Overview: This page contains the latest trade data of Soybean Meal. In 2019, Soybean Meal were the world's 155th most traded product, with a total trade of $24.7B. Between 2018 and 2019 the exports of Soybean Meal decreased by -10.5%, from $27.6B to $24.7B. Trade in Soybean Meal represent 0.14% of total world trade.
Exports: In 2019 the top exporters of Soybean Meal were Argentina ($8.81B), Brazil ($5.9B), United States ($3.59B), Netherlands ($1.12B), and India ($792M).
Imports: In 2019 the top importers of Soybean Meal were Vietnam ($1.53B), Indonesia ($1.52B), Netherlands ($1.2B), Germany ($1.16B), and France ($1.05B).
Tariffs: In 2018 the average tariff for Soybean Meal was 2.96%, making it the 1144th 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 808th in the Product Complexity Index (PCI).