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2022
Exports $52MWorld Rnk 35 / 135
Flag Rnk 358 / 1208
2022
Destination $6.22M Oman
2021 - 2022
FASTEST GROWING MARKET $6.22MOman
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $76.6MWorld Rnk 43 / 215
Flag Rnk 383 / 1213
2022
Origin $20M Saudi Arabia
2021 - 2022
FASTEST GROWING ORIGIN $20MArgentina
2022
ECONOMIC COMPLEXITY of United Arab Emirates0.24Rnk 53 / 133

About

Exports In 2022, United Arab Emirates exported $52M in Soybean Oil, making it the 35th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 358th most exported product in United Arab Emirates. The main destination of Soybean Oil exports from United Arab Emirates are: Oman ($18.2M), Kuwait ($15.8M), Mozambique ($3.78M), Zimbabwe ($3.75M), and Bahrain ($3.7M).

The fastest growing export markets for Soybean Oil of United Arab Emirates between 2021 and 2022 were Oman ($6.22M), Kuwait ($4.63M), and Mozambique ($3.78M).

Imports In 2022, United Arab Emirates imported $76.6M in Soybean Oil, becoming the 43rd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 383rd most imported product in United Arab Emirates. United Arab Emirates imports Soybean Oil primarily from: Saudi Arabia ($25.7M), Argentina ($20M), Russia ($7.28M), Turkey ($7.08M), and United States ($5.85M).

The fastest growing import markets in Soybean Oil for United Arab Emirates between 2021 and 2022 were Argentina ($20M), Turkey ($7.08M), and Russia ($7.07M).

Latest Trends

Sep 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 Oil. 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)$52M
IMPORTS (2022)$76.6M
NET TRADE (2022)-$24.6M

In 2022, United Arab Emirates exported $52M in Soybean Oil. The main destinations of United Arab Emirates exports on Soybean Oil were Oman ($18.2M), Kuwait ($15.8M), Mozambique ($3.78M), Zimbabwe ($3.75M), and Bahrain ($3.7M).

In 2022, United Arab Emirates imported $76.6M in Soybean Oil, mainly from Saudi Arabia ($25.7M), Argentina ($20M), Russia ($7.28M), Turkey ($7.08M), and United States ($5.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR United Arab Emirates WERE (2021 - 2022):
Oman$6.22M (51.8%)
Kuwait$4.63M (41.4%)
Mozambique$3.78M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY United Arab Emirates WERE (2021 - 2022):
Iran-$12.8M (-90.7%)
Saudi Arabia-$2.82M (-79.9%)
Angola-$689k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United Arab Emirates's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, United Arab Emirates's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $4.24M
TOP IMPORT POTENTIALUnited States+ $1.11M

Soybean Oil’s highest export potential is India. With an export gap of $4.24M.   Soybean Oil’s highest import potential is United States with an import gap of $1.11M.

See methodology.

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