2022
Exports
$12BWorld Rnk 1 / 124
Flag Rnk 1 / 1128
2022
PRODUCT COMPLEXITY IN Soybean Meal
-1.24Rnk 894 / 1025
2022
Imports
$86.3MWorld Rnk 66 / 174
Flag Rnk 166 / 1171
2022
ECONOMIC COMPLEXITY of Argentina
0.064Rnk 61 / 133

About

Exports In 2022, Argentina exported $12B in Soybean Meal, making it the 1st largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 1st most exported product in Argentina. The main destination of Soybean Meal exports from Argentina are: Vietnam ($1.53B), Indonesia ($1.3B), Poland ($757M), Spain ($712M), and Malaysia ($615M).

The fastest growing export markets for Soybean Meal of Argentina between 2021 and 2022 were Australia ($356M), Philippines ($300M), and Turkey ($285M).

Imports In 2022, Argentina imported $86.3M in Soybean Meal, becoming the 66th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 166th most imported product in Argentina. Argentina imports Soybean Meal primarily from: Paraguay ($85.3M), United States ($330k), United Kingdom ($277k), Brazil ($215k), and Bolivia ($213k).

The fastest growing import markets in Soybean Meal for Argentina between 2021 and 2022 were Paraguay ($81.2M), United Kingdom ($277k), and United States ($225k).

Latest Trends

Apr 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 Meal. 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)$12B
IMPORTS (2022)$86.3M
NET TRADE (2022)$11.9B

In 2022, Argentina exported $12B in Soybean Meal. The main destinations of Argentina exports on Soybean Meal were Vietnam ($1.53B), Indonesia ($1.3B), Poland ($757M), Spain ($712M), and Malaysia ($615M).

In 2022, Argentina imported $86.3M in Soybean Meal, mainly from Paraguay ($85.3M), United States ($330k), United Kingdom ($277k), Brazil ($215k), and Bolivia ($213k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Argentina WERE (2021 - 2022):
Australia$356M (1.83k%)
Philippines$300M (272%)
Turkey$285M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Argentina WERE (2021 - 2022):
Russia-$191M (-100%)
South Africa-$128M (-60.2%)
Belarus-$93.5M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Argentina's main exporting competitors in Soybean Meal were:
In 2022, Argentina's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

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