2022
Exports
$605MWorld Rnk 7 / 124
Flag Rnk 145 / 1212
2022
PRODUCT COMPLEXITY IN Soybean Meal
-1.24Rnk 894 / 1025
2022
Imports
$113MWorld Rnk 55 / 174
Flag Rnk 432 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $605M in Soybean Meal, making it the 7th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 145th most exported product in India. The main destination of Soybean Meal exports from India are: United States ($116M), Vietnam ($88.7M), Nepal ($49M), Japan ($48.6M), and South Korea ($38.1M).

The fastest growing export markets for Soybean Meal of India between 2021 and 2022 were Vietnam ($32.2M), Japan ($13.8M), and Sri Lanka ($8.87M).

Imports In 2022, India imported $113M in Soybean Meal, becoming the 55th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 432nd most imported product in India. India imports Soybean Meal primarily from: Argentina ($65.1M), Bangladesh ($18.6M), Brazil ($9.23M), United States ($7.45M), and Ethiopia ($4.77M).

The fastest growing import markets in Soybean Meal for India between 2021 and 2022 were Argentina ($12.9M), United States ($1.96M), and South Korea ($746k).

Latest Trends

Sep 2024

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 (2022)$605M
IMPORTS (2022)$113M
NET TRADE (2022)$492M

In 2022, India exported $605M in Soybean Meal. The main destinations of India exports on Soybean Meal were United States ($116M), Vietnam ($88.7M), Nepal ($49M), Japan ($48.6M), and South Korea ($38.1M).

In 2022, India imported $113M in Soybean Meal, mainly from Argentina ($65.1M), Bangladesh ($18.6M), Brazil ($9.23M), United States ($7.45M), and Ethiopia ($4.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR India WERE (2021 - 2022):
Vietnam$32.2M (57.1%)
Japan$13.8M (39.7%)
Sri Lanka$8.87M (45.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY India WERE (2021 - 2022):
France-$97.6M (-74.8%)
Indonesia-$82.1M (-93.1%)
Netherlands-$48M (-56.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Soybean Meal were:
In 2022, 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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