2022
Exports
$54.8MWorld Rnk 4 / 109
Flag Rnk 39 / 918
2022
PRODUCT COMPLEXITY IN Wool
-2.11Rnk 1004 / 1025
2022
Imports
$27.9MWorld Rnk 12 / 137
Flag Rnk 102 / 1152
2022
ECONOMIC COMPLEXITY of Uruguay
0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $54.8M in Wool, making it the 4th largest exporter of Wool in the world. At the same year, Wool was the 39th most exported product in Uruguay. The main destination of Wool exports from Uruguay are: China ($23.1M), Bulgaria ($6.44M), India ($6.33M), Egypt ($5.8M), and Italy ($4.03M).

The fastest growing export markets for Wool of Uruguay between 2021 and 2022 were India ($2.59M), United Arab Emirates ($576k), and Mauritius ($561k).

Imports In 2022, Uruguay imported $27.9M in Wool, becoming the 12th largest importer of Wool in the world. At the same year, Wool was the 102nd most imported product in Uruguay. Uruguay imports Wool primarily from: Brazil ($9.55M), Chile ($3.87M), Australia ($3.54M), Argentina ($2.88M), and Spain ($1.76M).

The fastest growing import markets in Wool for Uruguay between 2021 and 2022 were Argentina ($2.22M), Chile ($2.22M), and South Africa ($1.02M).

Latest Trends

Jul 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 Wool. 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)$54.8M
IMPORTS (2022)$27.9M
NET TRADE (2022)$26.9M

In 2022, Uruguay exported $54.8M in Wool. The main destinations of Uruguay exports on Wool were China ($23.1M), Bulgaria ($6.44M), India ($6.33M), Egypt ($5.8M), and Italy ($4.03M).

In 2022, Uruguay imported $27.9M in Wool, mainly from Brazil ($9.55M), Chile ($3.87M), Australia ($3.54M), Argentina ($2.88M), and Spain ($1.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Uruguay WERE (2021 - 2022):
India$2.59M (69.3%)
United Arab Emirates$576k (74.2k%)
Mauritius$561k (18.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Uruguay WERE (2021 - 2022):
China-$16.4M (-41.5%)
Bulgaria-$4.89M (-43.1%)
Italy-$2.42M (-37.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Uruguay's main exporting competitors in Wool were:
In 2022, Uruguay's main importing competitors in Wool were:
China $2.16B
Italy $223M
India $205M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.22M
TOP IMPORT POTENTIALAustralia+ $845k

Wool’s highest export potential is China. With an export gap of $3.22M.   Wool’s highest import potential is Australia with an import gap of $845k.

See methodology.

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