2023
Exports
$82.3MWorld Rnk 23 / 137
Flag Rnk 115 / 1152
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$322MWorld Rnk 8 / 212
Flag Rnk 51 / 1178
2023
ECONOMIC COMPLEXITY of Egypt
-0.11Rnk 66 / 132

About

Exports In 2023, Egypt exported $82.3M in Soybean Oil, making it the 23rd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 115th most exported product in Egypt. The main destination of Soybean Oil exports from Egypt are: Morocco ($40.3M), India ($11M), Algeria ($10.3M), Jordan ($4.21M), and Mauritius ($3.16M).

The fastest growing export markets for Soybean Oil of Egypt between 2022 and 2023 were Morocco ($34.9M), Netherlands ($2.43M), and Palestine ($407k).

Imports In 2023, Egypt imported $322M in Soybean Oil, becoming the 8th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 51st most imported product in Egypt. Egypt imports Soybean Oil primarily from: Russia ($124M), Brazil ($62.5M), Turkey ($54.7M), Italy ($27M), and Argentina ($21.3M).

The fastest growing import markets in Soybean Oil for Egypt between 2022 and 2023 were Brazil ($62.5M), Spain ($14.4M), and Greece ($6.57M).

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)$82.3M
IMPORTS (2023)$322M
NET TRADE (2023)-$240M

In 2023, Egypt exported $82.3M in Soybean Oil. The main destinations of Egypt exports on Soybean Oil were Morocco ($40.3M), India ($11M), Algeria ($10.3M), Jordan ($4.21M), and Mauritius ($3.16M).

In 2023, Egypt imported $322M in Soybean Oil, mainly from Russia ($124M), Brazil ($62.5M), Turkey ($54.7M), Italy ($27M), and Argentina ($21.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Egypt WERE (2022 - 2023):
Morocco$34.9M (639%)
Netherlands$2.43M (123k%)
Palestine$407k (133%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Egypt WERE (2022 - 2023):
Switzerland-$15.3M (-100%)
Jordan-$11.6M (-73.4%)
Syria-$8.68M (-98.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Egypt's main exporting competitors in Soybean Oil were:
In 2023, Egypt'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 POTENTIALIndia+ $16.4M
TOP IMPORT POTENTIALSpain+ $2.61M

Soybean Oil’s highest export potential is India. With an export gap of $16.4M.   Soybean Oil’s highest import potential is Spain with an import gap of $2.61M.

See methodology.

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