2022
Exports
$100MWorld Rnk 28 / 135
Flag Rnk 90 / 1100
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$28MWorld Rnk 68 / 215
Flag Rnk 515 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $100M in Soybean Oil, making it the 28th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 90th most exported product in Saudi Arabia. The main destination of Soybean Oil exports from Saudi Arabia are: Jordan ($53.9M), United Arab Emirates ($25.7M), Kuwait ($12.7M), Oman ($5.34M), and Malaysia ($1.84M).

The fastest growing export markets for Soybean Oil of Saudi Arabia between 2021 and 2022 were Jordan ($24M), Kuwait ($11.8M), and Oman ($225k).

Imports In 2022, Saudi Arabia imported $28M in Soybean Oil, becoming the 68th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 515th most imported product in Saudi Arabia. Saudi Arabia imports Soybean Oil primarily from: Germany ($19.2M), United States ($3.81M), Malaysia ($1.24M), Ukraine ($1.09M), and Canada ($935k).

The fastest growing import markets in Soybean Oil for Saudi Arabia between 2021 and 2022 were Germany ($19.1M), Ukraine ($1.09M), and Turkey ($716k).

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)$100M
IMPORTS (2022)$28M
NET TRADE (2022)$72.2M

In 2022, Saudi Arabia exported $100M in Soybean Oil. The main destinations of Saudi Arabia exports on Soybean Oil were Jordan ($53.9M), United Arab Emirates ($25.7M), Kuwait ($12.7M), Oman ($5.34M), and Malaysia ($1.84M).

In 2022, Saudi Arabia imported $28M in Soybean Oil, mainly from Germany ($19.2M), United States ($3.81M), Malaysia ($1.24M), Ukraine ($1.09M), and Canada ($935k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Jordan$24M (80.1%)
Kuwait$11.8M (1.28k%)
Oman$225k (4.41%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Saudi Arabia WERE (2021 - 2022):
United Arab Emirates-$7.96M (-23.6%)
Malaysia-$3.41M (-64.9%)
Yemen-$2.21M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Soybean Oil were:
In 2022, Saudi Arabia'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 POTENTIALMalaysia+ $770k
TOP IMPORT POTENTIALUnited States+ $1.41M

Soybean Oil’s highest export potential is Malaysia. With an export gap of $770k.   Soybean Oil’s highest import potential is United States with an import gap of $1.41M.

See methodology.

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