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2023
Exports $11BWorld Rnk 1 / 121
Flag Rnk 6 / 1207
2023
Destination $524M Indonesia
2022 - 2023
FASTEST GROWING MARKET $524MPoland
2023
PRODUCT COMPLEXITY IN Soybean Meal-1.09Rnk 852 / 1025
2023
Imports $4.16MWorld Rnk 124 / 175
Flag Rnk 899 / 1200
2023
Origin $3.68M United Kingdom
2022 - 2023
FASTEST GROWING ORIGIN $3.68MUnited Kingdom
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $11B in Soybean Meal, making it the 1st largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 6th most exported product in Brazil. The main destination of Soybean Meal exports from Brazil are: Indonesia ($1.85B), Thailand ($1.61B), Poland ($848M), France ($823M), and Germany ($793M).

The fastest growing export markets for Soybean Meal of Brazil between 2022 and 2023 were Poland ($524M), Indonesia ($223M), and Thailand ($216M).

Imports In 2023, Brazil imported $4.16M in Soybean Meal, becoming the 124th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 899th most imported product in Brazil. Brazil imports Soybean Meal primarily from: United Kingdom ($3.68M), United States ($356k), Germany ($110k), Bolivia ($10.6k), and New Zealand ($2.2k).

The fastest growing import markets in Soybean Meal for Brazil between 2022 and 2023 were United Kingdom ($3.68M), Germany ($25.4k), and Bolivia ($10.6k).

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Soybean Meal exports accounted up to $773M and imports accounted up to $30.8k, resulting in a positive trade balance of $773M. Between December 2023 and December 2024 the exports of Brazil's   Soybean Meal have decreased by $-170M (-18%) from $943M to $773M, while imports increased by $24.3k (372%) from $6.53k to $30.8k.

Destinations In December 2024, Soybean Meal were exported mostly to Indonesia ($138M), Netherlands ($97.4M), Thailand ($71.6M), Germany ($68.3M), and Spain ($64M), and were imported mostly from United States ($30.8k).

Growth In December 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to Germany ($-92.6M or -82.2%), Netherlands ($-36.3M or -29.3%), and Italy ($-32.6M or -93%). In December 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 (December 2023 - December 2024)$-170M(-18%)
IMPORT GROWTH (November 2023 - December 2024)$24.3k(372%)
MAIN EXPORTER (December 2024)Mato Grosso$349M
MAIN DESTINATION (December 2024)Indonesia$138M

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 (2023)$11B
IMPORTS (2023)$4.16M
NET TRADE (2023)$11B

In 2023, Brazil exported $11B in Soybean Meal. The main destinations of Brazil exports on Soybean Meal were Indonesia ($1.85B), Thailand ($1.61B), Poland ($848M), France ($823M), and Germany ($793M).

In 2023, Brazil imported $4.16M in Soybean Meal, mainly from United Kingdom ($3.68M), United States ($356k), Germany ($110k), Bolivia ($10.6k), and New Zealand ($2.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
Poland$524M (162%)
Indonesia$223M (13.7%)
Thailand$216M (15.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Brazil WERE (2022 - 2023):
Vietnam-$105M (-12.6%)
Netherlands-$91.3M (-10.4%)
Japan-$77.4M (-21.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Soybean Meal were:
Argentina $8.34B
United States $6.9B
In 2023, Brazil's main importing competitors in Soybean Meal were:
Indonesia $2.6B
Vietnam $2.2B
Thailand $1.7B

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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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