2023
Exports
$1.52MWorld Rnk 76 / 137
Flag Rnk 96 / 821
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$547MWorld Rnk 6 / 212
Flag Rnk 10 / 1112
2023
ECONOMIC COMPLEXITY of Algeria
-0.75Rnk 99 / 132

About

Exports In 2023, Algeria exported $1.52M in Soybean Oil, making it the 76th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 96th most exported product in Algeria. The main destination of Soybean Oil exports from Algeria are: Mauritania ($1.52M), France ($101), Bulgaria ($80), and Egypt ($16).

The fastest growing export markets for Soybean Oil of Algeria between 2022 and 2023 were France ($81), Bulgaria ($80), and Egypt ($16).

Imports In 2023, Algeria imported $547M in Soybean Oil, becoming the 6th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 10th most imported product in Algeria. Algeria imports Soybean Oil primarily from: Turkey ($149M), Brazil ($139M), Italy ($132M), Portugal ($49.2M), and Argentina ($17.4M).

The fastest growing import markets in Soybean Oil for Algeria between 2022 and 2023 were Portugal ($49.2M), Italy ($34.2M), and France ($13M).

Latest Trends

Dec 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 (2023)$1.52M
IMPORTS (2023)$547M
NET TRADE (2023)-$546M

In 2023, Algeria exported $1.52M in Soybean Oil. The main destinations of Algeria exports on Soybean Oil were Mauritania ($1.52M), France ($101), Bulgaria ($80), and Egypt ($16).

In 2023, Algeria imported $547M in Soybean Oil, mainly from Turkey ($149M), Brazil ($139M), Italy ($132M), Portugal ($49.2M), and Argentina ($17.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Algeria WERE (2022 - 2023):
France$81 (405%)
Bulgaria$80 (1%)
Egypt$16 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Algeria WERE (2022 - 2023):
Tunisia-$6.25M (-100%)
Mauritania-$6.02M (-79.8%)
Senegal-$408k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Algeria's main exporting competitors in Soybean Oil were:
In 2023, Algeria'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 POTENTIALSpain+ $3.62k
TOP IMPORT POTENTIALNetherlands+ $3.53M

Soybean Oil’s highest export potential is Spain. With an export gap of $3.62k.   Soybean Oil’s highest import potential is Netherlands with an import gap of $3.53M.

See methodology.

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