2023
Exports
$49.3kWorld Rnk 100 / 121
Flag Rnk 1065 / 1192
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$2.6BWorld Rnk 1 / 175
Flag Rnk 10 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $49.3k in Soybean Meal, making it the 100th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 1065th most exported product in Indonesia. The main destination of Soybean Meal exports from Indonesia are: Sri Lanka ($30.3k), United States ($12.3k), Timor-Leste ($5.9k), Thailand ($453), and Netherlands ($139).

The fastest growing export markets for Soybean Meal of Indonesia between 2022 and 2023 were Sri Lanka ($30.3k), United States ($8.72k), and Timor-Leste ($5.9k).

Imports In 2023, Indonesia imported $2.6B in Soybean Meal, becoming the 1st largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 10th most imported product in Indonesia. Indonesia imports Soybean Meal primarily from: Brazil ($1.85B), Argentina ($654M), United States ($86.7M), India ($5.7M), and Vietnam ($2.32M).

The fastest growing import markets in Soybean Meal for Indonesia between 2022 and 2023 were Brazil ($223M), United States ($72.5M), and Vietnam ($2.32M).

Latest Trends

Jan 2025

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 (2023)$49.3k
IMPORTS (2023)$2.6B
NET TRADE (2023)-$2.6B

In 2023, Indonesia exported $49.3k in Soybean Meal. The main destinations of Indonesia exports on Soybean Meal were Sri Lanka ($30.3k), United States ($12.3k), Timor-Leste ($5.9k), Thailand ($453), and Netherlands ($139).

In 2023, Indonesia imported $2.6B in Soybean Meal, mainly from Brazil ($1.85B), Argentina ($654M), United States ($86.7M), India ($5.7M), and Vietnam ($2.32M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Sri Lanka$30.3k (1%)
United States$8.72k (245%)
Timor-Leste$5.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Indonesia WERE (2022 - 2023):
Burma-$22.2k (-100%)
Papua New Guinea-$2.55k (-100%)
Hungary-$90 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Soybean Meal were:
In 2023, Indonesia'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 POTENTIALPapua New Guinea+ $2.04k
TOP IMPORT POTENTIALUnited States+ $27.7M

Soybean Meal’s highest export potential is Papua New Guinea. With an export gap of $2.04k.   Soybean Meal’s highest import potential is United States with an import gap of $27.7M.

See methodology.

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