HS Icon Soya-bean oil-cake and other solid residues

230400 (Harmonized System 1992 for 6-digit)

World Trade (2018): $27B, Rnk 94 / 4726

Top Exporter (2018): $9.2B, Argentina

Top Importer (2018): $1.78B, Indonesia

Product Complexity (2018): -0.9, Rnk 3894 / 4873

Export Growth (CAGR)(2017 - 2018): 17.6%, Rnk 1595 / 4726

Mean Tariff (2018): 2.96%, Rnk 5740 / 6538

Share of World Trade (2018): 0.15%, Rnk 94 / 4726

Overview:  This page contains the latest trade data of Soya-bean oil-cake and other solid residues. In 2018, Soya-bean oil-cake and other solid residues were the world's 94th most traded product, with a total trade of $27B. Between 2017 and 2018 the exports of Soya-bean oil-cake and other solid residues grew by 17.6%, from  $23B to $27B. Trade in Soya-bean oil-cake and other solid residues represent 0.15% of total world trade.

Exports: In 2018 the top exporters of Soya-bean oil-cake and other solid residues  were Argentina ($9.2B), Brazil ($6.8B), United States ($4.18B), Netherlands ($1.15B), and Paraguay ($945M).

Imports: In 2018 the top importers of Soya-bean oil-cake and other solid residues were Indonesia ($1.78B), Vietnam ($1.77B), Netherlands ($1.51B), Thailand ($1.21B), and Germany ($1.2B).

Tariffs: In 2018 the average tariff for Soya-bean oil-cake and other solid residues was 2.96%, been the 5740 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Soya-bean oil-cake and other solid residues 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: Soya-bean oil-cake and other solid residues ranks 3894th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Argentina, $9.2B

Top Destination (2018): Indonesia, $1.78B

Soya-bean oil-cake and other solid residues are the world's 94th most traded product.

In 2018, the top exporters of Soya-bean oil-cake and other solid residues were Argentina ($9.2B), Brazil ($6.8B), United States ($4.18B), Netherlands ($1.15B), and Paraguay ($945M).

In 2018, the top importers of Soya-bean oil-cake and other solid residues were Indonesia ($1.78B), Vietnam ($1.77B), Netherlands ($1.51B), Thailand ($1.21B), and Germany ($1.2B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Brazil, $1.76B

Top Destination Growth (2017 - 2018): Vietnam, $340M

Between 2017 and 2018, the exports of Soya-bean oil-cake and other solid residues grew the fastest in Brazil ($1.76B), United States ($908M), Netherlands ($320M), Paraguay ($204M), and China ($117M).

Between 2017 and 2018, the fastest growing importers of Soya-bean oil-cake and other solid residues were Vietnam ($340M), Thailand ($321M), Poland ($320M), Germany ($306M), and Iran ($264M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Soya-bean oil-cake and other solid residues.

In 2018,  market concentration measured using Shannon Entropy, was 2.98. This means that most of the exports of Soya-bean oil-cake and other solid residues are explained by 7 countries.

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TOP NET EXPORTER (2018): Argentina, $9.17B

TOP NET IMPORTER (2018): Indonesia, $1.78B

This map shows which countries export or import more of Soya-bean oil-cake and other solid residues. Each country is colored based on the difference in exports and imports of Soya-bean oil-cake and other solid residues during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Soya-bean oil-cake and other solid residues were Argentina ($9.17B), Brazil ($6.8B), United States ($3.94B), Paraguay ($945M), and India ($878M).

In 2018, the countries that had a largest trade value in imports than in exports of Soya-bean oil-cake and other solid residues were Indonesia ($1.78B), Vietnam ($1.75B), Thailand ($1.19B), Poland ($1.03B), and France ($1.02B).

Trade Forecasts

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This section shows forecasts for total trade for Soya-bean oil-cake and other solid residues. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Soya-bean oil-cake and other solid residues was 2.96%.  The countries with the highest tariffs for importing Soya-bean oil-cake and other solid residues were Thailand (61.5%), Iceland (52.7%), Bahamas (40.2%), Venezuela (38.5%), and Maldives (24.5%).

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Product Complexity

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Diversification Frontier

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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.