2022
Exports
$8.51MWorld Rnk 56 / 152
Flag Rnk 95 / 918
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$24.1MWorld Rnk 85 / 211
Flag Rnk 119 / 1152
2022
ECONOMIC COMPLEXITY of Uruguay
0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $8.51M in Seed Oils, making it the 56th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 95th most exported product in Uruguay. The main destination of Seed Oils exports from Uruguay are: Brazil ($3.96M), Ecuador ($2.19M), Costa Rica ($1.23M), Chile ($553k), and United States ($535k).

The fastest growing export markets for Seed Oils of Uruguay between 2021 and 2022 were Brazil ($2.74M), Ecuador ($2.19M), and Costa Rica ($1.23M).

Imports In 2022, Uruguay imported $24.1M in Seed Oils, becoming the 85th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 119th most imported product in Uruguay. Uruguay imports Seed Oils primarily from: Argentina ($23.1M), Brazil ($980k), United States ($47.8k), Spain ($25.8k), and Germany ($583).

The fastest growing import markets in Seed Oils for Uruguay between 2021 and 2022 were Argentina ($17.5M), Brazil ($443k), and United States ($18.2k).

Latest Trends

Jul 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 Seed Oils. 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)$8.51M
IMPORTS (2022)$24.1M
NET TRADE (2022)-$15.6M

In 2022, Uruguay exported $8.51M in Seed Oils. The main destinations of Uruguay exports on Seed Oils were Brazil ($3.96M), Ecuador ($2.19M), Costa Rica ($1.23M), Chile ($553k), and United States ($535k).

In 2022, Uruguay imported $24.1M in Seed Oils, mainly from Argentina ($23.1M), Brazil ($980k), United States ($47.8k), Spain ($25.8k), and Germany ($583).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
Brazil$2.74M (224%)
Ecuador$2.19M (1%)
Costa Rica$1.23M (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Uruguay's main importing competitors in Seed Oils were:

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $563k
TOP IMPORT POTENTIALArgentina+ $1.42M

Seed Oils’s highest export potential is United States. With an export gap of $563k.   Seed Oils’s highest import potential is Argentina with an import gap of $1.42M.

See methodology.

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