2022
Exports
$98.9MWorld Rnk 20 / 124
Flag Rnk 104 / 1197
2022
PRODUCT COMPLEXITY IN Soybean Meal
-1.24Rnk 894 / 1025
2022
Imports
$8.44MWorld Rnk 114 / 174
Flag Rnk 676 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $98.9M in Soybean Meal, making it the 20th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 104th most exported product in Norway. The main destination of Soybean Meal exports from Norway are: Sweden ($81M), United Kingdom ($7.33M), Finland ($5.31M), France ($2.88M), and Netherlands ($1.9M).

The fastest growing export markets for Soybean Meal of Norway between 2021 and 2022 were Sweden ($9.39M), France ($2.88M), and Iceland ($287k).

Imports In 2022, Norway imported $8.44M in Soybean Meal, becoming the 114th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 676th most imported product in Norway. Norway imports Soybean Meal primarily from: China ($3.87M), Brazil ($1.6M), United States ($1.4M), India ($962k), and Denmark ($361k).

The fastest growing import markets in Soybean Meal for Norway between 2021 and 2022 were China ($2.53M), United States ($1.4M), and Brazil ($713k).

Latest Trends

Oct 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)$98.9M
IMPORTS (2022)$8.44M
NET TRADE (2022)$90.5M

In 2022, Norway exported $98.9M in Soybean Meal. The main destinations of Norway exports on Soybean Meal were Sweden ($81M), United Kingdom ($7.33M), Finland ($5.31M), France ($2.88M), and Netherlands ($1.9M).

In 2022, Norway imported $8.44M in Soybean Meal, mainly from China ($3.87M), Brazil ($1.6M), United States ($1.4M), India ($962k), and Denmark ($361k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Sweden$9.39M (13.1%)
France$2.88M (1%)
Iceland$287k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Norway WERE (2021 - 2022):
Denmark-$11.9M (-100%)
United Kingdom-$1.07M (-12.7%)
Germany-$508k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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