Soybean Meal2020 World Trade: $24.6B, Rnk 147 / 1217
2020 Top Exporter | Top Importer: $7.89B | $1.7B, Argentina | Vietnam
2020 Product Complexity: -1.13, Rnk 874 / 1028
2019 - 2020 Export Growth (CAGR): -0.92%, Rnk 374 / 1217
2018 Mean Tariff: 3.05%, Rnk 1144 / 1259
2020 Share of World Trade: 0.15%, Rnk 147 / 1217
Overview This page contains the latest trade data of Soybean Meal. In 2020, Soybean Meal were the world's 147th most traded product, with a total trade of $24.6B. Between 2019 and 2020 the exports of Soybean Meal decreased by -0.92%, from $24.8B to $24.6B. 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 2020 the top exporters of Soybean Meal were Argentina ($7.89B), Brazil ($5.99B), United States ($3.76B), Netherlands ($1.3B), and Germany ($703M).
Imports In 2020 the top importers of Soybean Meal were Vietnam ($1.7B), Indonesia ($1.56B), Germany ($1.18B), France ($1.05B), and Netherlands ($953M).
Tariffs In 2018 the average tariff for Soybean Meal was 3.05%, making it the 1144th lowest tariff using the HS4 product classification.
Ranking Soybean Meal ranks 874th in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Soybean Meal are the world's 147th most traded product.
In 2020, the top exporters of Soybean Meal were Argentina ($7.89B), Brazil ($5.99B), United States ($3.76B), Netherlands ($1.3B), and Germany ($703M).
In 2020, the top importers of Soybean Meal were Vietnam ($1.7B), Indonesia ($1.56B), Germany ($1.18B), France ($1.05B), and Netherlands ($953M).
Trade by country
Top Origin Growth (2019 - 2020): United States, $210M
Top Destination Growth (2019 - 2020): Vietnam, $180M
Between 2019 and 2020, the exports of Soybean Meal grew the fastest in United States ($210M), Germany ($95M), Brazil ($78.4M), Switzerland ($72.4M), and Nigeria ($66.4M).
Between 2019 and 2020, the fastest growing importers of Soybean Meal were Vietnam ($180M), Iraq ($118M), Israel ($95.1M), Turkey ($71M), and Poland ($69.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Soybean Meal.
In 2020, market concentration measured using Shannon Entropy, was 3.18. This means that most of the exports of Soybean Meal are explained by 9 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Soybean Meal were Argentina ($7.89B), Brazil ($5.99B), United States ($3.4B), Paraguay ($684M), and India ($669M).
In 2020, the countries that had a largest trade value in imports than in exports of Soybean Meal were Vietnam ($1.66B), Indonesia ($1.56B), France ($1.03B), Thailand ($874M), and Poland ($855M).
In 2020, the world most traded Soybean Meal, disaggragated by their HS6 level were Soya-bean oil-cake and other solid residues ($24.6B)
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.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb