HS Icon Soybean Meal in  Flag United States

2021
Exports | Imports
: $4.46B | $354M, World Rnk 3 / 119
Flag Rnk 71 / 1216 | World Rnk 25 / 176
Flag 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

Subnational Monthly Trade

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Time Scale
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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.

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Historical Data

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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).

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Flow

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):

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Market Concentration

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Type

In 2021, United States's main exporting competitors in Soybean Meal were:

In 2021, United States's main importing competitors in Soybean Meal were:

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