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%).