2022
Exports
$1.43MWorld Rnk 71 / 124
Flag Rnk 901 / 1193
2022
PRODUCT COMPLEXITY IN Soybean Meal
-1.24Rnk 894 / 1025
2022
Imports
$875MWorld Rnk 10 / 174
Flag Rnk 119 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $1.43M in Soybean Meal, making it the 71st largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 901st most exported product in Mexico. The main destination of Soybean Meal exports from Mexico are: Belize ($1.33M), Suriname ($99.4k), Ireland ($180), Costa Rica ($68), and Brazil ($15).

The fastest growing export markets for Soybean Meal of Mexico between 2021 and 2022 were Ireland ($180), Costa Rica ($68), and Brazil ($15).

Imports In 2022, Mexico imported $875M in Soybean Meal, becoming the 10th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 119th most imported product in Mexico. Mexico imports Soybean Meal primarily from: United States ($872M), India ($2.1M), Brazil ($915k), Ireland ($2.01k), and China ($1).

The fastest growing import markets in Soybean Meal for Mexico between 2021 and 2022 were United States ($52.6M), India ($846k), and Brazil ($438k).

Latest Trends

Sep 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 Meal. 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)$1.43M
IMPORTS (2022)$875M
NET TRADE (2022)-$873M

In 2022, Mexico exported $1.43M in Soybean Meal. The main destinations of Mexico exports on Soybean Meal were Belize ($1.33M), Suriname ($99.4k), Ireland ($180), Costa Rica ($68), and Brazil ($15).

In 2022, Mexico imported $875M in Soybean Meal, mainly from United States ($872M), India ($2.1M), Brazil ($915k), Ireland ($2.01k), and China ($1).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
Ireland$180 (1%)
Costa Rica$68 (1%)
Brazil$15 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Mexico WERE (2021 - 2022):
Belize-$1.97M (-59.7%)
Suriname-$192k (-65.9%)
Trinidad and Tobago-$29.4k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Soybean Meal were:
In 2022, Mexico's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $785
TOP IMPORT POTENTIALBrazil+ $4.63M

Soybean Meal’s highest export potential is United States. With an export gap of $785.   Soybean Meal’s highest import potential is Brazil with an import gap of $4.63M.

See methodology.

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