2023
Exports
$11.2MWorld Rnk 49 / 137
Flag Rnk 54 / 946
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$21.5MWorld Rnk 62 / 212
Flag Rnk 83 / 1153
2023
ECONOMIC COMPLEXITY of Zambia
-0.65Rnk 94 / 132

About

Exports In 2023, Zambia exported $11.2M in Soybean Oil, making it the 49th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 54th most exported product in Zambia. The main destination of Soybean Oil exports from Zambia are: Democratic Republic of the Congo ($8.47M), South Africa ($1.24M), Zimbabwe ($1.03M), Republic of the Congo ($381k), and Namibia ($23.3k).

The fastest growing export markets for Soybean Oil of Zambia between 2022 and 2023 were Democratic Republic of the Congo ($8.47M), South Africa ($1.24M), and Zimbabwe ($1.03M).

Imports In 2023, Zambia imported $21.5M in Soybean Oil, becoming the 62nd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 83rd most imported product in Zambia. Zambia imports Soybean Oil primarily from: South Africa ($8.24M), Argentina ($5.69M), Malaysia ($5.35M), Malawi ($695k), and Mauritius ($664k).

The fastest growing import markets in Soybean Oil for Zambia between 2022 and 2023 were Malawi ($695k), India ($410k), and Mozambique ($273k).

Latest Trends

Jan 2025

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)$11.2M
IMPORTS (2023)$21.5M
NET TRADE (2023)-$10.3M

In 2023, Zambia exported $11.2M in Soybean Oil. The main destinations of Zambia exports on Soybean Oil were Democratic Republic of the Congo ($8.47M), South Africa ($1.24M), Zimbabwe ($1.03M), Republic of the Congo ($381k), and Namibia ($23.3k).

In 2023, Zambia imported $21.5M in Soybean Oil, mainly from South Africa ($8.24M), Argentina ($5.69M), Malaysia ($5.35M), Malawi ($695k), and Mauritius ($664k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Zambia WERE (2022 - 2023):
South Africa$1.24M (1%)
Zimbabwe$1.03M (772k%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $741
TOP IMPORT POTENTIALArgentina+ $1.26M

Soybean Oil’s highest export potential is India. With an export gap of $741.   Soybean Oil’s highest import potential is Argentina with an import gap of $1.26M.

See methodology.

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