2023
Exports
$424kWorld Rnk 85 / 121
Flag Rnk 492 / 1073
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$132MWorld Rnk 51 / 175
Flag Rnk 22 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $424k in Soybean Meal, making it the 85th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 492nd most exported product in Sri Lanka. The main destination of Soybean Meal exports from Sri Lanka are: Burma ($252k), United States ($123k), Australia ($33.9k), Japan ($10.2k), and Maldives ($3.07k).

The fastest growing export markets for Soybean Meal of Sri Lanka between 2022 and 2023 were Burma ($252k), United States ($123k), and Australia ($13.7k).

Imports In 2023, Sri Lanka imported $132M in Soybean Meal, becoming the 51st largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 22nd most imported product in Sri Lanka. Sri Lanka imports Soybean Meal primarily from: United States ($98.1M), India ($32.4M), Nigeria ($725k), Malaysia ($254k), and United Kingdom ($74.4k).

The fastest growing import markets in Soybean Meal for Sri Lanka between 2022 and 2023 were United States ($18.8M), India ($4.05M), and Nigeria ($560k).

Latest Trends

Dec 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 (2023)$424k
IMPORTS (2023)$132M
NET TRADE (2023)-$131M

In 2023, Sri Lanka exported $424k in Soybean Meal. The main destinations of Sri Lanka exports on Soybean Meal were Burma ($252k), United States ($123k), Australia ($33.9k), Japan ($10.2k), and Maldives ($3.07k).

In 2023, Sri Lanka imported $132M in Soybean Meal, mainly from United States ($98.1M), India ($32.4M), Nigeria ($725k), Malaysia ($254k), and United Kingdom ($74.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Burma$252k (1%)
United States$123k (1%)
Australia$13.7k (68.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Sri Lanka WERE (2022 - 2023):
Belgium-$5.3k (-100%)
Canada-$1.68k (-86.7%)
Norway-$194 (-91.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Soybean Meal were:
In 2023, Sri Lanka'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 POTENTIALAustralia+ $11.6k
TOP IMPORT POTENTIALNigeria+ $417k

Soybean Meal’s highest export potential is Australia. With an export gap of $11.6k.   Soybean Meal’s highest import potential is Nigeria with an import gap of $417k.

See methodology.

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