HS Icon Soybean Meal in  Flag Brazil

2019
Exports | Imports
: $5.9B | $1.5M, World Rnk 2 / 107
Flag Rnk 7 / 1199 | World Rnk 137 / 173
Flag Rnk 989 / 1196

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $81.5M | $876k, Iran |  Paraguay

2019
ECONOMIC COMPLEXITY of Brazil
: 0.58, Rnk 44 / 147

2019
PRODUCT COMPLEXITY  IN Soybean Meal
: -1.12, Rnk 865 / 1029

Exports: In 2019, Brazil exported $5.9B in Soybean Meal, making it the 2nd largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 7th most exported product in Brazil. The main destination of Soybean Meal exports from Brazil are: Netherlands ($913M), Thailand ($631M), France ($601M), Germany ($551M), and Indonesia ($521M).

The fastest growing export markets for Soybean Meal of Brazil between 2018 and 2019 were Iran ($81.5M), United Kingdom ($67.4M), and Japan ($63M).

Imports: In 2019, Brazil imported $1.5M in Soybean Meal, becoming the 137th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 989th most imported product in Brazil. Brazil imports Soybean Meal primarily from: Paraguay ($876k), United States ($528k), and Spain ($90.5k).

The fastest growing import markets in Soybean Meal for Brazil between 2018 and 2019 were Paraguay ($876k) and United States ($238k).

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%).

Latest Trends (March 2021)

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Overview: In March 2021 Brazil's Soybean Meal exports accounted up to $539M and imports accounted up to $86.4k, resulting in a positive trade balance of $539M. Between March 2020 and March 2021 the exports of Brazil's   Soybean Meal have increased by $17M (3.27%) from $522M to $539M, while imports increased by $35.1k (68.3%) from $51.3k to $86.4k.

Destinations: In March 2021, Soybean Meal were exported mostly to Indonesia ($93M), Netherlands ($89.2M), Thailand ($67.7M), Vietnam ($66.9M), and South Korea ($43.1M), and were imported mostly from United States ($47.4k) and Spain ($38.9k).

Growth: In March 2021, the increase in Soybean Meal's year-by-year exports was explained primarily by an increase in exports to Vietnam ($59.2M or 769%), Netherlands ($34.8M or 63.8%), and Slovenia ($28.5M or 235%). In March 2021, the increase in Soybean Meal's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (March 2020 - March 2021): $17M, (3.27%)

IMPORT GROWTH (March 2020 - March 2021): $35.1k, (68.3%)

MAIN EXPORTER (March 2021): Mato Grosso, $223M

MAIN DESTINATION (March 2021): Indonesia, $93M

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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Historical Data

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Value

EXPORTS (2019): $5.9B

IMPORTS (2019): $1.5M

NET TRADE (2019): $5.9B

In 2019, Brazil exported $5.9B in Soybean Meal. The main destinations of Brazil exports on Soybean Meal were Netherlands ($913M), Thailand ($631M), France ($601M), Germany ($551M), and Indonesia ($521M).

In 2019, Brazil imported $1.5M in Soybean Meal, mainly from Paraguay ($876k), United States ($528k), and Spain ($90.5k).

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IN 2019, Brazil HAD A POSITIVE NET TRADE IN Soybean Meal WITH:

IN 2019, Brazil HAD A NEGATIVE NET TRADE IN Soybean Meal WITH:: Paraguay , -$863k ($13k - $876k)

Flow

THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Brazil WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Brazil WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Brazil's main exporting competitors in Soybean Meal were:

In 2018, Brazil's main importing competitors in Soybean Meal were:

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Tariffs by Country

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In 2017, the average tariff for Brazil in Soybean Meal was 5.75%.

The countries with the highest tariffs for Soybean Meal in Brazil 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%).