Soybean Meal in United States 2021 Exports | Imports : $4.46B | $354M, World Rnk 3 / 119 Rnk 71 / 1216 | World Rnk 25 / 176 Rnk 596 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $149M | $38.4M, Mexico | Canada
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Soybean Meal: -1.14, Rnk 871 / 1029
Exports In 2021, United States exported $4.46B in Soybean Meal, making it the 3rd largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 71st most exported product in United States. The main destination of Soybean Meal exports from United States are: Mexico ($800M), Colombia ($513M), Canada ($478M), Ecuador ($291M), and Philippines ($238M).
The fastest growing export markets for Soybean Meal of United States between 2020 and 2021 were Mexico ($149M), Canada ($106M), and Venezuela ($75M).
Imports In 2021, United States imported $354M in Soybean Meal, becoming the 25th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 596th most imported product in United States. United States imports Soybean Meal primarily from: India ($145M), Canada ($122M), Turkey ($35.1M), Brazil ($23.6M), and Russia ($7.55M).
The fastest growing import markets in Soybean Meal for United States between 2020 and 2021 were Canada ($38.4M), Brazil ($23.1M), and Turkey ($17.4M).
Tariffs In 2017, the average tariff for United States in Soybean Meal was 0.7%. The countries with the highest import tariffs for Soybean Meal were Cote d'Ivoire (Most Favoured Nation duty rate treatment, 1.09%), Algeria (Most Favoured Nation duty rate treatment, 1.09%), Egypt (Most Favoured Nation duty rate treatment, 1.09%), Eritrea (Most Favoured Nation duty rate treatment, 1.09%), and Western Sahara (Most Favoured Nation duty rate treatment, 1.09%).
February 2023
Overview In February 2023 United States' Soybean Meal exports accounted up to $398M and imports accounted up to $33.4M, resulting in a positive trade balance of $364M. Between February 2022 and February 2023 the exports of United States' Soybean Meal have increased by $8.89M (2.29%) from $389M to $398M, while imports increased by $2.77M (9.05%) from $30.6M to $33.4M.
Destinations In February 2023, Soybean Meal were exported mostly to Mexico ($51.4M), Ecuador ($50.8M), Morocco ($46.5M), Colombia ($42.4M), and Canada ($32.7M), and were imported mostly from Canada ($19.5M), Russia ($9.33M), Ethiopia ($2.61M), India ($989k), and Togo ($683k).
Growth In February 2023, the increase in Soybean Meal's year-by-year exports was explained primarily by an increase in exports to Philippines ($47.1M or 390%), Ecuador ($13.6M or 47%), and Morocco ($6.05M or 43.5%). In February 2023, the increase in Soybean Meal's year-by-year imports was explained primarily by an increase in imports from Canada ($4.1M or 50.5%).
EXPORT GROWTH (February 2022 - February 2023): $8.89M, (2.29%)
IMPORT GROWTH (February 2022 - February 2023): $2.77M, (9.05%)
MAIN EXPORTER (February 2023): Louisiana, $258M
MAIN DESTINATION (February 2023): Mexico, $51.4M
This section shows Soybean Meal's exports and imports data at subnational level for United States. 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.
EXPORTS (2021): $4.46B
IMPORTS (2021): $354M
NET TRADE (2021): $4.11B
In 2021, United States exported $4.46B in Soybean Meal. The main destinations of United States exports on Soybean Meal were Mexico ($800M), Colombia ($513M), Canada ($478M), Ecuador ($291M), and Philippines ($238M).
In 2021, United States imported $354M in Soybean Meal, mainly from India ($145M), Canada ($122M), Turkey ($35.1M), Brazil ($23.6M), and Russia ($7.55M).
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Soybean Meal were:
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