2022
Exports | Imports
$12.6M | $2.96MWorld Rnk 41 / 139
Flag Rnk 443 / 1208
World Rnk 94 / 200
Flag Rnk 983 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.35Rnk 77 / 124
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 957 / 1025

About

Exports In 2022, Australia exported $12.6M in Soybeans, making it the 41st largest exporter of Soybeans in the world. At the same year, Soybeans was the 443rd most exported product in Australia. The main destination of Soybeans exports from Australia are: South Korea ($4.02M), Malaysia ($3.96M), Chinese Taipei ($2.35M), New Caledonia ($1.03M), and New Zealand ($622k).

The fastest growing export markets for Soybeans of Australia between 2021 and 2022 were South Korea ($3M), Malaysia ($1.64M), and New Caledonia ($382k).

Imports In 2022, Australia imported $2.96M in Soybeans, becoming the 94th largest importer of Soybeans in the world. At the same year, Soybeans was the 983rd most imported product in Australia. Australia imports Soybeans primarily from: China ($2.2M), United States ($432k), Japan ($136k), Austria ($67.9k), and Sri Lanka ($41.4k).

The fastest growing import markets in Soybeans for Australia between 2021 and 2022 were China ($422k), United States ($351k), and Chinese Taipei ($31.8k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Soybeans from Australia to the United States.

Latest Trends

Jan 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 Soybeans. 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)$12.6M
IMPORTS (2022)$2.96M
NET TRADE (2022)$9.6M

In 2022, Australia exported $12.6M in Soybeans. The main destinations of Australia exports on Soybeans were South Korea ($4.02M), Malaysia ($3.96M), Chinese Taipei ($2.35M), New Caledonia ($1.03M), and New Zealand ($622k).

In 2022, Australia imported $2.96M in Soybeans, mainly from China ($2.2M), United States ($432k), Japan ($136k), Austria ($67.9k), and Sri Lanka ($41.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Australia WERE (2021 - 2022):
South Korea$3M (292%)
Malaysia$1.64M (71.1%)
New Caledonia$382k (59.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Australia WERE (2021 - 2022):
New Zealand-$610k (-49.5%)
Vietnam-$50.2k (-74.2%)
Singapore-$7.16k (-56.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Soybeans were:
In 2022, Australia's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

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