2023
Exports
$1.92MWorld Rnk 71 / 137
Flag Rnk 403 / 1143
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$572MWorld Rnk 4 / 212
Flag Rnk 11 / 1182
2023
ECONOMIC COMPLEXITY of Peru
-0.61Rnk 90 / 132

About

Exports In 2023, Peru exported $1.92M in Soybean Oil, making it the 71st largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 403rd most exported product in Peru. The main destination of Soybean Oil exports from Peru are: El Salvador ($1.83M), Chile ($73.4k), Guatemala ($13.3k), Spain ($3.46k), and Netherlands ($109).

The fastest growing export markets for Soybean Oil of Peru between 2022 and 2023 were El Salvador ($1.83M), Guatemala ($13.3k), and Spain ($1.52k).

Imports In 2023, Peru imported $572M in Soybean Oil, becoming the 4th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 11th most imported product in Peru. Peru imports Soybean Oil primarily from: Argentina ($347M), Bolivia ($116M), Brazil ($59.9M), Paraguay ($44.5M), and Uruguay ($2.56M).

The fastest growing import markets in Soybean Oil for Peru between 2022 and 2023 were Brazil ($28.5M), Paraguay ($22M), and United States ($2.07M).

COMPANIES In 2024, leading companies such as Rothfos (5) were at the forefront of shipping Soybean Oil from Peru to the United States.

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)$1.92M
IMPORTS (2023)$572M
NET TRADE (2023)-$571M

In 2023, Peru exported $1.92M in Soybean Oil. The main destinations of Peru exports on Soybean Oil were El Salvador ($1.83M), Chile ($73.4k), Guatemala ($13.3k), Spain ($3.46k), and Netherlands ($109).

In 2023, Peru imported $572M in Soybean Oil, mainly from Argentina ($347M), Bolivia ($116M), Brazil ($59.9M), Paraguay ($44.5M), and Uruguay ($2.56M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Peru WERE (2022 - 2023):
El Salvador$1.83M (1%)
Guatemala$13.3k (1%)
Spain$1.52k (78.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Peru WERE (2022 - 2023):
Chile-$178k (-70.8%)
United States-$210 (-100%)
Portugal-$206 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Peru's main exporting competitors in Soybean Oil were:
In 2023, Peru'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 POTENTIALChile+ $194k
TOP IMPORT POTENTIALBrazil+ $26.8M

Soybean Oil’s highest export potential is Chile. With an export gap of $194k.   Soybean Oil’s highest import potential is Brazil with an import gap of $26.8M.

See methodology.

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