2022
Exports
$632MWorld Rnk 11 / 166
Flag Rnk 4 / 918
2022
PRODUCT COMPLEXITY IN Concentrated Milk
-0.77Rnk 774 / 1025
2022
Imports
$3.81MWorld Rnk 162 / 224
Flag Rnk 416 / 1152
2022
ECONOMIC COMPLEXITY of Uruguay
0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $632M in Concentrated Milk, making it the 11th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 4th most exported product in Uruguay. The main destination of Concentrated Milk exports from Uruguay are: Algeria ($207M), Brazil ($178M), China ($83.3M), Cuba ($28.2M), and Panama ($19.8M).

The fastest growing export markets for Concentrated Milk of Uruguay between 2021 and 2022 were Brazil ($68.2M), Algeria ($28.9M), and Egypt ($8.09M).

Imports In 2022, Uruguay imported $3.81M in Concentrated Milk, becoming the 162nd largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 416th most imported product in Uruguay. Uruguay imports Concentrated Milk primarily from: Argentina ($2.17M), Belgium ($715k), United States ($515k), Ireland ($216k), and Brazil ($109k).

The fastest growing import markets in Concentrated Milk for Uruguay between 2021 and 2022 were Argentina ($1.91M), Belgium ($715k), and Spain ($40.1k).

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 Concentrated Milk. 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)$632M
IMPORTS (2022)$3.81M
NET TRADE (2022)$628M

In 2022, Uruguay exported $632M in Concentrated Milk. The main destinations of Uruguay exports on Concentrated Milk were Algeria ($207M), Brazil ($178M), China ($83.3M), Cuba ($28.2M), and Panama ($19.8M).

In 2022, Uruguay imported $3.81M in Concentrated Milk, mainly from Argentina ($2.17M), Belgium ($715k), United States ($515k), Ireland ($216k), and Brazil ($109k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
Brazil$68.2M (62.1%)
Algeria$28.9M (16.2%)
Egypt$8.09M (175%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Uruguay WERE (2021 - 2022):
China-$72.6M (-46.6%)
Chile-$6.65M (-61.1%)
Malaysia-$2.81M (-83.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Concentrated Milk were:
In 2022, Uruguay's main importing competitors in Concentrated Milk were:
China $3.96B
Algeria $1.62B
Mexico $1.37B

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $34.3M
TOP IMPORT POTENTIALArgentina+ $630k

Concentrated Milk’s highest export potential is China. With an export gap of $34.3M.   Concentrated Milk’s highest import potential is Argentina with an import gap of $630k.

See methodology.

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