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2022
Exports $142kWorld Rnk 94 / 124
Flag Rnk 162 / 696
2022
Destination $58k Senegal
2021 - 2022
FASTEST GROWING MARKET $58kNiger
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $47.5kWorld Rnk 162 / 174
Flag Rnk 739 / 1061
2022
Origin $3.13k Cote d'Ivoire
2021 - 2022
FASTEST GROWING ORIGIN $3.13kTogo
2022
ECONOMIC COMPLEXITY of Burkina Faso-1.91Rnk 131 / 133

About

Exports In 2022, Burkina Faso exported $142k in Soybean Meal, making it the 94th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 162nd most exported product in Burkina Faso. The main destination of Soybean Meal exports from Burkina Faso are: Senegal ($84.2k) and Niger ($58k).

The fastest growing export markets for Soybean Meal of Burkina Faso between 2021 and 2022 were Niger ($58k) and Senegal ($33.7k).

Imports In 2022, Burkina Faso imported $47.5k in Soybean Meal, becoming the 162nd largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 739th most imported product in Burkina Faso. Burkina Faso imports Soybean Meal primarily from: Cote d'Ivoire ($42.9k), Togo ($3.13k), and United States ($1.47k).

The fastest growing import markets in Soybean Meal for Burkina Faso between 2021 and 2022 were Togo ($3.13k) and United States ($1.47k).

Latest Trends

Jul 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)$142k
IMPORTS (2022)$47.5k
NET TRADE (2022)$94.7k

In 2022, Burkina Faso exported $142k in Soybean Meal. The main destinations of Burkina Faso exports on Soybean Meal were Senegal ($84.2k) and Niger ($58k).

In 2022, Burkina Faso imported $47.5k in Soybean Meal, mainly from Cote d'Ivoire ($42.9k), Togo ($3.13k), and United States ($1.47k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Burkina Faso WERE (2021 - 2022):
Niger$58k (1%)
Senegal$33.7k (66.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Burkina Faso's main exporting competitors in Soybean Meal were:
Argentina $12B
Brazil $10.4B
United States $5.2B
In 2022, Burkina Faso's main importing competitors in Soybean Meal were:
Indonesia $2.92B
Vietnam $2.5B
Germany $1.71B

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSenegal+ $2.74k
TOP IMPORT POTENTIALUnited States+ $4.77k

Soybean Meal’s highest export potential is Senegal. With an export gap of $2.74k.   Soybean Meal’s highest import potential is United States with an import gap of $4.77k.

See methodology.

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