NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $211MWorld Rnk 14 / 121
Flag Rnk 262 / 1212
2023
Destination $10M United States
2022 - 2023
FASTEST GROWING MARKET $10MPortugal
2023
PRODUCT COMPLEXITY IN Soybean Meal-1.09Rnk 852 / 1025
2023
Imports $585MWorld Rnk 21 / 175
Flag Rnk 182 / 1211
2023
Origin $1.46M United States
2022 - 2023
FASTEST GROWING ORIGIN $1.46MUnited Arab Emirates
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $211M in Soybean Meal, making it the 14th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 262nd most exported product in Canada. The main destination of Soybean Meal exports from Canada are: United States ($158M), United Kingdom ($32.8M), Portugal ($10M), Ireland ($4.49M), and Netherlands ($3.58M).

The fastest growing export markets for Soybean Meal of Canada between 2022 and 2023 were Portugal ($10M), Netherlands ($3.58M), and United Kingdom ($1.7M).

Imports In 2023, Canada imported $585M in Soybean Meal, becoming the 21st largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 182nd most imported product in Canada. Canada imports Soybean Meal primarily from: United States ($555M), India ($9.57M), Uganda ($7.89M), Togo ($4.92M), and Ethiopia ($3.28M).

The fastest growing import markets in Soybean Meal for Canada between 2022 and 2023 were United Arab Emirates ($1.46M), Ethiopia ($1.09M), and Benin ($274k).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Soybean Meal exports accounted up to C$19.8M and imports accounted up to C$59.8M, resulting in a negative trade balance of C$40M. Between December 2023 and December 2024 the exports of Canada's   Soybean Meal have decreased by C$-7.84M (-28.4%) from C$27.6M to C$19.8M, while imports decreased by C$-10.6M (-15.1%) from C$70.4M to C$59.8M.

Destinations In December 2024, Soybean Meal were exported mostly to United States (C$14.6M), United Kingdom (C$5.17M), and France (C$49), and were imported mostly from United States (C$59M), India (C$527k), Togo (C$265k), Brazil (C$33.6k), and France (C$8.97k).

Growth In December 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to United States (C$-12.6M or -46.2%) and France (C$-32 or -56.1%). In December 2024, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from India (C$-882k or -49.8%) and China (C$-457k or -68.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-7.84M(-28.4%)
IMPORT GROWTH (December 2023 - December 2024)C$-10.6M(-15.1%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$14.6M

This section shows Soybean Meal's exports and imports data at subnational level for Canada. 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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$211M
IMPORTS (2023)$585M
NET TRADE (2023)-$374M

In 2023, Canada exported $211M in Soybean Meal. The main destinations of Canada exports on Soybean Meal were United States ($158M), United Kingdom ($32.8M), Portugal ($10M), Ireland ($4.49M), and Netherlands ($3.58M).

In 2023, Canada imported $585M in Soybean Meal, mainly from United States ($555M), India ($9.57M), Uganda ($7.89M), Togo ($4.92M), and Ethiopia ($3.28M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Portugal$10M (1%)
Netherlands$3.58M (4.07M%)
United Kingdom$1.7M (5.47%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Canada WERE (2022 - 2023):
United States-$33.8M (-17.6%)
Ireland-$10.1M (-69.2%)
Spain-$5.45M (-100%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Soybean Meal were:
Brazil $11B
Argentina $8.34B
United States $6.9B
In 2023, Canada's main importing competitors in Soybean Meal were:
Indonesia $2.6B
Vietnam $2.2B
Thailand $1.7B

Explore Visualizations

Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $3.74M
TOP IMPORT POTENTIALIndia+ $9.01M

Soybean Meal’s highest export potential is Spain. With an export gap of $3.74M.   Soybean Meal’s highest import potential is India with an import gap of $9.01M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms