falsefalse Spain
2022
PRODUCT COMPLEXITY IN Soybean Meal
-1.24Rnk 894 / 1025
2022
Imports
falseWorld Rnk 63 / 174
Flag Rnk 246 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported N/A in Soybean Meal, making it the 35th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 284th most exported product in Portugal. The main destination of Soybean Meal exports from Portugal are: Spain ($27.2M), Turkey ($17.8M), Cape Verde ($2.12M), Angola ($166k), and Netherlands ($135k).

The fastest growing export markets for Soybean Meal of Portugal between 2021 and 2022 were Turkey ($9.26M), Cape Verde ($419k), and Netherlands ($128k).

Imports In 2022, Portugal imported $92.6M in Soybean Meal, becoming the 63rd largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 246th most imported product in Portugal. Portugal imports Soybean Meal primarily from: Argentina ($49.4M), Spain ($23.7M), Germany ($17.7M), Brazil ($1.49M), and Austria ($213k).

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 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
IMPORTS (2022)$92.6M

In N/A, Portugal exported N/A in Soybean Meal. The main destinations of Portugal exports on Soybean Meal were Spain ($27.2M), Turkey ($17.8M), Cape Verde ($2.12M), Angola ($166k), and Netherlands ($135k).

In 2022, Portugal imported $92.6M in Soybean Meal, mainly from Argentina ($49.4M), Spain ($23.7M), Germany ($17.7M), Brazil ($1.49M), and Austria ($213k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Turkey$9.26M (109%)
Cape Verde$419k (24.6%)
Netherlands$128k (2.06k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Portugal WERE (2021 - 2022):
Spain-$7.53M (-21.7%)
Libya-$4.42M (-100%)
Italy-$2.18M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSpain+ $3.3M
TOP IMPORT POTENTIALBrazil+ $2.81M

Soybean Meal’s highest export potential is Spain. With an export gap of $3.3M.   Soybean Meal’s highest import potential is Brazil with an import gap of $2.81M.

See methodology.

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