Soybean Meal in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $8.15M in Soybean Meal, making it the 54th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 883rd most exported product in United Kingdom. The main destination of Soybean Meal exports from United Kingdom are: Paraguay ($3.64M), Ireland ($3.1M), Colombia ($381k), Nicaragua ($293k), and Argentina ($277k).

The fastest growing export markets for Soybean Meal of United Kingdom between 2021 and 2022 were Paraguay ($3.64M), Colombia ($381k), and Nicaragua ($293k).

Imports In 2022, United Kingdom imported $654M in Soybean Meal, becoming the 18th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 199th most imported product in United Kingdom. United Kingdom imports Soybean Meal primarily from: Argentina ($283M), Netherlands ($100M), Paraguay ($66.5M), Ireland ($62.4M), and Canada ($35.1M).

The fastest growing import markets in Soybean Meal for United Kingdom between 2021 and 2022 were Ireland ($43.6M), China ($15.4M), and Germany ($10.3M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Soybean Meal from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Soybean Meal exports accounted up to £3.44M and imports accounted up to £59.3M, resulting in a negative trade balance of £55.9M. Between January 2023 and January 2024 the exports of United Kingdom's Soybean Meal have decreased by £-958k (-21.8%) from £4.4M to £3.44M, while imports decreased by £-51.9M (-46.7%) from £111M to £59.3M.

Destinations In January 2024, Soybean Meal were exported mostly to Ireland (£3.44M), and were imported mostly from Argentina (£32.4M), Romania (£13.4M), Ireland (£4.18M), Germany (£3.05M), and Netherlands (£2.24M).

Growth In January 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to . In January 2024, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-3.05M or -35.7%) and China (£-921k or -60.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-958k(-21.8%)

IMPORT GROWTH (January 2023 - January 2024)£-51.9M(-46.7%)

MAIN EXPORTER (January 2024)Liverpool£1.41M

MAIN DESTINATION (January 2024)Ireland£3.44M

This section shows Soybean Meal's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybean Meal over time.

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