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2022
Exports $2.86MWorld Rnk 68 / 124
Flag Rnk 406 / 1142
2022
Destination $945k Guatemala
2021 - 2022
FASTEST GROWING MARKET $945kGuatemala
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $1.39BWorld Rnk 8 / 174
Flag Rnk 6 / 1183
2022
Origin $230M United States
2021 - 2022
FASTEST GROWING ORIGIN $230MBolivia
2022
ECONOMIC COMPLEXITY of Colombia0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $2.86M in Soybean Meal, making it the 68th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 406th most exported product in Colombia. The main destination of Soybean Meal exports from Colombia are: Guatemala ($2.86M) and Chile ($242).

The fastest growing export markets for Soybean Meal of Colombia between 2021 and 2022 were Guatemala ($945k) and Chile ($242).

Imports In 2022, Colombia imported $1.39B in Soybean Meal, becoming the 8th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 6th most imported product in Colombia. Colombia imports Soybean Meal primarily from: United States ($766M), Bolivia ($554M), Argentina ($67.2M), Brazil ($462k), and United Kingdom ($381k).

The fastest growing import markets in Soybean Meal for Colombia between 2021 and 2022 were Bolivia ($230M), United States ($220M), and United Kingdom ($381k).

Latest Trends

Oct 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 (2022)$2.86M
IMPORTS (2022)$1.39B
NET TRADE (2022)-$1.39B

In 2022, Colombia exported $2.86M in Soybean Meal. The main destinations of Colombia exports on Soybean Meal were Guatemala ($2.86M) and Chile ($242).

In 2022, Colombia imported $1.39B in Soybean Meal, mainly from United States ($766M), Bolivia ($554M), Argentina ($67.2M), Brazil ($462k), and United Kingdom ($381k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Guatemala$945k (49.3%)
Chile$242 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Colombia WERE (2021 - 2022):Spain-$168 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Soybean Meal were:
Argentina $12B
Brazil $10.4B
United States $5.2B
In 2022, Colombia'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 POTENTIALChile+ $4.05k
TOP IMPORT POTENTIALArgentina+ $36.5M

Soybean Meal’s highest export potential is Chile. With an export gap of $4.05k.   Soybean Meal’s highest import potential is Argentina with an import gap of $36.5M.

See methodology.

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