2022
Exports
$111MWorld Rnk 24 / 135
Flag Rnk 248 / 1194
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$66.8MWorld Rnk 47 / 215
Flag Rnk 427 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $111M in Soybean Oil, making it the 24th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 248th most exported product in Indonesia. The main destination of Soybean Oil exports from Indonesia are: Angola ($53.8M), Mauritania ($49.7M), Malaysia ($7.05M), Trinidad and Tobago ($494k), and Ethiopia ($138k).

The fastest growing export markets for Soybean Oil of Indonesia between 2021 and 2022 were Angola ($37.4M), Malaysia ($7.05M), and Mauritania ($2.8M).

Imports In 2022, Indonesia imported $66.8M in Soybean Oil, becoming the 47th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 427th most imported product in Indonesia. Indonesia imports Soybean Oil primarily from: Malaysia ($28.4M), Thailand ($26.4M), Brazil ($5.54M), Australia ($2.76M), and Singapore ($2.15M).

The fastest growing import markets in Soybean Oil for Indonesia between 2021 and 2022 were Malaysia ($6.28M), Brazil ($5.54M), and Thailand ($4.08M).

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)$111M
IMPORTS (2022)$66.8M
NET TRADE (2022)$44.5M

In 2022, Indonesia exported $111M in Soybean Oil. The main destinations of Indonesia exports on Soybean Oil were Angola ($53.8M), Mauritania ($49.7M), Malaysia ($7.05M), Trinidad and Tobago ($494k), and Ethiopia ($138k).

In 2022, Indonesia imported $66.8M in Soybean Oil, mainly from Malaysia ($28.4M), Thailand ($26.4M), Brazil ($5.54M), Australia ($2.76M), and Singapore ($2.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
Angola$37.4M (230%)
Malaysia$7.05M (1%)
Mauritania$2.8M (5.96%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Indonesia WERE (2021 - 2022):
Ethiopia-$2.03M (-93.6%)
United Arab Emirates-$294k (-100%)
Nepal-$218k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Soybean Oil were:
In 2022, Indonesia'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 POTENTIALGermany+ $91.9k
TOP IMPORT POTENTIALBrazil+ $7.58M

Soybean Oil’s highest export potential is Germany. With an export gap of $91.9k.   Soybean Oil’s highest import potential is Brazil with an import gap of $7.58M.

See methodology.

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