2022
Exports
$3.57MWorld Rnk 65 / 124
Flag Rnk 683 / 1208
2022
PRODUCT COMPLEXITY IN Soybean Meal
-1.24Rnk 894 / 1025
2022
Imports
$394MWorld Rnk 29 / 174
Flag Rnk 129 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $3.57M in Soybean Meal, making it the 65th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 683rd most exported product in Australia. The main destination of Soybean Meal exports from Australia are: Fiji ($3.34M), New Zealand ($118k), China ($69.4k), South Korea ($25.2k), and Papua New Guinea ($18k).

The fastest growing export markets for Soybean Meal of Australia between 2021 and 2022 were Fiji ($1.94M), China ($62.8k), and South Korea ($25.2k).

Imports In 2022, Australia imported $394M in Soybean Meal, becoming the 29th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 129th most imported product in Australia. Australia imports Soybean Meal primarily from: Argentina ($375M), Brazil ($7.53M), Antigua and Barbuda ($6.43M), Malaysia ($2.17M), and India ($1.35M).

The fastest growing import markets in Soybean Meal for Australia between 2021 and 2022 were Argentina ($356M), Antigua and Barbuda ($6.43M), and India ($570k).

Latest Trends

Sep 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)$3.57M
IMPORTS (2022)$394M
NET TRADE (2022)-$391M

In 2022, Australia exported $3.57M in Soybean Meal. The main destinations of Australia exports on Soybean Meal were Fiji ($3.34M), New Zealand ($118k), China ($69.4k), South Korea ($25.2k), and Papua New Guinea ($18k).

In 2022, Australia imported $394M in Soybean Meal, mainly from Argentina ($375M), Brazil ($7.53M), Antigua and Barbuda ($6.43M), Malaysia ($2.17M), and India ($1.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Fiji$1.94M (139%)
China$62.8k (955%)
South Korea$25.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Australia WERE (2021 - 2022):
Netherlands-$14.7k (-100%)
Vanuatu-$5.84k (-94.9%)
Malaysia-$2.66k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $39.3k
TOP IMPORT POTENTIALBrazil+ $11M

Soybean Meal’s highest export potential is South Korea. With an export gap of $39.3k.   Soybean Meal’s highest import potential is Brazil with an import gap of $11M.

See methodology.

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