2022
Exports
$7.52MWorld Rnk 56 / 124
Flag Rnk 274 / 1100
2022
PRODUCT COMPLEXITY IN Soybean Meal
-1.24Rnk 894 / 1025
2022
Imports
$511MWorld Rnk 23 / 174
Flag Rnk 80 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $7.52M in Soybean Meal, making it the 56th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 274th most exported product in Saudi Arabia. The main destination of Soybean Meal exports from Saudi Arabia are: Kuwait ($7.49M) and United Arab Emirates ($31.5k).

The fastest growing export markets for Soybean Meal of Saudi Arabia between 2021 and 2022 were Kuwait ($7.49M).

Imports In 2022, Saudi Arabia imported $511M in Soybean Meal, becoming the 23rd largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 80th most imported product in Saudi Arabia. Saudi Arabia imports Soybean Meal primarily from: Argentina ($297M), Brazil ($189M), United States ($16.7M), United Arab Emirates ($7.73M), and India ($92.9k).

The fastest growing import markets in Soybean Meal for Saudi Arabia between 2021 and 2022 were Brazil ($136M), Argentina ($116M), and United States ($16.6M).

Latest Trends

Jul 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)$7.52M
IMPORTS (2022)$511M
NET TRADE (2022)-$503M

In 2022, Saudi Arabia exported $7.52M in Soybean Meal. The main destinations of Saudi Arabia exports on Soybean Meal were Kuwait ($7.49M) and United Arab Emirates ($31.5k).

In 2022, Saudi Arabia imported $511M in Soybean Meal, mainly from Argentina ($297M), Brazil ($189M), United States ($16.7M), United Arab Emirates ($7.73M), and India ($92.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):Kuwait$7.49M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Saudi Arabia WERE (2021 - 2022):
Jordan-$78k (-100%)
United Arab Emirates-$2.79k (-8.15%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Soybean Meal were:
In 2022, Saudi Arabia'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 POTENTIALUnited Arab Emirates+ $96.6k
TOP IMPORT POTENTIALUnited States+ $9.13M

Soybean Meal’s highest export potential is United Arab Emirates. With an export gap of $96.6k.   Soybean Meal’s highest import potential is United States with an import gap of $9.13M.

See methodology.

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