Soybeans in China

EXPORTS (2018): $123M, World Rnk 11 / 105
Flag Rnk 795 / 1218

TOP DESTINATION (2018): $37.5M, South Korea

FASTEST GROWING MARKET (2017 - 2018): $3.26M, Netherlands

IMPORTS (2018): $33.8B, World Rnk 1 / 166
Flag Rnk 7 / 1216

TOP ORIGIN (2018): $27.3B, Brazil

FASTEST GROWING ORIGIN (2017 - 2018): $6.99B, Brazil

ECONOMIC COMPLEXITY of China (2018): 0.89, Rnk 30 / 137

PRODUCT COMPLEXITY  IN Soybeans (2018): -1.3, Rnk 899 / 1018

Overview: This page contains the latest trade data of Soybeans in China.

Exports: In 2018, China exported $123M in Soybeans, making it the 11th largest exporter of Soybeans in the world. At the same year, Soybeans was the 795th most exported product in China. The main destination of Soybeans exports from China are: South Korea ($37.5M), Japan ($23.3M), United States ($9.22M), Netherlands ($8.76M), and Canada ($5.92M).

The fastest growing export markets for Soybeans of China between 2017 and 2018 were Netherlands ($3.26M), Denmark ($3.01M), and Canada ($2.2M).

Imports: In 2018, China imported $33.8B in Soybeans, becoming the 1st largest importer of Soybeans in the world. At the same year, Soybeans was the 7th most imported product in China. China imports Soybeans primarily from: Brazil ($27.3B), United States ($3.34B), Canada ($1.34B), Argentina ($1.31B), and Russia ($244M).

The fastest growing import markets in Soybeans for China between 2017 and 2018 were Brazil ($6.99B), Canada ($565M), and Russia ($104M).

Tariffs: In 2018, the average tariff for China in Soybeans was 1.86%. The countries with the highest import tariffs for Soybeans were Burkina Faso (2.4%), Botswana (2.4%), Cote d'Ivoire (2.4%), Cameroon (2.4%), and Democratic Republic of the Congo (2.4%).

Overview: In July 2020 China's Soybeans exports accounted up to $3.01M and imports accounted up to $3.79B, resulting in a negative trade balance of $3.78B. Between July 2019 and July 2020 the exports of China's   Soybeans have decreased by $-211k (-6.54%) from $3.22M to $3.01M, while imports increased by $1.03B (37.4%) from $2.76B to $3.79B.

Destinations: In July 2020 Soybeans exported mostly to South Korea ($1.02M), Japan ($936k), United Kingdom ($339k), Australia ($193k), and Vietnam ($178k), and imported mostly from Brazil ($3.07B), Argentina ($575M), Uruguay ($84.4M), Russia ($19.8M), and United States ($16.1M).

Growth: In July 2020, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-501k or -97.3%), South Korea ($-467k or -29.3%), and Japan ($-296k or -16.5%). In July 2020, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from Brazil ($1.98B or 100%), Argentina ($90.7M or 366%), and Canada ($7.58M or 707%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $-211k, (-6.54%)

IMPORT GROWTH (July 2019 - July 2020): $1.03B, (37.4%)

MAIN EXPORTER (July 2020): Liaoning Province, $2.02M

MAIN DESTINATION (July 2020): South Korea, $1.02M

This section shows Soybeans's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybeans over time.

Value

EXPORTS (2018): $123M

IMPORTS (2018): $33.8B

NET TRADE (2018): -$33.7B

In 2018, China exported $123M in Soybeans. The main destinations of China exports on Soybeans were South Korea ($37.5M), Japan ($23.3M), United States ($9.22M), Netherlands ($8.76M), and Canada ($5.92M).

In 2018, China imported $33.8B in Soybeans, mainly from Brazil ($27.3B), United States ($3.34B), Canada ($1.34B), Argentina ($1.31B), and Russia ($244M).

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IN 2018, China HAD A POSITIVE NET TRADE IN Soybeans WITH:

  • South Korea, $37.4M ($37.5M - $111k)
  • Japan, $23.3M ($23.3M - $0)
  • Netherlands, $8.76M ($8.76M - $0)

IN 2018, China HAD A NEGATIVE NET TRADE IN Soybeans WITH:

  • Brazil, -$27.3B ($0 - $27.3B)
  • United States, -$3.33B ($9.22M - $3.34B)
  • Canada, -$1.33B ($5.92M - $1.34B)
Flow

THE FASTEST GROWING Soybeans EXPORT MARKETS FOR China WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY China WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, China's main exporting competitors in Soybeans were:

In 2018, China's main importing competitors in Soybeans were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Soybeans in China. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for China in Soybeans was 1.86%.

The countries with the highest tariffs for Soybeans in China were Burkina Faso (2.4%), Botswana (2.4%), Cote d'Ivoire (2.4%), Cameroon (2.4%), and Democratic Republic of the Congo (2.4%).

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