2023
Exports
$25MWorld Rnk 46 / 121
Flag Rnk 388 / 1213
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$71.8MWorld Rnk 70 / 175
Flag Rnk 305 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $25M in Soybean Meal, making it the 46th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 388th most exported product in Portugal. The main destination of Soybean Meal exports from Portugal are: Spain ($18.2M), Cape Verde ($2.82M), Libya ($2.79M), Bulgaria ($776k), and Angola ($392k).

The fastest growing export markets for Soybean Meal of Portugal between 2022 and 2023 were Libya ($2.79M), Bulgaria ($776k), and Angola ($287k).

Imports In 2023, Portugal imported $71.8M in Soybean Meal, becoming the 70th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 305th most imported product in Portugal. Portugal imports Soybean Meal primarily from: Spain ($18.1M), Germany ($17M), United States ($13.8M), Brazil ($12.6M), and Canada ($10M).

The fastest growing import markets in Soybean Meal for Portugal between 2022 and 2023 were United States ($13.8M), Brazil ($12.3M), and Canada ($10M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$25M
IMPORTS (2023)$71.8M
NET TRADE (2023)-$46.8M

In 2023, Portugal exported $25M in Soybean Meal. The main destinations of Portugal exports on Soybean Meal were Spain ($18.2M), Cape Verde ($2.82M), Libya ($2.79M), Bulgaria ($776k), and Angola ($392k).

In 2023, Portugal imported $71.8M in Soybean Meal, mainly from Spain ($18.1M), Germany ($17M), United States ($13.8M), Brazil ($12.6M), and Canada ($10M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Libya$2.79M (1%)
Bulgaria$776k (1%)
Angola$287k (272%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Portugal WERE (2022 - 2023):
Turkey-$19.2M (-100%)
Spain-$3.1M (-14.6%)
Netherlands-$123k (-80.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Portugal's main exporting competitors in Soybean Meal were:
In 2023, Portugal's main importing competitors in Soybean Meal were:

Explore Visualizations

Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $3.3M
TOP IMPORT POTENTIALBrazil+ $2.81M

Soybean Meal’s highest export potential is Spain. With an export gap of $3.3M.   Soybean Meal’s highest import potential is Brazil with an import gap of $2.81M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with