2019 Exports | Imports: $5.9B | $1.5M, World Rnk 2 / 107
Rnk 7 / 1199 | World Rnk 137 / 173 Rnk 989 / 1196
2019 Destination | Origin: $913M | $876k, Netherlands | Paraguay
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $81.5M | $876k, Iran | Paraguay
2019 ECONOMIC COMPLEXITY of Brazil: 0.64, Rnk 44 / 157
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 (6%), Burundi (6%), Benin (6%), Burkina Faso (6%), and Botswana (6%).
Overview: In February 2021 Brazil's Soybean Meal exports accounted up to $469M and imports accounted up to $59.5k, resulting in a positive trade balance of $469M. Between February 2020 and February 2021 the exports of Brazil's Soybean Meal have increased by $212M (82.4%) from $257M to $469M, while imports increased by $29.3k (97.1%) from $30.2k to $59.5k.
Destinations: In February 2021 Soybean Meal exported mostly to Indonesia ($113M), Netherlands ($51.8M), France ($47.1M), Germany ($44.3M), and Slovenia ($38.5M), and imported mostly from United States ($59.5k).
Growth: In February 2021, the increase in Soybean Meal's year-by-year exports was explained primarily by an increase in exports to Indonesia ($90.1M or 398%), France ($17.1M or 57.3%), and Slovenia ($15.7M or 69%). In February 2021, the increase in Soybean Meal's year-by-year imports was explained primarily by an increase in imports from United States ($31.6k or 113%).
EXPORT GROWTH (February 2020 - February 2021): $212M, (82.4%)
IMPORT GROWTH (February 2020 - February 2021): $29.3k, (97.1%)
MAIN EXPORTER (February 2021): Mato Grosso, $136M
MAIN DESTINATION (February 2021): Indonesia, $113M
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.
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).
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)
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):
In 2018, Brazil's main exporting competitors in Soybean Meal were:
In 2018, Brazil's main importing competitors in Soybean Meal were:
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 (6%), Burundi (6%), Benin (6%), Burkina Faso (6%), and Botswana (6%).
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