2023
Exports
$703MWorld Rnk 30 / 195
Flag Rnk 4 / 96
2023
PRODUCT COMPLEXITY IN Cereals
-0.28Rnk 640 / 1025
2023
Imports
$228MWorld Rnk 101 / 224
Flag Rnk 14 / 96
2023
ECONOMIC COMPLEXITY of Uruguay
0.22Rnk 52 / 132

About

Exports In 2023, Uruguay exported $703M in Cereals, making it the 30th largest exporter of Cereals in the world. At the same year, Cereals was the 4th most exported product in Uruguay. The main destination of Cereals exports from Uruguay are: Brazil ($220M), Peru ($49.7M), Mexico ($45.7M), Belgium ($44.9M), and Venezuela ($39M).

The fastest growing export markets for Cereals of Uruguay between 2022 and 2023 were Brazil ($105M), Panama ($37.9M), and Belgium ($26.5M).

Imports In 2023, Uruguay imported $228M in Cereals, becoming the 101st largest importer of Cereals in the world. At the same year, Cereals was the 14th most imported product in Uruguay. Uruguay imports Cereals primarily from: Argentina ($105M), Paraguay ($103M), Denmark ($9.84M), Brazil ($7.74M), and United States ($816k).

The fastest growing import markets in Cereals for Uruguay between 2022 and 2023 were Argentina ($71.3M), Paraguay ($66.2M), and Denmark ($9.84M).

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 Cereals. 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)$703M
IMPORTS (2023)$228M
NET TRADE (2023)$476M

In 2023, Uruguay exported $703M in Cereals. The main destinations of Uruguay exports on Cereals were Brazil ($220M), Peru ($49.7M), Mexico ($45.7M), Belgium ($44.9M), and Venezuela ($39M).

In 2023, Uruguay imported $228M in Cereals, mainly from Argentina ($105M), Paraguay ($103M), Denmark ($9.84M), Brazil ($7.74M), and United States ($816k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cereals EXPORT MARKETS FOR Uruguay WERE (2022 - 2023):
Brazil$105M (90.7%)
Panama$37.9M (33.6k%)
Belgium$26.5M (144%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereals BY Uruguay WERE (2022 - 2023):
Mexico-$48.4M (-51.4%)
Algeria-$18.9M (-100%)
Venezuela-$14M (-26.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Uruguay's main exporting competitors in Cereals were:
In 2023, Uruguay's main importing competitors in Cereals were:
Japan $7.63B
Mexico $7.39B

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Trade Value of Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $3.85M
TOP IMPORT POTENTIALArgentina+ $16.3M

Cereals’s highest export potential is Brazil. With an export gap of $3.85M.   Cereals’s highest import potential is Argentina with an import gap of $16.3M.

See methodology.

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