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2023
Exports $59.8MWorld Rnk 26 / 121
Flag Rnk 201 / 1214
2023
Destination $5.81M Botswana
2022 - 2023
FASTEST GROWING MARKET $5.81MEswatini
2023
PRODUCT COMPLEXITY IN Soybean Meal-1.09Rnk 852 / 1025
2023
Imports $75.1MWorld Rnk 68 / 175
Flag Rnk 216 / 1211
2023
Origin $20.8M Argentina
2022 - 2023
FASTEST GROWING ORIGIN $20.8MZambia
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $59.8M in Soybean Meal, making it the 26th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 201st most exported product in South Africa. The main destination of Soybean Meal exports from South Africa are: Botswana ($19.8M), Mozambique ($19.8M), Eswatini ($17.9M), Zimbabwe ($850k), and Namibia ($576k).

The fastest growing export markets for Soybean Meal of South Africa between 2022 and 2023 were Eswatini ($5.81M), Mozambique ($1.54M), and Mauritius ($95.7k).

Imports In 2023, South Africa imported $75.1M in Soybean Meal, becoming the 68th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 216th most imported product in South Africa. South Africa imports Soybean Meal primarily from: Argentina ($49.1M), Zambia ($23.2M), Malawi ($1.98M), Zimbabwe ($373k), and Benin ($307k).

The fastest growing import markets in Soybean Meal for South Africa between 2022 and 2023 were Zambia ($20.8M), Malawi ($1.98M), and Benin ($307k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Soybean Meal exports accounted up to ZAR186M and imports accounted up to ZAR201M, resulting in a negative trade balance of ZAR14.3M. Between November 2023 and November 2024 the exports of South Africa's   Soybean Meal have increased by ZAR76.2M (69.3%) from ZAR110M to ZAR186M, while imports increased by ZAR184M (1.13k%) from ZAR16.2M to ZAR201M.

Destinations In November 2024, Soybean Meal were exported mostly to Zimbabwe (ZAR69.4M), Botswana (ZAR35.1M), Mozambique (ZAR33.2M), Eswatini (ZAR25.5M), and Namibia (ZAR20.5M), and were imported mostly from Argentina (ZAR195M), Eswatini (ZAR5.32M), Zambia (ZAR102k), and Malawi (ZAR319).

Growth In November 2024, the increase in Soybean Meal's year-by-year exports was explained primarily by an increase in exports to Mozambique (ZAR12.4M or 116%), Eswatini (ZAR8.39M or 36%), and Botswana (ZAR959k or 3.56%). In November 2024, the increase in Soybean Meal's year-by-year imports was explained primarily by an increase in imports from Zambia (ZAR20.4M or 1.78k%) and Zimbabwe (ZAR99.9k or 79.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR76.2M(69.3%)
IMPORT GROWTH (November 2023 - November 2024)ZAR184M(1.13k%)
MAIN EXPORTER (November 2024)Beit BridgeZAR65.9M
MAIN DESTINATION (November 2024)ZimbabweZAR69.4M

This section shows Soybean Meal's exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybean Meal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$59.8M
IMPORTS (2023)$75.1M
NET TRADE (2023)-$15.3M

In 2023, South Africa exported $59.8M in Soybean Meal. The main destinations of South Africa exports on Soybean Meal were Botswana ($19.8M), Mozambique ($19.8M), Eswatini ($17.9M), Zimbabwe ($850k), and Namibia ($576k).

In 2023, South Africa imported $75.1M in Soybean Meal, mainly from Argentina ($49.1M), Zambia ($23.2M), Malawi ($1.98M), Zimbabwe ($373k), and Benin ($307k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Eswatini$5.81M (48.2%)
Mozambique$1.54M (8.47%)
Mauritius$95.7k (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY South Africa WERE (2022 - 2023):
Zimbabwe-$28.8M (-97.1%)
Namibia-$1.18M (-67.2%)
Malawi-$744k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Soybean Meal were:
Brazil $11B
Argentina $8.34B
United States $6.9B
In 2023, South Africa's main importing competitors in Soybean Meal were:
Indonesia $2.6B
Vietnam $2.2B
Thailand $1.7B

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRepublic of the Congo+ $49.8k
TOP IMPORT POTENTIALZambia+ $1.17M

Soybean Meal’s highest export potential is Republic of the Congo. With an export gap of $49.8k.   Soybean Meal’s highest import potential is Zambia with an import gap of $1.17M.

See methodology.

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