2023
Exports
$18.2MWorld Rnk 48 / 121
Flag Rnk 59 / 902
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$42.2MWorld Rnk 83 / 175
Flag Rnk 64 / 1152
2023
ECONOMIC COMPLEXITY of Uruguay
0.22Rnk 52 / 132

About

Exports In 2023, Uruguay exported $18.2M in Soybean Meal, making it the 48th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 59th most exported product in Uruguay. The main destination of Soybean Meal exports from Uruguay are: Netherlands ($18.2M).

The fastest growing export markets for Soybean Meal of Uruguay between 2022 and 2023 were Netherlands ($13M).

Imports In 2023, Uruguay imported $42.2M in Soybean Meal, becoming the 83rd largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 64th most imported product in Uruguay. Uruguay imports Soybean Meal primarily from: Argentina ($23.3M), Paraguay ($10.3M), Bolivia ($8.66M), Brazil ($23.5k), and Germany ($1.55k).

The fastest growing import markets in Soybean Meal for Uruguay between 2022 and 2023 were Paraguay ($7.21M), Argentina ($6.43M), and Bolivia ($4.61M).

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 Soybean Meal. 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)$18.2M
IMPORTS (2023)$42.2M
NET TRADE (2023)-$24M

In 2023, Uruguay exported $18.2M in Soybean Meal. The main destinations of Uruguay exports on Soybean Meal were Netherlands ($18.2M).

In 2023, Uruguay imported $42.2M in Soybean Meal, mainly from Argentina ($23.3M), Paraguay ($10.3M), Bolivia ($8.66M), Brazil ($23.5k), and Germany ($1.55k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Uruguay WERE (2022 - 2023):Netherlands$13M (248%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Uruguay WERE (2022 - 2023):
New Zealand-$5.52M (-100%)
Spain-$154 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Uruguay's main exporting competitors in Soybean Meal were:
In 2023, Uruguay's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $4.04k
TOP IMPORT POTENTIALArgentina+ $9.75M

Soybean Meal’s highest export potential is Spain. With an export gap of $4.04k.   Soybean Meal’s highest import potential is Argentina with an import gap of $9.75M.

See methodology.

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