Soybean Meal (HS: Oil-cake) Product Trade, Exporters and Importers

Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil

2304 (Harmonized System 1992 for 4-digit)

2022
World Trade $36.3BRnk 124 / 1218

2022
Top Exporter | Top Importer $12B | $2.92BArgentina | Indonesia

2022
Product Complexity -1.17Rnk 887 / 1033

2021 - 2022
Export Growth (CAGR) 19.7%Rnk 190 / 1218

2022
Share of World Trade 0.15%Rnk 124 / 1218

About

Overview This page contains the latest trade data of Soybean Meal. In 2022, Soybean Meal were the world's 124th most traded product, with a total trade of $36.3B. Between 2021 and 2022 the exports of Soybean Meal grew by 19.7%, from $30.4B to $36.3B. Trade in Soybean Meal represent 0.15% of total world trade.

Soybean Meal are a part of Food residues & wastes; animal fodder. They include Soya-bean oil-cake and other solid residues.

Exports In 2022 the top exporters of Soybean Meal were Argentina ($12B), Brazil ($10.4B), United States ($5.2B), Netherlands ($1.21B), and Bolivia ($1.03B).

Imports In 2022 the top importers of Soybean Meal were Indonesia ($2.92B), Vietnam ($2.5B), Germany ($1.71B), Poland ($1.47B), and Netherlands ($1.44B).

Ranking Soybean Meal ranks 887th in the Product Complexity Index (PCI).

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The following visualization shows the latest trends on Soybean Meal. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Product Complexity

Diversification Frontier

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RCA ≤ 1

RCA > 1

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (NaN)

Country by Relatedness

The following visualization shows the relatedness of Soybean Meal to countries. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.