Export of Soybean Meal from Brazil
Soybean Meal is categorized under HS code 230400 - Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, and the data is presented accordingly.
Export overview
As of 2024, Brazil ranked #1 in global exports of Soybean Meal. Brazil accounts for approximately 62.58% of the total global export value of Soybean Meal, with an export value of 9,690,039,839 USD.
The top countries importing Soybean Meal from Brazil include World, Indonesia, Thailand, Netherlands, South Korea.
Export trend
Brazil's export value of Soybean Meal has increased by 63.98% over the past 5 years, rising from 5,909,219,529 USD in 2020 to 9,690,039,839 USD in 2024.
The export data for Brazil Soybean Meal is sourced from UN Comtrade and official Customs databases of various countries. The data is categorized under the Harmonized System (HS) code 230400 - Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, which covers a specific classification for Soybean Meal and related products in international trade.
It's important to note that the HS code classification may not always perfectly match the definition of Soybean Meal in certain markets, as HS codes often encompass a broader range of similar products.
Export transactions from 2024
Transactions in this market
266
Exporters
6
Importers
7
Major exporters of Brazil Soybean Meal in 2024
ADM DO BRASIL LTDA BRASIL
Brazil
LOUIS DREYFUS COMPANY BRASIL
Brazil
ADM DOBRASIL
Brazil
UNKNOWN
Brazil
BUNGE BRASIL
Brazil
Major importers of Brazil Soybean Meal in 2024
KAZI FARMS
Bangladesh
NOURISH AGRO
Bangladesh
NOURISH FEEDS
Bangladesh
AGROSUPER
Chile
CARGILL VIETNAM
Vietnam
Historical export price trends
The export price of Soybean Meal from Brazil has fluctuated over the past 2 years. In 2023, the price varied between 0.51 USD per kg and 0.72 USD per kg. In 2024, the prices continued to fluctuate, ranging from 0.27 USD per kg to 0.88 USD per kg.
The export transaction data for Brazil Soybean Meal is sourced from Bill of Lading (B/L) documents and customs reports. Tridge ensures data accuracy through human oversight and AI, handling missing values, outliers, and standardizing currencies and units. Note that price trends may vary based on country, product variety, or timeframe.
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