Imports

In 2022, Uruguay purchased $13 billion worth of imports from global suppliers. The value of Uruguay's imports increased by 25.7% year-over-year compared to $10.3 billion in 2021.

The top 5 most valuable products imported by Uruguay in 2022 are crude oil, automobiles, processed petroleum, telephony equipment including smartphones, and nitrogen fertilizers.

Top International Suppliers of Uruguay's Imports

The latest country-specific data show that imports to Uruguay are sold mainly by exporters from Brazil (19.9% of Uruguay's total), mainland China (18.1%), the United States (15.8%), Argentina (11.5%), Nigeria (2.9%), Germany (2.3%), India (2.1%), Spain (2%), Mexico ( 1.9%), France (1.7%), Turkey (1.6%) and Italy (1.5%).

Uruguay's Top 10 Imports

1. Mineral fuels including oil: $2.2 billion (17.2% of total imports)

2. Vehicles: $1.5 billion (11.2%)

3. Machinery including computers: $1.3 billion (9.7%)

4. Motors, equipment: $878.8 million (6.8%)

5. Fertilizers: $701.3 million (5.4%)

6. Plastics, plastic products: $650.3 million (5%)

7. Other chemicals: $450.4 million (3.5%)

8. Pharmaceuticals: $360.4 million (2.8%)

9. Meat: $299.6 million (2.3%)

10. Iron and steel products: $242.6 million (1.9%)

Uruguay's top 10 imports accounted for 65.7% of its total purchases from other countries.

Uruguay's fastest growing imports are fertilizers (up 58.6% from 2021), mineral fuels including oil (up 51.3%), and then vehicles (up 34%). Uruguay's slowest growing imports are steel imports (up 13.1% from 2021) and plastic materials and plastic products (up 13.3%).

Exports

Uruguay exports products worth $11.2 billion to the world in 2022. This represents a 17.3% year-over-year increase in the total value of Uruguay's exports compared to $9.54 billion in 2021.

Uruguay's Best Export Customers

The latest country-specific data shows that Uruguay's exports are mainly purchased by importers from the following countries: mainland China (21.5% of Uruguay's total), Brazil (15.0%), Argentina (8.1%), the United States (6.2%), the Netherlands (2.6%), Algeria (2.0%), Mexico (1.8%), Chile (1.5%), Paraguay ( 1.3%), Egypt (1.2%), Portugal (1.1%) and United Kingdom (0.9%).

Uruguay's top 10 exports

1. Meat: $2.9 billion (25.8% of total exports)

2. Oilseeds: $2.1 billion (19.1%)

3. Timber: $1.1 billion (9.7%)

4. Dairy products, eggs, honey: $894.8 million (8%)

5. Cereals: $819.1 million (7.3%)

6. Vehicles: $438 million (3.9%)

7. Plastics, plastic products: $352.8 million (3.2%)

8. Animal and vegetable fats, oils, waxes: $293.4 million (2.6%)

9. Milling products, malt, starch: $289.5 million (2.6%)

10. Pharmaceuticals: $184.6 million (1.6%)

Uruguay's top 10 exports accounted for 83.9% of its total global exports.

Automobiles are the fastest growing of Uruguay's top 10 export categories, growing 128.2% from 2021 to 2022. The second highest growth in export sales is in oilseeds, up 114.9%. Uruguay's exports of animal and vegetable fats, oils and waxes grew the third fastest, by 39.1% compared to 2021.

Uruguay's top 10 export category with the smallest growth was pharmaceuticals, up 2.1%.

At a more granular four-digit HS code level, Uruguay's most valuable exports in 2022 are frozen beef (19 % of Uruguay's total exports), soybeans (17.2 %), logs (6 %), concentrated or sweetened milk cream (5.5 %), rice (4.5 %), fresh or chilled beef (3.9 %), trucks (2.8 %), malt (2.5 %), wheat (2.1%), and then red meat offal (1.8%).

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