Soybean Oil in Bangladesh | The Observatory of Economic Complexity

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Exports In 2023, Bangladesh exported $24.1k in Soybean Oil, making it the 111th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 580th most exported product in Bangladesh. The main destination of Soybean Oil exports from Bangladesh are: Hong Kong ($13.6k) and Guatemala ($10.4k).

The fastest growing export markets for Soybean Oil of Bangladesh between 2022 and 2023 were Hong Kong ($13.6k) and Guatemala ($10.4k).

Imports In 2023, Bangladesh imported $694M in Soybean Oil, becoming the 3rd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 18th most imported product in Bangladesh. Bangladesh imports Soybean Oil primarily from: Argentina ($308M), Brazil ($293M), Paraguay ($93.1M), China ($68.8k), and Germany ($49.4k).

The fastest growing import markets in Soybean Oil for Bangladesh between 2022 and 2023 were Paraguay ($52.5M), China ($68.8k), and India ($33.3k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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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

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Trade Value

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Year

EXPORTS (2023)$24.1k

IMPORTS (2023)$694M

NET TRADE (2023)-$694M

In 2023, Bangladesh exported $24.1k in Soybean Oil. The main destinations of Bangladesh exports on Soybean Oil were Hong Kong ($13.6k) and Guatemala ($10.4k).

In 2023, Bangladesh imported $694M in Soybean Oil, mainly from Argentina ($308M), Brazil ($293M), Paraguay ($93.1M), China ($68.8k), and Germany ($49.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

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THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Bangladesh WERE (2022 - 2023):

Hong Kong$13.6k (1%)

Guatemala$10.4k (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Bangladesh WERE (2022 - 2023):

India-$1.37M (-100%)

Japan-$10.1k (-100%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Bangladesh's main exporting competitors in Soybean Oil were:

Argentina $4.39B

Brazil $2.6B

Netherlands $608M

In 2023, Bangladesh's main importing competitors in Soybean Oil were:

India $3.59B

China $772M

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Trade Value of Soybean Oil by Exporters

Potential Exports

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TOP EXPORT POTENTIALIndia+ $2.61M

TOP IMPORT POTENTIALBelgium+ $383k

Soybean Oil’s highest export potential is India. With an export gap of $2.61M. Soybean Oil’s highest import potential is Belgium with an import gap of $383k.

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

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