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2022
Exports $117MWorld Rnk 19 / 124
Flag Rnk 449 / 1214
2022
Destination $3.74M France
2021 - 2022
FASTEST GROWING MARKET $3.74MEgypt
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $1.37BWorld Rnk 9 / 174
Flag Rnk 72 / 1214
2022
Origin $205M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $205MBrazil
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $117M in Soybean Meal, making it the 19th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 449th most exported product in Spain. The main destination of Soybean Meal exports from Spain are: France ($57.4M), Portugal ($23.7M), Italy ($8.99M), Malta ($6.39M), and Cyprus ($5.29M).

The fastest growing export markets for Soybean Meal of Spain between 2021 and 2022 were Egypt ($3.74M), Austria ($2.47M), and Portugal ($1.27M).

Imports In 2022, Spain imported $1.37B in Soybean Meal, becoming the 9th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 72nd most imported product in Spain. Spain imports Soybean Meal primarily from: Argentina ($712M), Brazil ($533M), Germany ($52.2M), Portugal ($27.2M), and United States ($8.72M).

The fastest growing import markets in Soybean Meal for Spain between 2021 and 2022 were Brazil ($205M), Argentina ($18.6M), and China ($4.99M).

Latest Trends

October 2024

About

Overview In October 2024 Spain's Soybean Meal exports accounted up to €6M and imports accounted up to €86.7M, resulting in a negative trade balance of €80.7M. Between October 2023 and October 2024 the exports of Spain's   Soybean Meal have decreased by €-1.45M (-19.4%) from €7.45M to €6M, while imports decreased by €-13.7M (-13.6%) from €100M to €86.7M.

Destinations In October 2024, Soybean Meal were exported mostly to France (€3.61M), Portugal (€2.36M), and Luxembourg (€35k), and were imported mostly from Brazil (€47M), Argentina (€37.5M), Togo (€557k), France (€405k), and Nigeria (€400k).

Growth In October 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to Cyprus (€-1.61M or -99.7%). In October 2024, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from Brazil (€-8.04M or -13%), China (€-892k or -67.3%), and France (€-230k or -72%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-1.45M(-19.4%)
IMPORT GROWTH (October 2023 - October 2024)€-13.7M(-13.6%)
MAIN EXPORTER (October 2024)Tarragona€8.88M
MAIN DESTINATION (October 2024)France€3.61M

This section shows Soybean Meal's exports and imports data at subnational level for Spain. 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
EXPORTS (2022)$117M
IMPORTS (2022)$1.37B
NET TRADE (2022)-$1.25B

In 2022, Spain exported $117M in Soybean Meal. The main destinations of Spain exports on Soybean Meal were France ($57.4M), Portugal ($23.7M), Italy ($8.99M), Malta ($6.39M), and Cyprus ($5.29M).

In 2022, Spain imported $1.37B in Soybean Meal, mainly from Argentina ($712M), Brazil ($533M), Germany ($52.2M), Portugal ($27.2M), and United States ($8.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Egypt$3.74M (1%)
Austria$2.47M (1%)
Portugal$1.27M (5.66%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Spain WERE (2021 - 2022):
Cyprus-$8.67M (-62.1%)
Libya-$7.84M (-76%)
Italy-$3.76M (-29.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Soybean Meal were:
Argentina $12B
Brazil $10.4B
United States $5.2B
In 2022, Spain'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 POTENTIALFrance+ $5.79M
TOP IMPORT POTENTIALUnited States+ $17.5M

Soybean Meal’s highest export potential is France. With an export gap of $5.79M.   Soybean Meal’s highest import potential is United States with an import gap of $17.5M.

See methodology.

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