2023
Exports
$16.7MWorld Rnk 48 / 153
Flag Rnk 61 / 902
2023
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.17Rnk 610 / 1025
2023
Imports
$1.86MWorld Rnk 125 / 223
Flag Rnk 530 / 1152
2023
ECONOMIC COMPLEXITY of Uruguay
0.22Rnk 52 / 132

About

Exports In 2023, Uruguay exported $16.7M in Fermented Milk Products, making it the 48th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 61st most exported product in Uruguay. The main destination of Fermented Milk Products exports from Uruguay are: Brazil ($16.1M), Thailand ($391k), Singapore ($147k), and Philippines ($50.4k).

The fastest growing export markets for Fermented Milk Products of Uruguay between 2022 and 2023 were Brazil ($4.48M).

Imports In 2023, Uruguay imported $1.86M in Fermented Milk Products, becoming the 125th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 530th most imported product in Uruguay. Uruguay imports Fermented Milk Products primarily from: Argentina ($1.04M), Brazil ($789k), United States ($26.7k), Netherlands ($253), and Germany ($93).

The fastest growing import markets in Fermented Milk Products for Uruguay between 2022 and 2023 were Brazil ($69.9k).

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 Fermented Milk Products. 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)$16.7M
IMPORTS (2023)$1.86M
NET TRADE (2023)$14.8M

In 2023, Uruguay exported $16.7M in Fermented Milk Products. The main destinations of Uruguay exports on Fermented Milk Products were Brazil ($16.1M), Thailand ($391k), Singapore ($147k), and Philippines ($50.4k).

In 2023, Uruguay imported $1.86M in Fermented Milk Products, mainly from Argentina ($1.04M), Brazil ($789k), United States ($26.7k), Netherlands ($253), and Germany ($93).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Uruguay WERE (2022 - 2023):Brazil$4.48M (38.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Uruguay WERE (2022 - 2023):
Philippines-$2.14M (-97.7%)
Thailand-$493k (-55.8%)
Singapore-$283k (-65.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Uruguay's main exporting competitors in Fermented Milk Products were:
In 2023, Uruguay's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $62.6k
TOP IMPORT POTENTIALUnited States+ $35.9k

Fermented Milk Products’s highest export potential is Singapore. With an export gap of $62.6k.   Fermented Milk Products’s highest import potential is United States with an import gap of $35.9k.

See methodology.

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