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2022
Exports $8.15MWorld Rnk 54 / 124
Flag Rnk 883 / 1216
2022
Destination $3.64M Paraguay
2021 - 2022
FASTEST GROWING MARKET $3.64MParaguay
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $654MWorld Rnk 18 / 174
Flag Rnk 199 / 1214
2022
Origin $43.6M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $43.6MIreland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $8.15M in Soybean Meal, making it the 54th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 883rd most exported product in United Kingdom. The main destination of Soybean Meal exports from United Kingdom are: Paraguay ($3.64M), Ireland ($3.1M), Colombia ($381k), Nicaragua ($293k), and Argentina ($277k).

The fastest growing export markets for Soybean Meal of United Kingdom between 2021 and 2022 were Paraguay ($3.64M), Colombia ($381k), and Nicaragua ($293k).

Imports In 2022, United Kingdom imported $654M in Soybean Meal, becoming the 18th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 199th most imported product in United Kingdom. United Kingdom imports Soybean Meal primarily from: Argentina ($283M), Netherlands ($100M), Paraguay ($66.5M), Ireland ($62.4M), and Canada ($35.1M).

The fastest growing import markets in Soybean Meal for United Kingdom between 2021 and 2022 were Ireland ($43.6M), China ($15.4M), and Germany ($10.3M).

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Soybean Meal exports accounted up to £1.65M and imports accounted up to £62.7M, resulting in a negative trade balance of £61M. Between July 2023 and July 2024 the exports of United Kingdom's   Soybean Meal have decreased by £-335k (-16.9%) from £1.99M to £1.65M, while imports decreased by £-14.3M (-18.6%) from £77M to £62.7M.

Destinations In July 2024, Soybean Meal were exported mostly to Ireland (£1.65M), and were imported mostly from Argentina (£46.1M), United States (£5.73M), Ireland (£3.48M), Germany (£3.01M), and Netherlands (£1.12M).

Growth In July 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-3.05M or -35.7%) and China (£-921k or -60.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)£-335k(-16.9%)
IMPORT GROWTH (July 2023 - July 2024)£-14.3M(-18.6%)
MAIN EXPORTER (July 2024)Liverpool£2.2M
MAIN DESTINATION (July 2024)Ireland£1.65M

This section shows Soybean Meal's exports and imports data at subnational level for United Kingdom. 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 (2022)$8.15M
IMPORTS (2022)$654M
NET TRADE (2022)-$646M

In 2022, United Kingdom exported $8.15M in Soybean Meal. The main destinations of United Kingdom exports on Soybean Meal were Paraguay ($3.64M), Ireland ($3.1M), Colombia ($381k), Nicaragua ($293k), and Argentina ($277k).

In 2022, United Kingdom imported $654M in Soybean Meal, mainly from Argentina ($283M), Netherlands ($100M), Paraguay ($66.5M), Ireland ($62.4M), and Canada ($35.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Paraguay$3.64M (1%)
Colombia$381k (1%)
Nicaragua$293k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY United Kingdom WERE (2021 - 2022):
Iran-$115M (-100%)
Ireland-$32.8M (-91.4%)
Sweden-$3.45M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Soybean Meal were:
Argentina $12B
Brazil $10.4B
United States $5.2B
In 2022, United Kingdom'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 POTENTIALIreland+ $713k
TOP IMPORT POTENTIALUnited States+ $22.9M

Soybean Meal’s highest export potential is Ireland. With an export gap of $713k.   Soybean Meal’s highest import potential is United States with an import gap of $22.9M.

See methodology.

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