2022
Exports
$1.32MWorld Rnk 77 / 135
Flag Rnk 160 / 935
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$52.6MWorld Rnk 52 / 215
Flag Rnk 52 / 1145
2022
ECONOMIC COMPLEXITY of Senegal
-0.5Rnk 85 / 133

About

Exports In 2022, Senegal exported $1.32M in Soybean Oil, making it the 77th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 160th most exported product in Senegal. The main destination of Soybean Oil exports from Senegal are: Guinea-Bissau ($1.25M), Gambia ($45.9k), Burkina Faso ($24.4k), Sierra Leone ($3.05k), and Belgium ($20).

The fastest growing export markets for Soybean Oil of Senegal between 2021 and 2022 were Guinea-Bissau ($1.25M), Gambia ($37.8k), and Burkina Faso ($24.4k).

Imports In 2022, Senegal imported $52.6M in Soybean Oil, becoming the 52nd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 52nd most imported product in Senegal. Senegal imports Soybean Oil primarily from: Argentina ($21.2M), Morocco ($14.9M), France ($6.06M), Switzerland ($4.54M), and Malaysia ($3.3M).

The fastest growing import markets in Soybean Oil for Senegal between 2021 and 2022 were Argentina ($20.8M), France ($6.06M), and Switzerland ($4.54M).

Latest Trends

Oct 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)$1.32M
IMPORTS (2022)$52.6M
NET TRADE (2022)-$51.3M

In 2022, Senegal exported $1.32M in Soybean Oil. The main destinations of Senegal exports on Soybean Oil were Guinea-Bissau ($1.25M), Gambia ($45.9k), Burkina Faso ($24.4k), Sierra Leone ($3.05k), and Belgium ($20).

In 2022, Senegal imported $52.6M in Soybean Oil, mainly from Argentina ($21.2M), Morocco ($14.9M), France ($6.06M), Switzerland ($4.54M), and Malaysia ($3.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Senegal WERE (2021 - 2022):
Guinea-Bissau$1.25M (1%)
Gambia$37.8k (466%)
Burkina Faso$24.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Senegal WERE (2021 - 2022):
Fiji-$30.8k (-100%)
Spain-$69 (-100%)
Belgium-$1 (-4.76%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Senegal's main exporting competitors in Soybean Oil were:
In 2022, Senegal'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 POTENTIALIndia+ $2.05k
TOP IMPORT POTENTIALPortugal+ $82.4k

Soybean Oil’s highest export potential is India. With an export gap of $2.05k.   Soybean Oil’s highest import potential is Portugal with an import gap of $82.4k.

See methodology.

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