2022
Exports
$793MWorld Rnk 7 / 139
Flag Rnk 3 / 918
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$24.3MWorld Rnk 54 / 200
Flag Rnk 117 / 1152
2022
ECONOMIC COMPLEXITY of Uruguay
0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $793M in Soybeans, making it the 7th largest exporter of Soybeans in the world. At the same year, Soybeans was the 3rd most exported product in Uruguay. The main destination of Soybeans exports from Uruguay are: China ($324M), Argentina ($256M), Egypt ($80.8M), Bangladesh ($54.5M), and Netherlands ($30.1M).

The fastest growing export markets for Soybeans of Uruguay between 2021 and 2022 were Argentina ($256M), China ($137M), and Bangladesh ($24.7M).

Imports In 2022, Uruguay imported $24.3M in Soybeans, becoming the 54th largest importer of Soybeans in the world. At the same year, Soybeans was the 117th most imported product in Uruguay. Uruguay imports Soybeans primarily from: Paraguay ($19.4M), Argentina ($4.63M), Bolivia ($272k), Brazil ($34.8k), and United States ($25.1k).

The fastest growing import markets in Soybeans for Uruguay between 2021 and 2022 were Paraguay ($8.31M) and Bolivia ($272k).

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 Soybeans. 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)$793M
IMPORTS (2022)$24.3M
NET TRADE (2022)$769M

In 2022, Uruguay exported $793M in Soybeans. The main destinations of Uruguay exports on Soybeans were China ($324M), Argentina ($256M), Egypt ($80.8M), Bangladesh ($54.5M), and Netherlands ($30.1M).

In 2022, Uruguay imported $24.3M in Soybeans, mainly from Paraguay ($19.4M), Argentina ($4.63M), Bolivia ($272k), Brazil ($34.8k), and United States ($25.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
Argentina$256M (160k%)
China$137M (73%)
Bangladesh$24.7M (83.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Uruguay WERE (2021 - 2022):
Turkey-$21.8M (-69.8%)
Egypt-$14.2M (-14.9%)
Russia-$5.4M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Soybeans were:
In 2022, Uruguay's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $128M
TOP IMPORT POTENTIALArgentina+ $3.46M

Soybeans’s highest export potential is China. With an export gap of $128M.   Soybeans’s highest import potential is Argentina with an import gap of $3.46M.

See methodology.

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