2022
Exports
$301MWorld Rnk 62 / 210
Flag Rnk 10 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$183MWorld Rnk 103 / 224
Flag Rnk 19 / 96
2022
ECONOMIC COMPLEXITY of Uruguay
0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $301M in Animal or vegetable fats, oils, & waxes, making it the 62nd largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 10th most exported product in Uruguay. The main destination of Animal or vegetable fats, oils, & waxes exports from Uruguay are: Brazil ($117M), United States ($56.8M), Argentina ($38.2M), Netherlands ($16.8M), and Chile ($16.4M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Uruguay between 2021 and 2022 were United States ($43.9M), Brazil ($24.5M), and Chile ($12.6M).

Imports In 2022, Uruguay imported $183M in Animal or vegetable fats, oils, & waxes, becoming the 103rd largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 19th most imported product in Uruguay. Uruguay imports Animal or vegetable fats, oils, & waxes primarily from: Denmark ($52.5M), Argentina ($52M), Brazil ($37.6M), United States ($10M), and Indonesia ($8.21M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Uruguay between 2021 and 2022 were Argentina ($29.9M), Denmark ($21.1M), and Brazil ($7.19M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Animal or vegetable fats, oils, & waxes. 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)$301M
IMPORTS (2022)$183M
NET TRADE (2022)$118M

In 2022, Uruguay exported $301M in Animal or vegetable fats, oils, & waxes. The main destinations of Uruguay exports on Animal or vegetable fats, oils, & waxes were Brazil ($117M), United States ($56.8M), Argentina ($38.2M), Netherlands ($16.8M), and Chile ($16.4M).

In 2022, Uruguay imported $183M in Animal or vegetable fats, oils, & waxes, mainly from Denmark ($52.5M), Argentina ($52M), Brazil ($37.6M), United States ($10M), and Indonesia ($8.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
United States$43.9M (339%)
Brazil$24.5M (26.5%)
Chile$12.6M (336%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Uruguay WERE (2021 - 2022):
Spain-$11.8M (-67.9%)
China-$9.97M (-54.5%)
South Africa-$7.85M (-88%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Uruguay's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Uruguay's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $3.97M
TOP IMPORT POTENTIALIndonesia+ $4.53M

Animal or vegetable fats, oils, & waxes’s highest export potential is United States. With an export gap of $3.97M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Indonesia with an import gap of $4.53M.

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