2022
Exports
$75.5kWorld Rnk 101 / 135
Flag Rnk 920 / 1168
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$22.2MWorld Rnk 75 / 215
Flag Rnk 350 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $75.5k in Soybean Oil, making it the 101st largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 920th most exported product in New Zealand. The main destination of Soybean Oil exports from New Zealand are: Cook Islands ($42.9k), Niue ($12.8k), Samoa ($6.9k), New Caledonia ($4.22k), and American Samoa ($3.96k).

The fastest growing export markets for Soybean Oil of New Zealand between 2021 and 2022 were Cook Islands ($34k), New Caledonia ($4.22k), and American Samoa ($3.96k).

Imports In 2022, New Zealand imported $22.2M in Soybean Oil, becoming the 75th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 350th most imported product in New Zealand. New Zealand imports Soybean Oil primarily from: Malaysia ($18.1M), Spain ($2.85M), Netherlands ($591k), Australia ($150k), and Belgium ($122k).

The fastest growing import markets in Soybean Oil for New Zealand between 2021 and 2022 were Malaysia ($7.44M), Spain ($799k), and Netherlands ($581k).

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)$75.5k
IMPORTS (2022)$22.2M
NET TRADE (2022)-$22.1M

In 2022, New Zealand exported $75.5k in Soybean Oil. The main destinations of New Zealand exports on Soybean Oil were Cook Islands ($42.9k), Niue ($12.8k), Samoa ($6.9k), New Caledonia ($4.22k), and American Samoa ($3.96k).

In 2022, New Zealand imported $22.2M in Soybean Oil, mainly from Malaysia ($18.1M), Spain ($2.85M), Netherlands ($591k), Australia ($150k), and Belgium ($122k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
Cook Islands$34k (385%)
New Caledonia$4.22k (1%)
American Samoa$3.96k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY New Zealand WERE (2021 - 2022):
Australia-$36.3k (-98.5%)
Papua New Guinea-$31.4k (-98.6%)
French Polynesia-$30.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Soybean Oil were:
In 2022, New Zealand'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+ $966
TOP IMPORT POTENTIALNetherlands+ $293k

Soybean Oil’s highest export potential is China. With an export gap of $966.   Soybean Oil’s highest import potential is Netherlands with an import gap of $293k.

See methodology.

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