMIC COMPLEXITY of Uruguay0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $16.6M in Iron Ore, making it the 45th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 65th most exported product in Uruguay. The main destination of Iron Ore exports from Uruguay are: Netherlands ($12.4M), India ($4.23M), South Korea ($5.99k), and Luxembourg ($18).

The fastest growing export markets for Iron Ore of Uruguay between 2021 and 2022 were India ($4.23M) and Luxembourg ($18).

Imports In 2022, Uruguay imported $24.3M in Iron Ore, becoming the 48th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 118th most imported product in Uruguay. Uruguay imports Iron Ore primarily from: Brazil ($24.3M).

The fastest growing import markets in Iron Ore for Uruguay between 2021 and 2022 were Brazil ($22.9M).

Latest Trends

Oct 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 Iron Ore. 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 (2022)$16.6M
IMPORTS (2022)$24.3M
NET TRADE (2022)-$7.64M

In 2022, Uruguay exported $16.6M in Iron Ore. The main destinations of Uruguay exports on Iron Ore were Netherlands ($12.4M), India ($4.23M), South Korea ($5.99k), and Luxembourg ($18).

In 2022, Uruguay imported $24.3M in Iron Ore, mainly from Brazil ($24.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
India$4.23M (1%)
Luxembourg$18 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Uruguay WERE (2021 - 2022):
Netherlands-$16.3M (-56.8%)
South Korea-$716 (-10.7%)
Spain-$448 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Uruguay's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $54.6k
TOP IMPORT POTENTIALBrazil+ $11M

Iron Ore’s highest export potential is South Korea. With an export gap of $54.6k.   Iron Ore’s highest import potential is Brazil with an import gap of $11M.

See methodology.

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