Soybeans in Russia

EXPORTS (2018): $293M, World Rnk 8 / 105
Flag Rnk 114 / 1196

TOP DESTINATION (2018): $244M, China

FASTEST GROWING MARKET (2017 - 2018): $104M, China

IMPORTS (2018): $833M, World Rnk 15 / 166
Flag Rnk 60 / 1200

TOP ORIGIN (2018): $451M, Brazil

FASTEST GROWING ORIGIN (2017 - 2018): $30.3M, Brazil

ECONOMIC COMPLEXITY of Russia (2018): 0.6, Rnk 41 / 137

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

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

Exports: In 2018, Russia exported $293M in Soybeans, making it the 8th largest exporter of Soybeans in the world. At the same year, Soybeans was the 114th most exported product in Russia. The main destination of Soybeans exports from Russia are: China ($244M), Belarus ($32.8M), South Korea ($6.27M), United States ($2.3M), and Kazakhstan ($2M).

The fastest growing export markets for Soybeans of Russia between 2017 and 2018 were China ($104M), Belarus ($32.8M), and South Korea ($5.12M).

Imports: In 2018, Russia imported $833M in Soybeans, becoming the 15th largest importer of Soybeans in the world. At the same year, Soybeans was the 60th most imported product in Russia. Russia imports Soybeans primarily from: Brazil ($451M), Paraguay ($301M), Argentina ($42.1M), Romania ($13.4M), and Belarus ($12.4M).

The fastest growing import markets in Soybeans for Russia between 2017 and 2018 were Brazil ($30.3M), Argentina ($24.3M), and Belarus ($12.3M).

Overview: In June 2020 Russia's Soybeans exports accounted up to $16.5M and imports accounted up to $66.9M, resulting in a negative trade balance of $50.4M. Between June 2019 and June 2020 the exports of Russia's   Soybeans have decreased by $-5.55M (-25.2%) from $22M to $16.5M, while imports decreased by $-14.1M (-17.4%) from $81M to $66.9M.

Destinations: In June 2020 Soybeans exported mostly to Belarus ($15.5M), China ($684k), Uzbekistan ($260k), Ukraine ($54.9k), and Kazakhstan ($17.3k), and imported mostly from Brazil ($33.2M), Paraguay ($22.6M), Argentina ($11.1M), and Belarus ($24.2k).

Growth: In June 2020, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to China ($-15.8M or -95.8%) and Kazakhstan ($-1.15M or -98.5%). In June 2020, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Paraguay ($-10.1M or -30.8%) and Brazil ($-2.63M or -7.34%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (June 2019 - June 2020): $-5.55M, (-25.2%)

IMPORT GROWTH (June 2019 - June 2020): $-14.1M, (-17.4%)

MAIN EXPORTER (June 2020): Kaliningrad Region, $13.2M

MAIN DESTINATION (June 2020): Belarus, $15.5M

This section shows Soybeans's exports and imports data at subnational level for Russia. 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): $293M

IMPORTS (2018): $833M

NET TRADE (2018): -$540M

In 2018, Russia exported $293M in Soybeans. The main destinations of Russia exports on Soybeans were China ($244M), Belarus ($32.8M), South Korea ($6.27M), United States ($2.3M), and Kazakhstan ($2M).

In 2018, Russia imported $833M in Soybeans, mainly from Brazil ($451M), Paraguay ($301M), Argentina ($42.1M), Romania ($13.4M), and Belarus ($12.4M).

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

  • China, $244M ($244M - $164k)
  • Belarus, $20.5M ($32.8M - $12.4M)
  • South Korea, $6.27M ($6.27M - $0)

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

  • Brazil, -$451M ($0 - $451M)
  • Paraguay, -$301M ($0 - $301M)
  • Argentina, -$42.1M ($0 - $42.1M)
Flow

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

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

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Market Concentration

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Flow
Type

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

In 2018, Russia'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 Russia. 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 tariffs for Soybeans in the imports of Russia were of 0% around the world.

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