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2022
Exports $68MWorld Rnk 33 / 135
Flag Rnk 74 / 1105
2022
Destination $29.3M Syria
2021 - 2022
FASTEST GROWING MARKET $29.3MSyria
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $775MWorld Rnk 3 / 215
Flag Rnk 11 / 1188
2022
Origin $183MN/A
2021 - 2022
FASTEST GROWING ORIGIN $183MArgentina
2022
ECONOMIC COMPLEXITY of Morocco-0.29Rnk 80 / 133

About

Exports In 2022, Morocco exported $68M in Soybean Oil, making it the 33rd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 74th most exported product in Morocco. The main destination of Soybean Oil exports from Morocco are: Syria ($29.3M), Senegal ($14.9M), Mauritania ($13.2M), Angola ($3.45M), and Libya ($2.06M).

The fastest growing export markets for Soybean Oil of Morocco between 2021 and 2022 were Syria ($29.3M), Libya ($1.76M), and Tunisia ($733k).

Imports In 2022, Morocco imported $775M in Soybean Oil, becoming the 3rd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 11th most imported product in Morocco. Morocco imports Soybean Oil primarily from: N/A.

The fastest growing import markets in Soybean Oil for Morocco between 2021 and 2022 were Argentina ($183M), Spain ($29.2M), and Netherlands ($22.8M).

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 Soybean Oil. 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)$68M
IMPORTS (2022)$775M
NET TRADE (2022)-$707M

In 2022, Morocco exported $68M in Soybean Oil. The main destinations of Morocco exports on Soybean Oil were Syria ($29.3M), Senegal ($14.9M), Mauritania ($13.2M), Angola ($3.45M), and Libya ($2.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Morocco WERE (2021 - 2022):
Syria$29.3M (1%)
Libya$1.76M (583%)
Tunisia$733k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Morocco WERE (2021 - 2022):
Mauritania-$5.88M (-30.7%)
Equatorial Guinea-$1.63M (-84.6%)
Guinea-Bissau-$1.29M (-72.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Morocco's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, Morocco's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTunisia+ $578k
TOP IMPORT POTENTIALGermany+ $2.64M

Soybean Oil’s highest export potential is Tunisia. With an export gap of $578k.   Soybean Oil’s highest import potential is Germany with an import gap of $2.64M.

See methodology.

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