Soybean Meal in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $239M in Soybean Meal, making it the 13th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 264th most exported product in Belgium. The main destination of Soybean Meal exports from Belgium are: France ($172M), Netherlands ($33.7M), Germany ($7.11M), Ireland ($6.06M), and Poland ($4.26M).

Imports In 2022, Belgium imported $476M in Soybean Meal, becoming the 25th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the N/A most imported product in Belgium. Belgium imports Soybean Meal primarily from: Netherlands ($405M), United States ($17.6M), Brazil ($14.1M), Argentina ($13.8M), and Germany ($6.71M).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Soybean Meal exports accounted up to €49.9k and imports accounted up to €1.34M, resulting in a negative trade balance of €1.29M. Between May 2023 and May 2024 the exports of Belgium's Soybean Meal have decreased by €-17.1M (-99.7%) from €17.1M to €49.9k, while imports decreased by €-54.5M (-97.6%) from €55.8M to €1.34M.

Destinations In May 2024, Soybean Meal were exported mostly to N/A, and were imported mostly from N/A.

Growth In May 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-966k or -61.2%), Germany (€-656k or -99.8%), and Luxembourg (€-16.6k or -82.2%). In May 2024, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from Denmark (€-52.6k or -90.5%) and United States (€-49.2k or -96.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2023 - May 2024)€-17.1M(-99.7%)

IMPORT GROWTH (May 2023 - May 2024)€-54.5M(-97.6%)

This section shows Soybean Meal's exports and imports data at subnational level for Belgium. 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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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

EXPORTS (2022)$239M

IMPORTS (2022)$476M

NET TRADE (2022)-$237M

In 2022, Belgium exported $239M in Soybean Meal. The main destinations of Belgium exports on Soybean Meal were France ($172M), Netherlands ($33.7M), Germany ($7.11M), Ireland ($6.06M), and Poland ($4.26M).

In 2022, Belgium imported $476M in Soybean Meal, mainly from Netherlands ($405M), United States ($17.6M), Brazil ($14.1M), Argentina ($13.8M), and Germany ($6.71M).

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