2020
Exports
$433kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2020
Imports
$100MWorld Rnk 60 / 175
Flag Rnk 32 / 1170
2023
ECONOMIC COMPLEXITY of Azerbaijan
-0.43Rnk 84 / 132

About

Imports In 2023, Azerbaijan imported $100M in Soybean Meal, becoming the 60th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 32nd most imported product in Azerbaijan. Azerbaijan imports Soybean Meal primarily from: Argentina ($46.7M), Russia ($16.1M), Georgia ($15.8M), Turkey ($11.1M), and Brazil ($6.41M).

The fastest growing import markets in Soybean Meal for Azerbaijan between 2022 and 2023 were Georgia ($8.32M), Russia ($8.28M), and Argentina ($7.95M).

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 (2020)$433k
IMPORTS (2023)$100M
NET TRADE (2023)-$100M

In 2023, Azerbaijan imported $100M in Soybean Meal, mainly from Argentina ($46.7M), Russia ($16.1M), Georgia ($15.8M), Turkey ($11.1M), and Brazil ($6.41M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Azerbaijan's main exporting competitors in Soybean Meal were:
In 2023, Azerbaijan'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 POTENTIALTurkey+ $524
TOP IMPORT POTENTIALBrazil+ $5.39M

Soybean Meal’s highest export potential is Turkey. With an export gap of $524.   Soybean Meal’s highest import potential is Brazil with an import gap of $5.39M.

See methodology.

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