What is the price of olive oil per kilogram/pound in Uruguay today?
The retail price range for Uruguay olive oil is between US$ 9.96 and US$ 18.27 per kilogram or between US$ 4.52 and US$ 8.28 per pound(lb). Click here to see today's exact prices of olive oil in Uruguay
The retail price range in Unidad Previsional for olive oil is between UYI 387.23 and UYI 709.92 per kilogram or between UYI 175.61 and UYI 321.96 per pound(lb) in Montevideo and Salto.
Wholesale prices
In 2024, the approximate wholesale price range for Uruguay olive oil is between US$ 6.97 and US$ 12.79 per kilogram or between US$ 3.16 and US$ 5.80 per pound(lb).
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Uruguay olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Uruguay exported 1,013 tonnes of olive oil. In 2019 alone, the market for Uruguay olive oil (processed category) has improved, with a change of 3517.857 per cent compared to the year 2018. Between 2017 and 2019, olive oil's exports went up by 618.44% bringing the nation US$2.63m for the year 2019. Uruguay's olive oil exports are classified as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Uruguay olive oil export values
In 2019, Uruguay shipped olive oil worth 2.63m USD, a surge of 1,189.22% from 2018's total olive oil export of 0.204m USD. The annual change in value of Uruguay olive oil between 2017 to 2018 was -75.243 percent.
The yearly variation in the volume of Uruguay's olive oil exports between 2017 and 2019 was 618.44 per cent when compared to a variation of 3517.857% in the growth rate between 2018 and 2019.
Uruguay's share of the world's total olive oil's exports in 2019 was less than 1%. The country holds number 32 in world exports of olive oil.
Export markets for Uruguay olive oil ( in '000$ )
Uruguay's best performing destinations for olive oil are Spain, US, China, Germany and Italy.
Import/Export Trends
Uruguay is a net exporter of olive oil. The annual growth of Uruguay olive oil in value between 2015 to 2019 was 126%, per year, while annual growth in quantity through the same period was 7%, per annum.
Uruguay imported 1,060 tonnes of olive oil in 2019.