2023
Exports
$9.14kWorld Rnk 103 / 142
Flag Rnk 689 / 961
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$738kWorld Rnk 107 / 193
Flag Rnk 640 / 1148
2023
ECONOMIC COMPLEXITY of Senegal
-0.51Rnk 87 / 132

About

Exports In 2023, Senegal exported $9.14k in Soybeans, making it the 103rd largest exporter of Soybeans in the world. At the same year, Soybeans was the 689th most exported product in Senegal. The main destination of Soybeans exports from Senegal are: France ($9.14k) and Canada ($3).

The fastest growing export markets for Soybeans of Senegal between 2022 and 2023 were France ($7.44k).

Imports In 2023, Senegal imported $738k in Soybeans, becoming the 107th largest importer of Soybeans in the world. At the same year, Soybeans was the 640th most imported product in Senegal. Senegal imports Soybeans primarily from: United States ($462k), France ($140k), Belgium ($83.7k), Nigeria ($20.3k), and Burkina Faso ($19.8k).

The fastest growing import markets in Soybeans for Senegal between 2022 and 2023 were Belgium ($83.7k), Nigeria ($20.3k), and Burkina Faso ($16.6k).

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 Soybeans. 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)$9.14k
IMPORTS (2023)$738k
NET TRADE (2023)-$729k

In 2023, Senegal exported $9.14k in Soybeans. The main destinations of Senegal exports on Soybeans were France ($9.14k) and Canada ($3).

In 2023, Senegal imported $738k in Soybeans, mainly from United States ($462k), France ($140k), Belgium ($83.7k), Nigeria ($20.3k), and Burkina Faso ($19.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Senegal WERE (2022 - 2023):France$7.44k (437%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Senegal WERE (2022 - 2023):Canada-$15 (-83.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Senegal's main exporting competitors in Soybeans were:
In 2023, Senegal's main importing competitors in Soybeans were:
China $56.6B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.72k
TOP IMPORT POTENTIALUnited States+ $457k

Soybeans’s highest export potential is France. With an export gap of $2.72k.   Soybeans’s highest import potential is United States with an import gap of $457k.

See methodology.

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