2023
Exports
$4.39BWorld Rnk 1 / 137
Flag Rnk 4 / 1111
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$88.5MWorld Rnk 31 / 212
Flag Rnk 158 / 1171
2023
ECONOMIC COMPLEXITY of Argentina
0.043Rnk 61 / 132

About

Exports In 2023, Argentina exported $4.39B in Soybean Oil, making it the 1st largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 4th most exported product in Argentina. The main destination of Soybean Oil exports from Argentina are: India ($1.52B), Peru ($347M), Bangladesh ($308M), China ($304M), and Chile ($214M).

The fastest growing export markets for Soybean Oil of Argentina between 2022 and 2023 were Canada ($155M), China ($137M), and Mexico ($62.1M).

Imports In 2023, Argentina imported $88.5M in Soybean Oil, becoming the 31st largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 158th most imported product in Argentina. Argentina imports Soybean Oil primarily from: Paraguay ($87.9M), Bolivia ($485k), Netherlands ($65.5k), United States ($23.8k), and United Kingdom ($14.9k).

The fastest growing import markets in Soybean Oil for Argentina between 2022 and 2023 were Bolivia ($307k), Netherlands ($37k), and United States ($23.2k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybean Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.39B
IMPORTS (2023)$88.5M
NET TRADE (2023)$4.3B

In 2023, Argentina exported $4.39B in Soybean Oil. The main destinations of Argentina exports on Soybean Oil were India ($1.52B), Peru ($347M), Bangladesh ($308M), China ($304M), and Chile ($214M).

In 2023, Argentina imported $88.5M in Soybean Oil, mainly from Paraguay ($87.9M), Bolivia ($485k), Netherlands ($65.5k), United States ($23.8k), and United Kingdom ($14.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Argentina WERE (2022 - 2023):
Canada$155M (356%)
China$137M (81.3%)
Mexico$62.1M (157%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Argentina WERE (2022 - 2023):
India-$1.52B (-50%)
Nepal-$221M (-100%)
Bangladesh-$206M (-40.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Argentina's main exporting competitors in Soybean Oil were:
In 2023, Argentina's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $50.7M
TOP IMPORT POTENTIALBolivia+ $867k

Soybean Oil’s highest export potential is China. With an export gap of $50.7M.   Soybean Oil’s highest import potential is Bolivia with an import gap of $867k.

See methodology.

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