2023
Exports
$2.29MWorld Rnk 67 / 121
Flag Rnk 437 / 1150
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$1.15BWorld Rnk 8 / 175
Flag Rnk 7 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $2.29M in Soybean Meal, making it the 67th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 437th most exported product in Colombia. The main destination of Soybean Meal exports from Colombia are: Guatemala ($2.23M), Peru ($33.1k), Chile ($21.1k), Lebanon ($5.5k), and Netherlands ($1).

The fastest growing export markets for Soybean Meal of Colombia between 2022 and 2023 were Peru ($33.1k), Chile ($20.9k), and Lebanon ($5.5k).

Imports In 2023, Colombia imported $1.15B in Soybean Meal, becoming the 8th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 7th most imported product in Colombia. Colombia imports Soybean Meal primarily from: United States ($780M), Bolivia ($310M), Argentina ($41.4M), Paraguay ($15.3M), and Chile ($1.75M).

The fastest growing import markets in Soybean Meal for Colombia between 2022 and 2023 were Paraguay ($15.3M), Bolivia ($11.7M), and Chile ($1.75M).

Latest Trends

Jan 2025

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)$2.29M
IMPORTS (2023)$1.15B
NET TRADE (2023)-$1.15B

In 2023, Colombia exported $2.29M in Soybean Meal. The main destinations of Colombia exports on Soybean Meal were Guatemala ($2.23M), Peru ($33.1k), Chile ($21.1k), Lebanon ($5.5k), and Netherlands ($1).

In 2023, Colombia imported $1.15B in Soybean Meal, mainly from United States ($780M), Bolivia ($310M), Argentina ($41.4M), Paraguay ($15.3M), and Chile ($1.75M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Peru$33.1k (1%)
Chile$20.9k (7.51k%)
Lebanon$5.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Colombia WERE (2022 - 2023):Guatemala-$888k (-28.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Soybean Meal were:
In 2023, Colombia'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 POTENTIALChile+ $4.05k
TOP IMPORT POTENTIALArgentina+ $36.5M

Soybean Meal’s highest export potential is Chile. With an export gap of $4.05k.   Soybean Meal’s highest import potential is Argentina with an import gap of $36.5M.

See methodology.

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