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2023
Exports $95.1MWorld Rnk 19 / 121
Flag Rnk 494 / 1215
2023
Destination $12.2M France
2022 - 2023
FASTEST GROWING MARKET $12.2MBelgium
2023
PRODUCT COMPLEXITY IN Soybean Meal-1.09Rnk 852 / 1025
2023
Imports $931MWorld Rnk 10 / 175
Flag Rnk 106 / 1214
2023
Origin $24.3M Brazil
2022 - 2023
FASTEST GROWING ORIGIN $24.3MUnited States
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $95.1M in Soybean Meal, making it the 19th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 494th most exported product in Spain. The main destination of Soybean Meal exports from Spain are: France ($47.1M), Portugal ($18.1M), Belgium ($12.2M), Italy ($8.84M), and Malta ($8.19M).

The fastest growing export markets for Soybean Meal of Spain between 2022 and 2023 were Belgium ($12.2M), Malta ($2.74M), and Italy ($866k).

Imports In 2023, Spain imported $931M in Soybean Meal, becoming the 10th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 106th most imported product in Spain. Spain imports Soybean Meal primarily from: Brazil ($514M), Argentina ($279M), Germany ($52.3M), United States ($42.4M), and Portugal ($18.2M).

The fastest growing import markets in Soybean Meal for Spain between 2022 and 2023 were United States ($24.3M), Brazil ($7.68M), and Paraguay ($6.24M).

Latest Trends

December 2024

About

Overview In December 2024 Spain's Soybean Meal exports accounted up to €6.01M and imports accounted up to €114M, resulting in a negative trade balance of €108M. Between December 2023 and December 2024 the exports of Spain's   Soybean Meal have decreased by €-11.3M (-65.3%) from €17.3M to €6.01M, while imports increased by €48M (72.1%) from €66.5M to €114M.

Destinations In December 2024, Soybean Meal were exported mostly to France (€3.75M), Portugal (€1.36M), Malta (€880k), Ukraine (€9.27k), and Poland (€9.19k), and were imported mostly from Argentina (€54.6M), Brazil (€40M), Bolivia (€9.68M), Paraguay (€6.02M), and Germany (€3M).

Growth In December 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to Italy (€-1.96M or -99.8%) and France (€-1.28M or -24.6%). In December 2024, the increase in Soybean Meal's year-by-year imports was explained primarily by an increase in imports from Brazil (€17M or 31.7%), Germany (€2.35M or 47%), and Serbia (€78.3k or 331%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-11.3M(-65.3%)
IMPORT GROWTH (December 2023 - December 2024)€48M(72.1%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)France€3.75M

This section shows Soybean Meal's exports and imports data at subnational level for Spain. 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)$95.1M
IMPORTS (2023)$931M
NET TRADE (2023)-$836M

In 2023, Spain exported $95.1M in Soybean Meal. The main destinations of Spain exports on Soybean Meal were France ($47.1M), Portugal ($18.1M), Belgium ($12.2M), Italy ($8.84M), and Malta ($8.19M).

In 2023, Spain imported $931M in Soybean Meal, mainly from Brazil ($514M), Argentina ($279M), Germany ($52.3M), United States ($42.4M), and Portugal ($18.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Belgium$12.2M (1%)
Malta$2.74M (50.4%)
Italy$866k (10.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Spain WERE (2022 - 2023):
Cyprus-$4.79M (-97.2%)
Turkey-$3.66M (-100%)
Libya-$2.47M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Soybean Meal were:
Brazil $11B
Argentina $8.34B
United States $6.9B
In 2023, Spain'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 POTENTIALFrance+ $5.79M
TOP IMPORT POTENTIALUnited States+ $17.5M

Soybean Meal’s highest export potential is France. With an export gap of $5.79M.   Soybean Meal’s highest import potential is United States with an import gap of $17.5M.

See methodology.

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