2023
Exports
$5.35MWorld Rnk 51 / 142
Flag Rnk 561 / 1208
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$2.37MWorld Rnk 95 / 193
Flag Rnk 983 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $5.35M in Soybeans, making it the 51st largest exporter of Soybeans in the world. At the same year, Soybeans was the 561st most exported product in Australia. The main destination of Soybeans exports from Australia are: Chinese Taipei ($2.9M), South Korea ($936k), New Zealand ($898k), New Caledonia ($459k), and Papua New Guinea ($91.1k).

The fastest growing export markets for Soybeans of Australia between 2022 and 2023 were Chinese Taipei ($1.02M), Spain ($17.7k), and Solomon Islands ($7.2k).

Imports In 2023, Australia imported $2.37M in Soybeans, becoming the 95th largest importer of Soybeans in the world. At the same year, Soybeans was the 983rd most imported product in Australia. Australia imports Soybeans primarily from: China ($1.79M), United States ($263k), Japan ($235k), Sri Lanka ($42.3k), and Malaysia ($11.5k).

The fastest growing import markets in Soybeans for Australia between 2022 and 2023 were Japan ($79k), Malaysia ($11.5k), and Nepal ($8.65k).

Latest Trends

Dec 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 (2023)$5.35M
IMPORTS (2023)$2.37M
NET TRADE (2023)$2.98M

In 2023, Australia exported $5.35M in Soybeans. The main destinations of Australia exports on Soybeans were Chinese Taipei ($2.9M), South Korea ($936k), New Zealand ($898k), New Caledonia ($459k), and Papua New Guinea ($91.1k).

In 2023, Australia imported $2.37M in Soybeans, mainly from China ($1.79M), United States ($263k), Japan ($235k), Sri Lanka ($42.3k), and Malaysia ($11.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Australia WERE (2022 - 2023):
Chinese Taipei$1.02M (53.8%)
Spain$17.7k (1%)
Solomon Islands$7.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Australia WERE (2022 - 2023):
Malaysia-$4.21M (-100%)
South Korea-$3.51M (-78.9%)
New Caledonia-$567k (-55.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Soybeans were:
In 2023, Australia's main importing competitors in Soybeans were:
China $56.6B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $488k
TOP IMPORT POTENTIALUnited States+ $857k

Soybeans’s highest export potential is Indonesia. With an export gap of $488k.   Soybeans’s highest import potential is United States with an import gap of $857k.

See methodology.

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