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2022
Exports $489MWorld Rnk 7 / 135
Flag Rnk 7 / 790
2022
Destination $103M Argentina
2021 - 2022
FASTEST GROWING MARKET $103MArgentina
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $2.03MWorld Rnk 128 / 215
Flag Rnk 479 / 1129
2022
Origin $66.2k Brazil
2021 - 2022
FASTEST GROWING ORIGIN $66.2kArgentina
2022
ECONOMIC COMPLEXITY of Paraguay-0.34Rnk 81 / 133

About

Exports In 2022, Paraguay exported $489M in Soybean Oil, making it the 7th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 7th most exported product in Paraguay. The main destination of Soybean Oil exports from Paraguay are: Argentina ($142M), India ($141M), Pakistan ($54M), Bangladesh ($40.7M), and Nepal ($25.9M).

The fastest growing export markets for Soybean Oil of Paraguay between 2021 and 2022 were Argentina ($103M), Angola ($15.2M), and United States ($11.5M).

Imports In 2022, Paraguay imported $2.03M in Soybean Oil, becoming the 128th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 479th most imported product in Paraguay. Paraguay imports Soybean Oil primarily from: Brazil ($1.72M), Argentina ($257k), Bolivia ($47.8k), and United States ($4.23k).

The fastest growing import markets in Soybean Oil for Paraguay between 2021 and 2022 were Argentina ($66.2k), Bolivia ($47.8k), and United States ($4.23k).

Latest Trends

Jul 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 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 (2022)$489M
IMPORTS (2022)$2.03M
NET TRADE (2022)$487M

In 2022, Paraguay exported $489M in Soybean Oil. The main destinations of Paraguay exports on Soybean Oil were Argentina ($142M), India ($141M), Pakistan ($54M), Bangladesh ($40.7M), and Nepal ($25.9M).

In 2022, Paraguay imported $2.03M in Soybean Oil, mainly from Brazil ($1.72M), Argentina ($257k), Bolivia ($47.8k), and United States ($4.23k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Paraguay WERE (2021 - 2022):
Argentina$103M (265%)
Angola$15.2M (1%)
United States$11.5M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Paraguay WERE (2021 - 2022):
India-$78.7M (-35.8%)
Bangladesh-$78.2M (-65.8%)
Egypt-$59.1M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Paraguay's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, Paraguay's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.99M
TOP IMPORT POTENTIALBrazil+ $1.29M

Soybean Oil’s highest export potential is United States. With an export gap of $5.99M.   Soybean Oil’s highest import potential is Brazil with an import gap of $1.29M.

See methodology.

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