2023
Exports
$1.79MWorld Rnk 72 / 137
Flag Rnk 140 / 961
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$20.2MWorld Rnk 64 / 212
Flag Rnk 144 / 1148
2023
ECONOMIC COMPLEXITY of Senegal
-0.51Rnk 87 / 132

About

Exports In 2023, Senegal exported $1.79M in Soybean Oil, making it the 72nd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 140th most exported product in Senegal. The main destination of Soybean Oil exports from Senegal are: Mali ($1.59M), Mauritania ($53.1k), Gambia ($49.8k), Burkina Faso ($28.4k), and Guinea-Bissau ($27.2k).

The fastest growing export markets for Soybean Oil of Senegal between 2022 and 2023 were Mali ($1.59M), Mauritania ($53.1k), and United Kingdom ($25.4k).

Imports In 2023, Senegal imported $20.2M in Soybean Oil, becoming the 64th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 144th most imported product in Senegal. Senegal imports Soybean Oil primarily from: Netherlands ($12.1M), Spain ($3.84M), France ($2.1M), Malaysia ($2.03M), and Argentina ($91.7k).

The fastest growing import markets in Soybean Oil for Senegal between 2022 and 2023 were Netherlands ($9.22M), Spain ($3.84M), and China ($7.13k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.79M
IMPORTS (2023)$20.2M
NET TRADE (2023)-$18.4M

In 2023, Senegal exported $1.79M in Soybean Oil. The main destinations of Senegal exports on Soybean Oil were Mali ($1.59M), Mauritania ($53.1k), Gambia ($49.8k), Burkina Faso ($28.4k), and Guinea-Bissau ($27.2k).

In 2023, Senegal imported $20.2M in Soybean Oil, mainly from Netherlands ($12.1M), Spain ($3.84M), France ($2.1M), Malaysia ($2.03M), and Argentina ($91.7k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Senegal WERE (2022 - 2023):
Mali$1.59M (1%)
Mauritania$53.1k (1%)
United Kingdom$25.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Senegal WERE (2022 - 2023):
Guinea-Bissau-$1.22M (-97.8%)
Sierra Leone-$3.05k (-100%)
Belgium-$23 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Senegal's main exporting competitors in Soybean Oil were:
In 2023, Senegal's main importing competitors in Soybean Oil were:

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with