Sign In
Pricing

2022
Exports $254MWorld Rnk 12 / 124
Flag Rnk 239 / 1210
2022
Destination $71.4M United States
2021 - 2022
FASTEST GROWING MARKET $71.4MUnited States
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $599MWorld Rnk 21 / 174
Flag Rnk 187 / 1213
2022
Origin $70.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $70.5MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $254M in Soybean Meal, making it the 12th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 239th most exported product in Canada. The main destination of Soybean Meal exports from Canada are: United States ($194M), United Kingdom ($35.1M), Ireland ($14M), Spain ($4.69M), and Nepal ($3.98M).

The fastest growing export markets for Soybean Meal of Canada between 2021 and 2022 were United States ($71.4M), United Kingdom ($10.1M), and Ireland ($7.31M).

Imports In 2022, Canada imported $599M in Soybean Meal, becoming the 21st largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 187th most imported product in Canada. Canada imports Soybean Meal primarily from: United States ($569M), India ($14.2M), Togo ($8.79M), China ($3.44M), and Ethiopia ($1.88M).

The fastest growing import markets in Soybean Meal for Canada between 2021 and 2022 were United States ($70.5M), Togo ($8.79M), and China ($2.77M).

Latest Trends

October 2024

About

Overview In October 2024 Canada's Soybean Meal exports accounted up to C$16.2M and imports accounted up to C$55.2M, resulting in a negative trade balance of C$39M. Between October 2023 and October 2024 the exports of Canada's   Soybean Meal have decreased by C$-3.42M (-17.5%) from C$19.6M to C$16.2M, while imports decreased by C$-875k (-1.56%) from C$56M to C$55.2M.

Destinations In October 2024, Soybean Meal were exported mostly to United States (C$16.1M), Japan (C$34.4k), and France (C$49), and were imported mostly from United States (C$54.7M), India (C$400k), and Netherlands (C$39.6k).

Growth In October 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to France (C$-5 or -8.06%). In October 2024, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from United States (C$-926k or -1.69%), Brazil (C$-204k or -69.2%), and Ethiopia (C$-28.3k or -8.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)C$-3.42M(-17.5%)
IMPORT GROWTH (October 2023 - October 2024)C$-875k(-1.56%)
MAIN EXPORTER (October 2024)OntarioC$12M
MAIN DESTINATION (October 2024)United StatesC$16.1M

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

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$254M
IMPORTS (2022)$599M
NET TRADE (2022)-$345M

In 2022, Canada exported $254M in Soybean Meal. The main destinations of Canada exports on Soybean Meal were United States ($194M), United Kingdom ($35.1M), Ireland ($14M), Spain ($4.69M), and Nepal ($3.98M).

In 2022, Canada imported $599M in Soybean Meal, mainly from United States ($569M), India ($14.2M), Togo ($8.79M), China ($3.44M), and Ethiopia ($1.88M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$71.4M (58.1%)
United Kingdom$10.1M (40.5%)
Ireland$7.31M (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Canada WERE (2021 - 2022):
Netherlands-$3.69M (-100%)
Romania-$2.76M (-100%)
Germany-$161k (-100%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $3.74M
TOP IMPORT POTENTIALIndia+ $9.01M

Soybean Meal’s highest export potential is Spain. With an export gap of $3.74M.   Soybean Meal’s highest import potential is India with an import gap of $9.01M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms