2023
Exports
$73.4MWorld Rnk 28 / 137
Flag Rnk 300 / 1192
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$44.8MWorld Rnk 46 / 212
Flag Rnk 490 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $73.4M in Soybean Oil, making it the 28th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 300th most exported product in Indonesia. The main destination of Soybean Oil exports from Indonesia are: Mauritania ($62.8M), Angola ($8.68M), Panama ($1.29M), Ghana ($245k), and Ethiopia ($118k).

The fastest growing export markets for Soybean Oil of Indonesia between 2022 and 2023 were Mauritania ($7.15M), Panama ($1.29M), and Ghana ($197k).

Imports In 2023, Indonesia imported $44.8M in Soybean Oil, becoming the 46th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 490th most imported product in Indonesia. Indonesia imports Soybean Oil primarily from: Malaysia ($21.3M), Thailand ($15.7M), Australia ($3.25M), Singapore ($1.74M), and India ($1.36M).

The fastest growing import markets in Soybean Oil for Indonesia between 2022 and 2023 were India ($1.25M), United States ($546k), and Australia ($397k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$73.4M
IMPORTS (2023)$44.8M
NET TRADE (2023)$28.6M

In 2023, Indonesia exported $73.4M in Soybean Oil. The main destinations of Indonesia exports on Soybean Oil were Mauritania ($62.8M), Angola ($8.68M), Panama ($1.29M), Ghana ($245k), and Ethiopia ($118k).

In 2023, Indonesia imported $44.8M in Soybean Oil, mainly from Malaysia ($21.3M), Thailand ($15.7M), Australia ($3.25M), Singapore ($1.74M), and India ($1.36M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Mauritania$7.15M (12.8%)
Panama$1.29M (1%)
Ghana$197k (411%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Indonesia WERE (2022 - 2023):
Angola-$51.3M (-85.5%)
Malaysia-$7.64M (-99.7%)
Trinidad and Tobago-$555k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $91.9k
TOP IMPORT POTENTIALBrazil+ $7.58M

Soybean Oil’s highest export potential is Germany. With an export gap of $91.9k.   Soybean Oil’s highest import potential is Brazil with an import gap of $7.58M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with