Soybean Meal in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $143k in Soybean Meal, making it the 93rd largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 803rd most exported product in Philippines. The main destination of Soybean Meal exports from Philippines are: Vietnam ($118k), Ireland ($25.4k), and South Korea ($98).

The fastest growing export markets for Soybean Meal of Philippines between 2021 and 2022 were Vietnam ($118k) and South Korea ($98).

Imports In 2022, Philippines imported $794M in Soybean Meal, becoming the 11th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 36th most imported product in Philippines. Philippines imports Soybean Meal primarily from: Argentina ($411M), United States ($320M), Brazil ($53.1M), Vietnam ($7.18M), and Chinese Taipei ($979k).

The fastest growing import markets in Soybean Meal for Philippines between 2021 and 2022 were Argentina ($300M), United States ($82.4M), and Brazil ($42.2M).

Latest Trends

August 2021

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Overview In August 2021 Philippines' Soybean Meal exports accounted up to $26.3k and imports accounted up to $125M, resulting in a negative trade balance of $125M. Between October 2019 and August 2021 the exports of Philippines' Soybean Meal have increased by $1.24k (4.96%) from $25k to $26.3k, while imports increased by $11.6M (10.3%) from $113M to $125M.

Destinations In August 2021, Soybean Meal were exported mostly to Ireland ($26.3k), and were imported mostly from United States ($109M), Argentina ($15.7M), Chinese Taipei ($327k), India ($87.3k), and Vietnam ($72.8k).

Growth In August 2021, the increase in Soybean Meal's year-by-year exports was explained primarily by an increase in exports to . In August 2021, the increase in Soybean Meal's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($295k or 438%), China ($41.3k or 200%), and India ($3.8k or 19%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2019 - August 2021)$1.24k(4.96%)

IMPORT GROWTH (August 2020 - August 2021)$11.6M(10.3%)

MAIN DESTINATION (August 2021)Ireland$26.3k

This section shows Soybean Meal's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybean Meal over time.

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