2022
Exports
$3.25BWorld Rnk 3 / 139
Flag Rnk 6 / 1128
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$1.67BWorld Rnk 10 / 200
Flag Rnk 5 / 1171
2022
ECONOMIC COMPLEXITY of Argentina
0.064Rnk 61 / 133

About

Exports In 2022, Argentina exported $3.25B in Soybeans, making it the 3rd largest exporter of Soybeans in the world. At the same year, Soybeans was the 6th most exported product in Argentina. The main destination of Soybeans exports from Argentina are: China ($2.89B), United States ($108M), Indonesia ($37.2M), Chile ($32.1M), and Turkey ($29.9M).

The fastest growing export markets for Soybeans of Argentina between 2021 and 2022 were China ($1.11B), United States ($42.2M), and Turkey ($29.9M).

Imports In 2022, Argentina imported $1.67B in Soybeans, becoming the 10th largest importer of Soybeans in the world. At the same year, Soybeans was the 5th most imported product in Argentina. Argentina imports Soybeans primarily from: Paraguay ($983M), Uruguay ($256M), Bolivia ($250M), Brazil ($182M), and United States ($2.18M).

The fastest growing import markets in Soybeans for Argentina between 2021 and 2022 were Uruguay ($256M), Bolivia ($236M), and Brazil ($88M).

Latest Trends

Oct 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)$3.25B
IMPORTS (2022)$1.67B
NET TRADE (2022)$1.57B

In 2022, Argentina exported $3.25B in Soybeans. The main destinations of Argentina exports on Soybeans were China ($2.89B), United States ($108M), Indonesia ($37.2M), Chile ($32.1M), and Turkey ($29.9M).

In 2022, Argentina imported $1.67B in Soybeans, mainly from Paraguay ($983M), Uruguay ($256M), Bolivia ($250M), Brazil ($182M), and United States ($2.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Argentina WERE (2021 - 2022):
China$1.11B (62.1%)
United States$42.2M (64%)
Turkey$29.9M (38.4M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Argentina WERE (2021 - 2022):
Egypt-$296M (-97.1%)
Russia-$84.6M (-100%)
Malaysia-$64.8M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Argentina's main exporting competitors in Soybeans were:
In 2022, Argentina'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

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $109M
TOP IMPORT POTENTIALBrazil+ $190M

Soybeans’s highest export potential is China. With an export gap of $109M.   Soybeans’s highest import potential is Brazil with an import gap of $190M.

See methodology.

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