2023
Exports
$113MWorld Rnk 15 / 142
Flag Rnk 4 / 682
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$1.04MWorld Rnk 104 / 193
Flag Rnk 341 / 1063
2023
ECONOMIC COMPLEXITY of Benin
-0.43Rnk 83 / 132

About

Exports In 2023, Benin exported $113M in Soybeans, making it the 15th 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: China ($52.1M), Pakistan ($29.9M), United Arab Emirates ($19.1M), India ($4.18M), and Canada ($2.44M).

The fastest growing export markets for Soybeans of Benin between 2022 and 2023 were Pakistan ($29.9M), United Arab Emirates ($19.1M), and Italy ($1.68M).

Imports In 2023, Benin imported $1.04M in Soybeans, becoming the 104th largest importer of Soybeans in the world. At the same year, Soybeans was the 341st most imported product in Benin. Benin imports Soybeans primarily from: Togo ($575k), Burkina Faso ($296k), France ($80.2k), Nigeria ($68.1k), and India ($12.6k).

The fastest growing import markets in Soybeans for Benin between 2022 and 2023 were Togo ($575k), Burkina Faso ($296k), and Nigeria ($62.9k).

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)$113M
IMPORTS (2023)$1.04M
NET TRADE (2023)$112M

In 2023, Benin exported $113M in Soybeans. The main destinations of Benin exports on Soybeans were China ($52.1M), Pakistan ($29.9M), United Arab Emirates ($19.1M), India ($4.18M), and Canada ($2.44M).

In 2023, Benin imported $1.04M in Soybeans, mainly from Togo ($575k), Burkina Faso ($296k), France ($80.2k), Nigeria ($68.1k), and India ($12.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Benin WERE (2022 - 2023):
Pakistan$29.9M (1%)
United Arab Emirates$19.1M (40.7k%)
Italy$1.68M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Benin WERE (2022 - 2023):
India-$132M (-96.9%)
China-$85.9M (-62.3%)
France-$7.57M (-89.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Benin's main exporting competitors in Soybeans were:
In 2023, Benin'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 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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