2022
Exports
$6.79BWorld Rnk 1 / 135
Flag Rnk 3 / 1128
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$142MWorld Rnk 32 / 215
Flag Rnk 117 / 1171
2022
ECONOMIC COMPLEXITY of Argentina
0.064Rnk 61 / 133

About

Exports In 2022, Argentina exported $6.79B in Soybean Oil, making it the 1st largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 3rd most exported product in Argentina. The main destination of Soybean Oil exports from Argentina are: India ($3.1B), Bangladesh ($513M), Peru ($404M), Morocco ($260M), and Chile ($244M).

The fastest growing export markets for Soybean Oil of Argentina between 2021 and 2022 were Morocco ($183M), Dominican Republic ($176M), and Pakistan ($122M).

Imports In 2022, Argentina imported $142M in Soybean Oil, becoming the 32nd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 117th most imported product in Argentina. Argentina imports Soybean Oil primarily from: Paraguay ($142M), Bolivia ($178k), South Korea ($32k), Netherlands ($27.8k), and Germany ($9.28k).

The fastest growing import markets in Soybean Oil for Argentina between 2021 and 2022 were Paraguay ($103M), South Korea ($32k), and Netherlands ($22.6k).

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)$6.79B
IMPORTS (2022)$142M
NET TRADE (2022)$6.65B

In 2022, Argentina exported $6.79B in Soybean Oil. The main destinations of Argentina exports on Soybean Oil were India ($3.1B), Bangladesh ($513M), Peru ($404M), Morocco ($260M), and Chile ($244M).

In 2022, Argentina imported $142M in Soybean Oil, mainly from Paraguay ($142M), Bolivia ($178k), South Korea ($32k), Netherlands ($27.8k), and Germany ($9.28k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Argentina WERE (2021 - 2022):
Morocco$183M (239%)
Dominican Republic$176M (676%)
Pakistan$122M (259%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Argentina WERE (2021 - 2022):
Iran-$283M (-100%)
India-$216M (-6.53%)
Nepal-$194M (-49.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Argentina's main exporting competitors in Soybean Oil were:
In 2022, Argentina's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $50.7M
TOP IMPORT POTENTIALBolivia+ $867k

Soybean Oil’s highest export potential is China. With an export gap of $50.7M.   Soybean Oil’s highest import potential is Bolivia with an import gap of $867k.

See methodology.

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