2023
Exports
$25.5MWorld Rnk 45 / 121
Flag Rnk 7 / 682
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$106kWorld Rnk 154 / 175
Flag Rnk 638 / 1063
2023
ECONOMIC COMPLEXITY of Benin
-0.43Rnk 83 / 132

About

Exports In 2023, Benin exported $25.5M in Soybean Meal, making it the 45th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 7th most exported product in Benin. The main destination of Soybean Meal exports from Benin are: United States ($8.26M), United Arab Emirates ($4.74M), Togo ($4.73M), India ($2.28M), and Pakistan ($1.34M).

The fastest growing export markets for Soybean Meal of Benin between 2022 and 2023 were United States ($8.26M), United Arab Emirates ($4.74M), and Togo ($4.61M).

Imports In 2023, Benin imported $106k in Soybean Meal, becoming the 154th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 638th most imported product in Benin. Benin imports Soybean Meal primarily from: Togo ($56.8k) and Nigeria ($49.4k).

The fastest growing import markets in Soybean Meal for Benin between 2022 and 2023 were Togo ($56.3k) and Nigeria ($11.8k).

Latest Trends

Dec 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 (2023)$25.5M
IMPORTS (2023)$106k
NET TRADE (2023)$25.4M

In 2023, Benin exported $25.5M in Soybean Meal. The main destinations of Benin exports on Soybean Meal were United States ($8.26M), United Arab Emirates ($4.74M), Togo ($4.73M), India ($2.28M), and Pakistan ($1.34M).

In 2023, Benin imported $106k in Soybean Meal, mainly from Togo ($56.8k) and Nigeria ($49.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Benin WERE (2022 - 2023):
United States$8.26M (1%)
Togo$4.61M (3.78k%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Benin's main exporting competitors in Soybean Meal were:
In 2023, Benin'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 POTENTIALChina+ $83.6k
TOP IMPORT POTENTIALNigeria+ $31k

Soybean Meal’s highest export potential is China. With an export gap of $83.6k.   Soybean Meal’s highest import potential is Nigeria with an import gap of $31k.

See methodology.

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