HS Icon Soybean Meal in  Flag Argentina

2020
Exports | Imports
: $7.89B | $2.95M, World Rnk 1 / 108
Flag Rnk 1 / 1115 | World Rnk 127 / 177
Flag Rnk 670 / 1172


ECONOMIC COMPLEXITY of Argentina
: 0.087, Rnk 53 / 127


PRODUCT COMPLEXITY  IN Soybean Meal
: -1.03, Rnk 846 / 1028

Exports In 2020, Argentina exported $7.89B 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 ($1.37B), Indonesia ($682M), Poland ($439M), Malaysia ($439M), and Italy ($403M).

The fastest growing export markets for Soybean Meal of Argentina between 2019 and 2020 were Iraq ($122M), Vietnam ($69.2M), and Latvia ($66.7M).

Imports In 2020, Argentina imported $2.95M in Soybean Meal, becoming the 127th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 670th most imported product in Argentina. Argentina imports Soybean Meal primarily from: Paraguay ($2.23M), Bolivia ($377k), Brazil ($282k), United States ($54.8k), and Germany ($889).

Tariffs In 2018, the average tariff for Argentina in Soybean Meal was 5.74%. The countries with the highest import tariffs for Soybean Meal were Angola (Most Favoured Nation duty rate treatement, 6%), Burundi (Most Favoured Nation duty rate treatement, 6%), Benin (Most Favoured Nation duty rate treatement, 6%), Burkina Faso (Most Favoured Nation duty rate treatement, 6%), and Botswana (Most Favoured Nation duty rate treatement, 6%).

Subnational Monthly Trade

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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

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EXPORTS (2020): $7.89B

IMPORTS (2020): $2.95M

NET TRADE (2020): $7.89B

In 2020, Argentina exported $7.89B in Soybean Meal. The main destinations of Argentina exports on Soybean Meal were Vietnam ($1.37B), Indonesia ($682M), Poland ($439M), Malaysia ($439M), and Italy ($403M).

In 2020, Argentina imported $2.95M in Soybean Meal, mainly from Paraguay ($2.23M), Bolivia ($377k), Brazil ($282k), United States ($54.8k), and Germany ($889).

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IN 2020, Argentina HAD A POSITIVE NET TRADE IN Soybean Meal WITH:

IN 2020, Argentina HAD A NEGATIVE NET TRADE IN Soybean Meal WITH:

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THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Argentina WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Argentina WERE (2019 - 2020):

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Market Concentration

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In 2019, Argentina's main exporting competitors in Soybean Meal were:

In 2019, Argentina's main importing competitors in Soybean Meal were:

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