2023
Exports
$1.11BWorld Rnk 5 / 121
Flag Rnk 67 / 1212
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$13.1MWorld Rnk 108 / 175
Flag Rnk 825 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $1.11B in Soybean Meal, making it the 5th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 67th most exported product in India. The main destination of Soybean Meal exports from India are: Bangladesh ($272M), Vietnam ($192M), Nepal ($105M), Iran ($96.8M), and Japan ($46.7M).

The fastest growing export markets for Soybean Meal of India between 2022 and 2023 were Bangladesh ($267M), Vietnam ($108M), and Iran ($96.6M).

Imports In 2023, India imported $13.1M in Soybean Meal, becoming the 108th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 825th most imported product in India. India imports Soybean Meal primarily from: Malawi ($4.68M), Paraguay ($2.39M), Benin ($2.28M), Togo ($1.14M), and Ethiopia ($963k).

The fastest growing import markets in Soybean Meal for India between 2022 and 2023 were Malawi ($4.68M), Paraguay ($2.39M), and Benin ($2.26M).

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)$1.11B
IMPORTS (2023)$13.1M
NET TRADE (2023)$1.1B

In 2023, India exported $1.11B in Soybean Meal. The main destinations of India exports on Soybean Meal were Bangladesh ($272M), Vietnam ($192M), Nepal ($105M), Iran ($96.8M), and Japan ($46.7M).

In 2023, India imported $13.1M in Soybean Meal, mainly from Malawi ($4.68M), Paraguay ($2.39M), Benin ($2.28M), Togo ($1.14M), and Ethiopia ($963k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR India WERE (2022 - 2023):
Bangladesh$267M (5.59k%)
Vietnam$108M (129%)
Iran$96.6M (49.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY India WERE (2022 - 2023):
United States-$84.1M (-68.8%)
Netherlands-$32.9M (-73.5%)
Denmark-$24.1M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Soybean Meal were:
In 2023, India'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 POTENTIALVietnam+ $22.6M
TOP IMPORT POTENTIALArgentina+ $27.5M

Soybean Meal’s highest export potential is Vietnam. With an export gap of $22.6M.   Soybean Meal’s highest import potential is Argentina with an import gap of $27.5M.

See methodology.

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