2023
Exports
$113MWorld Rnk 18 / 121
Flag Rnk 96 / 1199
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$20.8MWorld Rnk 99 / 175
Flag Rnk 479 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $113M in Soybean Meal, making it the 18th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 96th most exported product in Norway. The main destination of Soybean Meal exports from Norway are: Sweden ($89.6M), Denmark ($13.2M), United Kingdom ($6.83M), Finland ($3.23M), and Netherlands ($303k).

The fastest growing export markets for Soybean Meal of Norway between 2022 and 2023 were Denmark ($13.2M), Sweden ($9.91M), and Germany ($69.1k).

Imports In 2023, Norway imported $20.8M in Soybean Meal, becoming the 99th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 479th most imported product in Norway. Norway imports Soybean Meal primarily from: Germany ($12.6M), United States ($6.31M), Brazil ($1.19M), China ($535k), and Denmark ($83.3k).

The fastest growing import markets in Soybean Meal for Norway between 2022 and 2023 were Germany ($12.6M), United States ($6.19M), and Poland ($31).

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)$113M
IMPORTS (2023)$20.8M
NET TRADE (2023)$92.5M

In 2023, Norway exported $113M in Soybean Meal. The main destinations of Norway exports on Soybean Meal were Sweden ($89.6M), Denmark ($13.2M), United Kingdom ($6.83M), Finland ($3.23M), and Netherlands ($303k).

In 2023, Norway imported $20.8M in Soybean Meal, mainly from Germany ($12.6M), United States ($6.31M), Brazil ($1.19M), China ($535k), and Denmark ($83.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Denmark$13.2M (9.84M%)
Sweden$9.91M (12.4%)
Germany$69.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Norway WERE (2022 - 2023):
France-$2.88M (-100%)
Finland-$2.11M (-39.5%)
United Kingdom-$622k (-8.36%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Soybean Meal were:
In 2023, Norway'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 POTENTIALFrance+ $2.51M
TOP IMPORT POTENTIALBrazil+ $1.67M

Soybean Meal’s highest export potential is France. With an export gap of $2.51M.   Soybean Meal’s highest import potential is Brazil with an import gap of $1.67M.

See methodology.

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