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Who buys Argentina’s soybean meal? Export destinations 2024

In 2024, Argentina exported $8.8 billion of soybean meal (20.8 million tonnes), 26.7% of the world total. Its main destinations were Vietnam (18%), Saudi Arabia (7%) and Poland (6%). Argentina was the world’s 2nd-largest exporter of soybean meal.

Summary

Value
$8.8billion
Tonnes
20.8million tonnes
Share of world total
26.7%
World rank
2nd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Vietnam1.6Tonnes: 4,177,986USD per tonne: $38318.1%Sea
Saudi Arabia0.59Tonnes: 1,533,105USD per tonne: $3866.7%Sea
Poland0.56Tonnes: 1,394,153USD per tonne: $4046.4%Sea
Italy0.51Tonnes: 1,225,143USD per tonne: $4155.8%Sea
Malaysia0.48Tonnes: 1,153,839USD per tonne: $4165.4%Sea
Turkey0.44Tonnes: 1,021,451USD per tonne: $4295%Sea
Australia0.41Tonnes: 902,678USD per tonne: $4564.7%Sea
Spain0.4Tonnes: 985,749USD per tonne: $4034.5%Sea
Indonesia0.37Tonnes: 873,177USD per tonne: $4254.2%Sea
Ecuador0.32Tonnes: 476,445USD per tonne: $6813.7%Sea
United Kingdom0.27Tonnes: 462,447USD per tonne: $5743%Sea
Ireland0.25Tonnes: 696,636USD per tonne: $3652.9%Sea
Chile0.23Tonnes: 541,033USD per tonne: $4252.6%Sea
Greece0.21Tonnes: 325,497USD per tonne: $6562.4%Sea
Peru0.18Tonnes: 344,882USD per tonne: $5312.1%Sea
Romania0.14Tonnes: 315,972USD per tonne: $4361.6%Sea
Denmark0.12Tonnes: 279,332USD per tonne: $4421.4%Sea
Algeria0.12Tonnes: 294,680USD per tonne: $4021.3%Sea
Jordan0.1Tonnes: 273,034USD per tonne: $3831.2%Sea
New Zealand0.1Tonnes: 273,721USD per tonne: $3741.2%Sea

Trend

Who it sells to

Vietnam has been its main destination since 2013

Value in USD billions. The five largest destinations in 2024.

  • Vietnam 1.6
  • Saudi Arabia 0.59
  • Poland 0.56
  • Italy 0.51
  • Malaysia 0.48

Source: CEPII BACI

Show the numbers
Partner19952024
Vietnam< 0.011.6
Saudi Arabia00.59
Poland< 0.010.56
Italy0.190.51
Malaysia0.020.48

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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