2023
Exports
$37.8MWorld Rnk 36 / 121
Flag Rnk 14 / 858
falsefalse United States
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$757World Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Ethiopia
-0.84Rnk 101 / 132

About

Exports In 2023, Ethiopia exported $37.8M in Soybean Meal, making it the 36th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 14th most exported product in Ethiopia. The main destination of Soybean Meal exports from Ethiopia are: United States ($32.7M), Canada ($3.28M), India ($963k), Pakistan ($794k), and Oman ($74.1k).

The fastest growing export markets for Soybean Meal of Ethiopia between 2022 and 2023 were United States ($12.3M), Canada ($1.09M), and Pakistan ($794k).

Imports In 2021, Ethiopia imported $757 in Soybean Meal, becoming the 0th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 0th most imported product in Ethiopia. Ethiopia imports Soybean Meal primarily from: N/A.

Historical Data

Trade Balance

Color
EXPORTS (2023)$37.8M
IMPORTS (2021)$757
NET TRADE (2023)$37.8M

In 2023, Ethiopia exported $37.8M in Soybean Meal. The main destinations of Ethiopia exports on Soybean Meal were United States ($32.7M), Canada ($3.28M), India ($963k), Pakistan ($794k), and Oman ($74.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Ethiopia WERE (2022 - 2023):
United States$12.3M (60.2%)
Canada$1.09M (50.1%)
Pakistan$794k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Ethiopia WERE (2022 - 2023):
India-$9.79M (-91%)
Spain-$3.44M (-100%)
China-$1.69M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ethiopia's main exporting competitors in Soybean Meal were:
In 2023, Ethiopia's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.87M
TOP IMPORT POTENTIALBrazil+ $665

Soybean Meal’s highest export potential is India. With an export gap of $3.87M.   Soybean Meal’s highest import potential is Brazil with an import gap of $665.

See methodology.

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