2022
Exports
$64MWorld Rnk 30 / 124
Flag Rnk 398 / 1211
2022
PRODUCT COMPLEXITY IN Soybean Meal
-1.24Rnk 894 / 1025
2022
Imports
$1.42BWorld Rnk 7 / 174
Flag Rnk 36 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $64M in Soybean Meal, making it the 30th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 398th most exported product in Thailand. The main destination of Soybean Meal exports from Thailand are: Cambodia ($20.9M), Laos ($20.2M), Burma ($17.9M), New Zealand ($3.58M), and Vietnam ($941k).

The fastest growing export markets for Soybean Meal of Thailand between 2021 and 2022 were Cambodia ($10M), New Zealand ($3.58M), and Laos ($3.23M).

Imports In 2022, Thailand imported $1.42B in Soybean Meal, becoming the 7th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 36th most imported product in Thailand. Thailand imports Soybean Meal primarily from: Brazil ($1.33B), Argentina ($36.7M), Paraguay ($33.2M), United States ($10.7M), and India ($2.87M).

The fastest growing import markets in Soybean Meal for Thailand between 2021 and 2022 were Brazil ($291M), United States ($1.65M), and Netherlands ($1.24M).

COMPANIES In 2023, leading companies such as Walong Marketing (3) were at the forefront of shipping Soybean Meal from Thailand to the United States.

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)$64M
IMPORTS (2022)$1.42B
NET TRADE (2022)-$1.35B

In 2022, Thailand exported $64M in Soybean Meal. The main destinations of Thailand exports on Soybean Meal were Cambodia ($20.9M), Laos ($20.2M), Burma ($17.9M), New Zealand ($3.58M), and Vietnam ($941k).

In 2022, Thailand imported $1.42B in Soybean Meal, mainly from Brazil ($1.33B), Argentina ($36.7M), Paraguay ($33.2M), United States ($10.7M), and India ($2.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Cambodia$10M (92.2%)
New Zealand$3.58M (1%)
Laos$3.23M (19.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Thailand WERE (2021 - 2022):
India-$13.3M (-100%)
Finland-$2.41k (-100%)
Macau-$1.67k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Soybean Meal were:
In 2022, Thailand'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 POTENTIALVietnam+ $1.82M
TOP IMPORT POTENTIALArgentina+ $22.9M

Soybean Meal’s highest export potential is Vietnam. With an export gap of $1.82M.   Soybean Meal’s highest import potential is Argentina with an import gap of $22.9M.

See methodology.

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