2023
Exports
$3.38MWorld Rnk 62 / 121
Flag Rnk 663 / 1208
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$401MWorld Rnk 30 / 175
Flag Rnk 120 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $3.38M in Soybean Meal, making it the 62nd largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 663rd most exported product in Australia. The main destination of Soybean Meal exports from Australia are: Fiji ($3.26M), China ($103k), Papua New Guinea ($8.58k), New Zealand ($8.22k), and Thailand ($100).

The fastest growing export markets for Soybean Meal of Australia between 2022 and 2023 were China ($33.2k) and Thailand ($87).

Imports In 2023, Australia imported $401M in Soybean Meal, becoming the 30th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 120th most imported product in Australia. Australia imports Soybean Meal primarily from: Argentina ($380M), Antigua and Barbuda ($10.9M), Netherlands ($4.42M), China ($1.69M), and Malaysia ($1.65M).

The fastest growing import markets in Soybean Meal for Australia between 2022 and 2023 were Netherlands ($3.84M), Antigua and Barbuda ($3.38M), and Sri Lanka ($13.7k).

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)$3.38M
IMPORTS (2023)$401M
NET TRADE (2023)-$397M

In 2023, Australia exported $3.38M in Soybean Meal. The main destinations of Australia exports on Soybean Meal were Fiji ($3.26M), China ($103k), Papua New Guinea ($8.58k), New Zealand ($8.22k), and Thailand ($100).

In 2023, Australia imported $401M in Soybean Meal, mainly from Argentina ($380M), Antigua and Barbuda ($10.9M), Netherlands ($4.42M), China ($1.69M), and Malaysia ($1.65M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Australia WERE (2022 - 2023):
China$33.2k (47.9%)
Thailand$87 (669%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Australia WERE (2022 - 2023):
Fiji-$561k (-14.7%)
New Zealand-$198k (-96%)
South Korea-$25.2k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $39.3k
TOP IMPORT POTENTIALBrazil+ $11M

Soybean Meal’s highest export potential is South Korea. With an export gap of $39.3k.   Soybean Meal’s highest import potential is Brazil with an import gap of $11M.

See methodology.

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