Overview: In 2018, Soybean Meal were the world's 140th most traded product, with a total trade of $27B. Between 2017 and 2018 the exports of Soybean Meal grew by 17.6%, from $23B to $27B. Trade in Soybean Meal represent 0.15% of total world trade.
Exports: In 2018 the top exporters of Soybean Meal were Argentina ($9.2B), Brazil ($6.8B), United States ($4.18B), Netherlands ($1.15B), and Paraguay ($945M).
Imports: In 2018 the top importers of Soybean Meal were Indonesia ($1.78B), Vietnam ($1.77B), Netherlands ($1.51B), Thailand ($1.21B), and Germany ($1.2B).
Tariffs: In 2018 the average tariff for Soybean Meal was 2.96%, been the 1144 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Soybean Meal are Thailand (61.5%), Iceland (52.7%), Bahamas (40.2%), Venezuela (38.5%), and Maldives (24.5%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritania (0%), Mauritius (0%), and United Arab Emirates (0%).
Ranking: Soybean Meal ranks 798th in the Product Complexity Index (PCI).