Sign In
Pricing

2022
Exports $143kWorld Rnk 93 / 124
Flag Rnk 803 / 1127
2022
Destination $118k Vietnam
2021 - 2022
FASTEST GROWING MARKET $118kVietnam
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $794MWorld Rnk 11 / 174
Flag Rnk 36 / 1201
2022
Origin $300M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $300MArgentina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $143k in Soybean Meal, making it the 93rd largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 803rd most exported product in Philippines. The main destination of Soybean Meal exports from Philippines are: Vietnam ($118k), Ireland ($25.4k), and South Korea ($98).

The fastest growing export markets for Soybean Meal of Philippines between 2021 and 2022 were Vietnam ($118k) and South Korea ($98).

Imports In 2022, Philippines imported $794M in Soybean Meal, becoming the 11th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 36th most imported product in Philippines. Philippines imports Soybean Meal primarily from: Argentina ($411M), United States ($320M), Brazil ($53.1M), Vietnam ($7.18M), and Chinese Taipei ($979k).

The fastest growing import markets in Soybean Meal for Philippines between 2021 and 2022 were Argentina ($300M), United States ($82.4M), and Brazil ($42.2M).

Latest Trends

May 2022

About

Overview In May 2022 Philippines' Soybean Meal exports accounted up to $25.4k and imports accounted up to $96.8M, resulting in a negative trade balance of $96.8M. Between November 2019 and May 2022 the exports of Philippines'   Soybean Meal have decreased by $-14.7k (-36.7%) from $40.1k to $25.4k, while imports decreased by $-95.9M (-49.8%) from $193M to $96.8M.

Destinations In May 2022, Soybean Meal were exported mostly to , and were imported mostly from United States ($84.9M), Argentina ($11.2M), Chinese Taipei ($551k), China ($129k), and India ($13.1k).

Growth In May 2022, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from United States ($-74.2M or -45.8%), Argentina ($-43.9M or -57.6%), and Chinese Taipei ($-397k or -69.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2019 - May 2022)$-14.7k(-36.7%)
IMPORT GROWTH (October 2023 - October 2024)$-95.9M(-49.8%)
MAIN DESTINATION (May 2022)

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

Historical Data

Trade Balance

Color
EXPORTS (2022)$143k
IMPORTS (2022)$794M
NET TRADE (2022)-$794M

In 2022, Philippines exported $143k in Soybean Meal. The main destinations of Philippines exports on Soybean Meal were Vietnam ($118k), Ireland ($25.4k), and South Korea ($98).

In 2022, Philippines imported $794M in Soybean Meal, mainly from Argentina ($411M), United States ($320M), Brazil ($53.1M), Vietnam ($7.18M), and Chinese Taipei ($979k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$118k (1%)
South Korea$98 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Philippines WERE (2021 - 2022):
Ireland-$72.5k (-74.1%)
Malaysia-$4.2k (-100%)
Thailand-$1.11k (-100%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Soybean Meal were:
Argentina $12B
Brazil $10.4B
United States $5.2B
In 2022, Philippines'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 POTENTIALVietnam+ $114k
TOP IMPORT POTENTIALBrazil+ $23.8M

Soybean Meal’s highest export potential is Vietnam. With an export gap of $114k.   Soybean Meal’s highest import potential is Brazil with an import gap of $23.8M.

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