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2022
Exports $10.4BWorld Rnk 2 / 124
Flag Rnk 8 / 1206
2022
Destination $702M Indonesia
2021 - 2022
FASTEST GROWING MARKET $702MIndonesia
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $1.82MWorld Rnk 139 / 174
Flag Rnk 985 / 1198
2022
Origin $45k Paraguay
2021 - 2022
FASTEST GROWING ORIGIN $45kUnited States
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $10.4B in Soybean Meal, making it the 2nd largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 8th most exported product in Brazil. The main destination of Soybean Meal exports from Brazil are: Indonesia ($1.56B), Thailand ($1.33B), Netherlands ($1.01B), Germany ($984M), and Vietnam ($809M).

The fastest growing export markets for Soybean Meal of Brazil between 2021 and 2022 were Indonesia ($702M), Germany ($435M), and Thailand ($291M).

Imports In 2022, Brazil imported $1.82M in Soybean Meal, becoming the 139th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 985th most imported product in Brazil. Brazil imports Soybean Meal primarily from: Paraguay ($1.24M), United States ($497k), Germany ($84.9k), and Mexico ($15).

The fastest growing import markets in Soybean Meal for Brazil between 2021 and 2022 were United States ($45k) and Mexico ($15).

Latest Trends

October 2024

About

Overview In October 2024 Brazil's Soybean Meal exports accounted up to $917M and imports accounted up to $179k, resulting in a positive trade balance of $917M. Between October 2023 and October 2024 the exports of Brazil's   Soybean Meal have increased by $6.61M (0.73%) from $911M to $917M, while imports increased by $156k (685%) from $22.7k to $179k.

Destinations In October 2024, Soybean Meal were exported mostly to Indonesia ($141M), Netherlands ($104M), France ($93.3M), Germany ($86M), and Iran ($79.9M), and were imported mostly from Paraguay ($179k).

Growth In October 2024, the increase in Soybean Meal's year-by-year exports was explained primarily by an increase in exports to Thailand ($81.7M or 216%), Netherlands ($53.9M or 77.2%), and South Korea ($32.4M or 13.3k%). In October 2024, the increase in Soybean Meal's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$6.61M(0.73%)
IMPORT GROWTH (September 2023 - October 2024)$156k(685%)
MAIN EXPORTER (October 2024)Mato Grosso$349M
MAIN DESTINATION (October 2024)Indonesia$141M

This section shows Soybean Meal's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybean Meal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.4B
IMPORTS (2022)$1.82M
NET TRADE (2022)$10.4B

In 2022, Brazil exported $10.4B in Soybean Meal. The main destinations of Brazil exports on Soybean Meal were Indonesia ($1.56B), Thailand ($1.33B), Netherlands ($1.01B), Germany ($984M), and Vietnam ($809M).

In 2022, Brazil imported $1.82M in Soybean Meal, mainly from Paraguay ($1.24M), United States ($497k), Germany ($84.9k), and Mexico ($15).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
Indonesia$702M (81.8%)
Germany$435M (79.1%)
Thailand$291M (28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Brazil WERE (2021 - 2022):
Oman-$52.9M (-89.5%)
South Korea-$26.4M (-4.09%)
United States-$20.5M (-86.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Soybean Meal were:
Argentina $12B
United States $5.2B
In 2022, Brazil's main importing competitors in Soybean Meal were:
Indonesia $2.92B
Vietnam $2.5B
Germany $1.71B

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $54.2M
TOP IMPORT POTENTIALParaguay+ $936k

Soybean Meal’s highest export potential is Italy. With an export gap of $54.2M.   Soybean Meal’s highest import potential is Paraguay with an import gap of $936k.

See methodology.

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