Soybean Meal in Brazil 2020 Exports | Imports : $5.99B | $1.99M, World Rnk 2 / 108 Rnk 6 / 1202 | World Rnk 133 / 177 Rnk 945 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $273M | $535k, Indonesia | Paraguay
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Soybean Meal: -1.12, Rnk 872 / 1029
Exports In 2020, Brazil exported $5.99B in Soybean Meal, making it the 2nd largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 6th most exported product in Brazil. The main destination of Soybean Meal exports from Brazil are: Indonesia ($795M), Thailand ($771M), Netherlands ($686M), France ($545M), and South Korea ($542M).
The fastest growing export markets for Soybean Meal of Brazil between 2019 and 2020 were Indonesia ($273M), Turkey ($154M), and Thailand ($139M).
Imports In 2020, Brazil imported $1.99M in Soybean Meal, becoming the 133rd largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 945th most imported product in Brazil. Brazil imports Soybean Meal primarily from: Paraguay ($1.41M), United States ($490k), Spain ($49.2k), Germany ($33.3k), and Denmark ($2.11k).
The fastest growing import markets in Soybean Meal for Brazil between 2019 and 2020 were Paraguay ($535k), Germany ($33.3k), and Denmark ($2.11k).
Tariffs In 2017, the average tariff for Brazil in Soybean Meal was 5.75%. The countries with the highest import tariffs for Soybean Meal were Angola (Most Favoured Nation duty rate treatement, 6%), Burundi (Most Favoured Nation duty rate treatement, 6%), Benin (Most Favoured Nation duty rate treatement, 6%), Burkina Faso (Most Favoured Nation duty rate treatement, 6%), and Botswana (Most Favoured Nation duty rate treatement, 6%).
December 2022
Overview In December 2022 Brazil's Soybean Meal exports accounted up to $563M and imports accounted up to $57.5k, resulting in a positive trade balance of $563M. Between December 2021 and December 2022 the exports of Brazil's Soybean Meal have decreased by $-135M (-19.4%) from $698M to $563M, while imports decreased by $-332k (-85.2%) from $390k to $57.5k.
Destinations In December 2022, Soybean Meal were exported mostly to Indonesia ($95.5M), France ($77.1M), Spain ($60.6M), Thailand ($50.2M), and Japan ($49.7M), and were imported mostly from .
Growth In December 2022, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-55M or -59.3%), Poland ($-48.3M or -97.4%), and South Korea ($-17.1M or -98.6%). In November 2022, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from .
EXPORT GROWTH (December 2021 - December 2022): $-135M, (-19.4%)
IMPORT GROWTH (October 2021 - November 2022): $-332k, (-85.2%)
MAIN EXPORTER (December 2022): Mato Grosso, $175M
MAIN DESTINATION (December 2022): Indonesia, $95.5M
This section shows Soybean Meal's exports and imports data at subnational level for Brazil. 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 Soybean Meal over time.
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EXPORTS (2020): $5.99B
IMPORTS (2020): $1.99M
NET TRADE (2020): $5.99B
In 2020, Brazil exported $5.99B in Soybean Meal. The main destinations of Brazil exports on Soybean Meal were Indonesia ($795M), Thailand ($771M), Netherlands ($686M), France ($545M), and South Korea ($542M).
In 2020, Brazil imported $1.99M in Soybean Meal, mainly from Paraguay ($1.41M), United States ($490k), Spain ($49.2k), Germany ($33.3k), and Denmark ($2.11k).
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Brazil WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Brazil WERE (2019 - 2020):
In 2020, Brazil's main exporting competitors in Soybean Meal were:
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