2023
Exports
$8.34BWorld Rnk 2 / 121
Flag Rnk 1 / 1111
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$76MWorld Rnk 66 / 175
Flag Rnk 170 / 1171
2023
ECONOMIC COMPLEXITY of Argentina
0.043Rnk 61 / 132

About

Exports In 2023, Argentina exported $8.34B in Soybean Meal, making it the 2nd largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 1st most exported product in Argentina. The main destination of Soybean Meal exports from Argentina are: Vietnam ($1.09B), Indonesia ($654M), Malaysia ($596M), Italy ($497M), and Turkey ($464M).

The fastest growing export markets for Soybean Meal of Argentina between 2022 and 2023 were Egypt ($239M), Peru ($81.2M), and Greece ($52.9M).

Imports In 2023, Argentina imported $76M in Soybean Meal, becoming the 66th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 170th most imported product in Argentina. Argentina imports Soybean Meal primarily from: Paraguay ($72.1M), United Kingdom ($2.92M), Bolivia ($416k), Brazil ($410k), and United States ($78.4k).

The fastest growing import markets in Soybean Meal for Argentina between 2022 and 2023 were United Kingdom ($2.65M), Brazil ($205k), and Bolivia ($203k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.34B
IMPORTS (2023)$76M
NET TRADE (2023)$8.27B

In 2023, Argentina exported $8.34B in Soybean Meal. The main destinations of Argentina exports on Soybean Meal were Vietnam ($1.09B), Indonesia ($654M), Malaysia ($596M), Italy ($497M), and Turkey ($464M).

In 2023, Argentina imported $76M in Soybean Meal, mainly from Paraguay ($72.1M), United Kingdom ($2.92M), Bolivia ($416k), Brazil ($410k), and United States ($78.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Argentina WERE (2022 - 2023):
Egypt$239M (190%)
Peru$81.2M (105%)
Greece$52.9M (27.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Argentina WERE (2022 - 2023):
Indonesia-$623M (-48.8%)
Poland-$534M (-69.5%)
Spain-$472M (-62.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Argentina's main exporting competitors in Soybean Meal were:
In 2023, Argentina's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChile+ $44M
TOP IMPORT POTENTIALParaguay+ $4.01M

Soybean Meal’s highest export potential is Chile. With an export gap of $44M.   Soybean Meal’s highest import potential is Paraguay with an import gap of $4.01M.

See methodology.

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