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2022
Exports $9.47MWorld Rnk 52 / 135
Flag Rnk 399 / 1206
2022
Destination $4.49M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $4.49MBelgium
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $75.9MWorld Rnk 44 / 215
Flag Rnk 232 / 1214
2022
Origin $17M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $17MNetherlands
2022
ECONOMIC COMPLEXITY of Ireland1.27Rnk 18 / 133

About

Exports In 2022, Ireland exported $9.47M in Soybean Oil, making it the 52nd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 399th most exported product in Ireland. The main destination of Soybean Oil exports from Ireland are: United Kingdom ($4.72M), Belgium ($4.49M), Netherlands ($158k), Poland ($106k), and Spain ($78).

The fastest growing export markets for Soybean Oil of Ireland between 2021 and 2022 were Belgium ($4.49M), United Kingdom ($1.76M), and Netherlands ($155k).

Imports In 2022, Ireland imported $75.9M in Soybean Oil, becoming the 44th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 232nd most imported product in Ireland. Ireland imports Soybean Oil primarily from: Netherlands ($49.1M), United Kingdom ($7.53M), Germany ($6.39M), Spain ($4.65M), and France ($3.67M).

The fastest growing import markets in Soybean Oil for Ireland between 2021 and 2022 were Netherlands ($17M), France ($3.67M), and Spain ($3.55M).

Latest Trends

Aug 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)$9.47M
IMPORTS (2022)$75.9M
NET TRADE (2022)-$66.5M

In 2022, Ireland exported $9.47M in Soybean Oil. The main destinations of Ireland exports on Soybean Oil were United Kingdom ($4.72M), Belgium ($4.49M), Netherlands ($158k), Poland ($106k), and Spain ($78).

In 2022, Ireland imported $75.9M in Soybean Oil, mainly from Netherlands ($49.1M), United Kingdom ($7.53M), Germany ($6.39M), Spain ($4.65M), and France ($3.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Ireland WERE (2021 - 2022):
Belgium$4.49M (1%)
United Kingdom$1.76M (59.7%)
Netherlands$155k (5.97k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Ireland WERE (2021 - 2022):
Spain-$69.6k (-99.9%)
Saudi Arabia-$65.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ireland's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, Ireland's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $710k
TOP IMPORT POTENTIALSpain+ $1.26M

Soybean Oil’s highest export potential is United Kingdom. With an export gap of $710k.   Soybean Oil’s highest import potential is Spain with an import gap of $1.26M.

See methodology.

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