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Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil

2304 (Harmonized System 1992 for 4-digit)

2022
World Trade $36.3BRnk 124 / 1218
2022
Top Exporter | Top Importer $12B | $2.92BArgentina | Indonesia
2022
Product Complexity -1.17Rnk 887 / 1033
2021 - 2022
Export Growth (CAGR) 19.7%Rnk 190 / 1218
2022
Share of World Trade 0.15%Rnk 124 / 1218

About

Overview This page contains the latest trade data of Soybean Meal. In 2022, Soybean Meal were the world's 124th most traded product, with a total trade of $36.3B. Between 2021 and 2022 the exports of Soybean Meal grew by 19.7%, from $30.4B to $36.3B. Trade in Soybean Meal represent 0.15% of total world trade.

Soybean Meal are a part of Food residues & wastes; animal fodder. They include Soya-bean oil-cake and other solid residues.

Exports In 2022 the top exporters of Soybean Meal  were Argentina ($12B), Brazil ($10.4B), United States ($5.2B), Netherlands ($1.21B), and Bolivia ($1.03B).

Imports In 2022 the top importers of Soybean Meal were Indonesia ($2.92B), Vietnam ($2.5B), Germany ($1.71B), Poland ($1.47B), and Netherlands ($1.44B).

Ranking Soybean Meal ranks 887th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Soybean Meal. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Argentina$12B
Top Destination (2022)Indonesia$2.92B

In 2022 Soybean Meal were the world's 124th most traded product (out of 1,218).

In 2022, the top exporters of Soybean Meal were Argentina ($12B), Brazil ($10.4B), United States ($5.2B), Netherlands ($1.21B), and Bolivia ($1.03B).

In 2022, the top importers of Soybean Meal were Indonesia ($2.92B), Vietnam ($2.5B), Germany ($1.71B), Poland ($1.47B), and Netherlands ($1.44B).

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Exporters of Soybean Meal (2022)
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Importers of Soybean Meal (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Argentina$3.27B
Top Destination Growth (2021 -  2022)Indonesia$542M

Between 2021 and 2022, the exports of Soybean Meal grew the fastest in Argentina ($3.27B), Brazil ($2.94B), United States ($642M), Bolivia ($311M), and Turkey ($203M).

Between 2021 and 2022, the fastest growing importers of Soybean Meal were Indonesia ($542M), Germany ($488M), Vietnam ($398M), Colombia ($395M), and Australia ($361M).

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Exporters of Soybean Meal (2021 - 2022)

Importers of Soybean Meal (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Soybean Meal.

In 2022, market concentration measured using Shannon Entropy, was 3.06. This means that most of the exports of Soybean Meal are explained by 8 countries.

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Value of Exports in Soybean Meal

Net Trade

TOP NET EXPORTER (2022)Argentina$11.9B
TOP NET IMPORTER (2022)Indonesia$2.92B

This map shows which countries export or import more of Soybean Meal. Each country is colored based on the difference in exports and imports of Soybean Meal during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Soybean Meal were Argentina ($11.9B), Brazil ($10.4B), United States ($4.63B), Bolivia ($1.03B), and Paraguay ($585M).

In 2022, the countries that had a largest trade value in imports than in exports of Soybean Meal were Indonesia ($2.92B), Vietnam ($2.41B), France ($1.41B), Colombia ($1.39B), and Poland ($1.37B).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Soybean Meal.
It is possible to select the main countries that export or import Soybean Meal in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Soybean Meal by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALItaly+ $54.2M
TOP IMPORT POTENTIALParaguay+ $936k

Soybean Meal’s highest export potential is Italy. With an export gap of $54.2M.  Soybean Meal’s highest import potential is Paraguay with an import gap of $936k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Soybean Meal.

Country by Relatedness

The following visualization shows the relatedness of Soybean Meal to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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