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2022
Exports $119MWorld Rnk 69 / 149
Flag Rnk 16 / 918
2022
Destination $79.4M Singapore
2021 - 2022
FASTEST GROWING MARKET $79.4MSingapore
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $1.93BWorld Rnk 49 / 158
Flag Rnk 1 / 1152
2022
Origin $916M United States
2021 - 2022
FASTEST GROWING ORIGIN $916MUnited States
2022
ECONOMIC COMPLEXITY of Uruguay0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $119M in Crude Petroleum, making it the 69th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 16th most exported product in Uruguay. The main destination of Crude Petroleum exports from Uruguay are: Singapore ($79.4M) and South Korea ($39.6M).

The fastest growing export markets for Crude Petroleum of Uruguay between 2021 and 2022 were Singapore ($79.4M) and South Korea ($39.6M).

Imports In 2022, Uruguay imported $1.93B in Crude Petroleum, becoming the 49th 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: United States ($1.28B), Brazil ($346M), Nigeria ($259M), and Argentina ($40M).

The fastest growing import markets in Crude Petroleum for Uruguay between 2021 and 2022 were United States ($916M), Brazil ($346M), and Argentina ($40M).

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 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)$119M
IMPORTS (2022)$1.93B
NET TRADE (2022)-$1.81B

In 2022, Uruguay exported $119M in Crude Petroleum. The main destinations of Uruguay exports on Crude Petroleum were Singapore ($79.4M) and South Korea ($39.6M).

In 2022, Uruguay imported $1.93B in Crude Petroleum, mainly from United States ($1.28B), Brazil ($346M), Nigeria ($259M), and Argentina ($40M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
Singapore$79.4M (1%)
South Korea$39.6M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Uruguay WERE (2021 - 2022):Greece-$31 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Uruguay's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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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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