2022
Exports
$84.8MWorld Rnk 18 / 139
Flag Rnk 4 / 656
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$425kWorld Rnk 123 / 200
Flag Rnk 468 / 1046
2022
ECONOMIC COMPLEXITY of Benin
-0.5Rnk 86 / 133

About

Exports In 2022, Benin exported $84.8M in Soybeans, making it the 18th largest exporter of Soybeans in the world. At the same year, Soybeans was the 4th most exported product in Benin. The main destination of Soybeans exports from Benin are: India ($67.2M), France ($5.85M), China ($5.17M), Canada ($3.88M), and Belgium ($2.1M).

The fastest growing export markets for Soybeans of Benin between 2021 and 2022 were India ($65.6M), Canada ($3.8M), and France ($3.42M).

Imports In 2022, Benin imported $425k in Soybeans, becoming the 123rd largest importer of Soybeans in the world. At the same year, Soybeans was the 468th most imported product in Benin. Benin imports Soybeans primarily from: France ($419k), Nigeria ($4.79k), Togo ($516), and China ($187).

The fastest growing import markets in Soybeans for Benin between 2021 and 2022 were France ($417k) and Nigeria ($4.79k).

Latest Trends

Jul 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)$84.8M
IMPORTS (2022)$425k
NET TRADE (2022)$84.3M

In 2022, Benin exported $84.8M in Soybeans. The main destinations of Benin exports on Soybeans were India ($67.2M), France ($5.85M), China ($5.17M), Canada ($3.88M), and Belgium ($2.1M).

In 2022, Benin imported $425k in Soybeans, mainly from France ($419k), Nigeria ($4.79k), Togo ($516), and China ($187).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Benin WERE (2021 - 2022):
India$65.6M (4.13k%)
Canada$3.8M (4.82k%)
France$3.42M (141%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Benin WERE (2021 - 2022):
China-$26.1M (-83.4%)
Singapore-$137k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Benin's main exporting competitors in Soybeans were:
In 2022, Benin'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+ $96.2M
TOP IMPORT POTENTIALNigeria+ $15.2k

Soybeans’s highest export potential is China. With an export gap of $96.2M.   Soybeans’s highest import potential is Nigeria with an import gap of $15.2k.

See methodology.

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