2023
Exports
$806kWorld Rnk 167 / 214
Flag Rnk 241 / 902
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$839MWorld Rnk 115 / 226
Flag Rnk 2 / 1152
2023
ECONOMIC COMPLEXITY of Uruguay
0.22Rnk 52 / 132

About

Exports In 2023, Uruguay exported $806k in Refined Petroleum, making it the 167th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 241st most exported product in Uruguay. The main destination of Refined Petroleum exports from Uruguay are: Jamaica ($292k), Colombia ($283k), Uganda ($157k), Chile ($39.1k), and Argentina ($17.3k).

The fastest growing export markets for Refined Petroleum of Uruguay between 2022 and 2023 were Jamaica ($292k), Colombia ($283k), and Uganda ($157k).

Imports In 2023, Uruguay imported $839M in Refined Petroleum, becoming the 115th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Uruguay. Uruguay imports Refined Petroleum primarily from: India ($170M), Netherlands ($147M), United States ($138M), Saudi Arabia ($136M), and Oman ($76.3M).

The fastest growing import markets in Refined Petroleum for Uruguay between 2022 and 2023 were Saudi Arabia ($136M), Netherlands ($119M), and Oman ($76.3M).

Latest Trends

Jan 2025

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 Refined 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 (2023)$806k
IMPORTS (2023)$839M
NET TRADE (2023)-$838M

In 2023, Uruguay exported $806k in Refined Petroleum. The main destinations of Uruguay exports on Refined Petroleum were Jamaica ($292k), Colombia ($283k), Uganda ($157k), Chile ($39.1k), and Argentina ($17.3k).

In 2023, Uruguay imported $839M in Refined Petroleum, mainly from India ($170M), Netherlands ($147M), United States ($138M), Saudi Arabia ($136M), and Oman ($76.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Uruguay WERE (2022 - 2023):
Jamaica$292k (1%)
Colombia$283k (1%)
Uganda$157k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Uruguay WERE (2022 - 2023):
Paraguay-$3.02M (-100%)
United States-$22.6k (-100%)
Slovenia-$6.79k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $146k
TOP IMPORT POTENTIALUnited States+ $42M

Refined Petroleum’s highest export potential is United States. With an export gap of $146k.   Refined Petroleum’s highest import potential is United States with an import gap of $42M.

See methodology.

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