Soybean Meal in Ghana | The Observatory of Economic Complexity

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Exports In 2023, Ghana exported $5.54M in Soybean Meal, making it the 57th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 100th most exported product in Ghana. The main destination of Soybean Meal exports from Ghana are: United States ($4.61M), United Kingdom ($515k), Ireland ($209k), Togo ($112k), and France ($85.9k).

The fastest growing export markets for Soybean Meal of Ghana between 2022 and 2023 were United States ($4.61M), United Kingdom ($515k), and Ireland ($209k).

Imports In 2023, Ghana imported $47.9M in Soybean Meal, becoming the 79th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 80th most imported product in Ghana. Ghana imports Soybean Meal primarily from: Argentina ($25.4M), Nigeria ($9.92M), Brazil ($5.85M), United States ($5.08M), and Benin ($929k).

The fastest growing import markets in Soybean Meal for Ghana between 2022 and 2023 were Nigeria ($9.92M), Brazil ($5.85M), and Benin ($929k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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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

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Trade Value

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Growth (%)

Year

EXPORTS (2023)$5.54M

IMPORTS (2023)$47.9M

NET TRADE (2023)-$42.3M

In 2023, Ghana exported $5.54M in Soybean Meal. The main destinations of Ghana exports on Soybean Meal were United States ($4.61M), United Kingdom ($515k), Ireland ($209k), Togo ($112k), and France ($85.9k).

In 2023, Ghana imported $47.9M in Soybean Meal, mainly from Argentina ($25.4M), Nigeria ($9.92M), Brazil ($5.85M), United States ($5.08M), and Benin ($929k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

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Imports

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Ending

THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Ghana WERE (2022 - 2023):

United States$4.61M (6.23M%)

United Kingdom$515k (1%)

Ireland$209k (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Ghana WERE (2022 - 2023):

Burkina Faso-$35.2k (-88.4%)

Mali-$10.5k (-100%)

Netherlands-$252 (-52.6%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Ghana's main exporting competitors in Soybean Meal were:

Brazil $11B

Argentina $8.34B

United States $6.9B

In 2023, Ghana'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

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TOP EXPORT POTENTIALNetherlands+ $1.38k

TOP IMPORT POTENTIALBrazil+ $672

Soybean Meal’s highest export potential is Netherlands. With an export gap of $1.38k. Soybean Meal’s highest import potential is Brazil with an import gap of $672.

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

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