2022
Exports
$13.3MWorld Rnk 47 / 135
Flag Rnk 32 / 802
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$628MWorld Rnk 5 / 215
Flag Rnk 9 / 1100
2022
ECONOMIC COMPLEXITY of Algeria
-0.64Rnk 95 / 133

About

Exports In 2022, Algeria exported $13.3M in Soybean Oil, making it the 47th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 32nd most exported product in Algeria. The main destination of Soybean Oil exports from Algeria are: Mauritania ($6.94M), Tunisia ($5.79M), Senegal ($372k), Benin ($107k), and Niger ($105k).

The fastest growing export markets for Soybean Oil of Algeria between 2021 and 2022 were Mauritania ($1.82M), Tunisia ($936k), and Benin ($107k).

Imports In 2022, Algeria imported $628M in Soybean Oil, becoming the 5th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 9th most imported product in Algeria. Algeria imports Soybean Oil primarily from: Brazil ($161M), Turkey ($153M), Argentina ($102M), Italy ($97.8M), and Spain ($77.4M).

The fastest growing import markets in Soybean Oil for Algeria between 2021 and 2022 were Brazil ($96.3M), Turkey ($40.4M), and Italy ($35.1M).

Latest Trends

Sep 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 (2022)$13.3M
IMPORTS (2022)$628M
NET TRADE (2022)-$615M

In 2022, Algeria exported $13.3M in Soybean Oil. The main destinations of Algeria exports on Soybean Oil were Mauritania ($6.94M), Tunisia ($5.79M), Senegal ($372k), Benin ($107k), and Niger ($105k).

In 2022, Algeria imported $628M in Soybean Oil, mainly from Brazil ($161M), Turkey ($153M), Argentina ($102M), Italy ($97.8M), and Spain ($77.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Algeria WERE (2021 - 2022):
Mauritania$1.82M (35.5%)
Tunisia$936k (19.3%)
Benin$107k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Algeria WERE (2021 - 2022):
India-$11.9M (-100%)
Senegal-$4.91M (-93%)
Lebanon-$51.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Algeria's main exporting competitors in Soybean Oil were:
In 2022, Algeria's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSpain+ $3.62k
TOP IMPORT POTENTIALNetherlands+ $3.53M

Soybean Oil’s highest export potential is Spain. With an export gap of $3.62k.   Soybean Oil’s highest import potential is Netherlands with an import gap of $3.53M.

See methodology.

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