2022
Exports
$139MWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2022
Imports
$1.07BWorld Rnk 53 / 159
Flag Rnk 1 / 1152
2023
ECONOMIC COMPLEXITY of Uruguay
0.22Rnk 52 / 132

About

Imports In 2023, Uruguay imported $1.07B in Crude Petroleum, becoming the 53rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Uruguay. Uruguay imports Crude Petroleum primarily from: Nigeria ($513M), United States ($314M), Brazil ($212M), and Argentina ($34.2M).

The fastest growing import markets in Crude Petroleum for Uruguay between 2022 and 2023 were Nigeria ($254M).

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 Crude Petroleum. 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)$139M
IMPORTS (2023)$1.07B
NET TRADE (2023)-$1.07B

In 2023, Uruguay imported $1.07B in Crude Petroleum, mainly from Nigeria ($513M), United States ($314M), Brazil ($212M), and Argentina ($34.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Uruguay WERE (N/A - 2022):
Singapore-$93M (-100%)
South Korea-$46.5M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Uruguay's main exporting competitors in Crude Petroleum were:
In 2023, Uruguay's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $14.2M
TOP IMPORT POTENTIALBrazil+ $107M

Crude Petroleum’s highest export potential is South Korea. With an export gap of $14.2M.   Crude Petroleum’s highest import potential is Brazil with an import gap of $107M.

See methodology.

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