Soybeans in Brazil

EXPORTS (2018): $33.2B, World Rnk 1 / 105
Flag Rnk 1 / 1189

TOP DESTINATION (2018): $27.3B, China

FASTEST GROWING IN MARKET (2017 - 2018): $6.99B, China

IMPORTS (2018): $63M, World Rnk 41 / 166
Flag Rnk 351 / 1192

TOP ORIGIN (2018): $59.2M, Paraguay

FASTEST GROWING ORIGIN (2017 - 2018): $783k, Uruguay

ECONOMIC COMPLEXITY of Brazil (2018): 0.62, Rnk 39 / 137

PRODUCT COMPLEXITY  IN Soybeans (2018): -1.3, Rnk 899 / 1018

Exports: In 2018, Brazil exported $33.2B in Soybeans, making it the 1st largest exporter of Soybeans in the world. At the same year, Soybeans was the 1st most exported product in Brazil. The main destination of Soybeans exports from Brazil are: China ($27.3B), Spain ($742M), Netherlands ($528M), Turkey ($519M), and Iran ($511M).

The fastest growing export markets for Soybeans of Brazil between 2017 and 2018 were China ($6.99B), Turkey ($407M), and Argentina ($185M).

Imports: In 2018, Brazil imported $63M in Soybeans, becoming the 41st largest importer of Soybeans in the world. At the same year, Soybeans was the 351st most imported product in Brazil. Brazil imports Soybeans primarily from: Paraguay ($59.2M), Uruguay ($3.66M), Italy ($60.7k), United States ($18.5k), and Argentina ($7.14k).

The fastest growing import markets in Soybeans for Brazil between 2017 and 2018 were Uruguay ($783k), Italy ($60.7k), and United Kingdom ($5.31k).

Tariffs: In 2017, the average tariff for Brazil in Soybeans was 3.85%. The countries with the highest import tariffs for Soybeans were Cuba (5.76%), Panama (5.76%), Angola (4%), Burundi (4%), and Benin (4%).

Value

EXPORTS (2018): $33.2B

IMPORTS (2018): $63M

NET TRADE (2018): $33.1B

In 2018, Brazil exported $33.2B in Soybeans. The main destinations of Brazil exports on Soybeans were China ($27.3B), Spain ($742M), Netherlands ($528M), Turkey ($519M), and Iran ($511M).

In 2018, Brazil imported $63M in Soybeans, mainly from Paraguay ($59.2M), Uruguay ($3.66M), Italy ($60.7k), United States ($18.5k), and Argentina ($7.14k).

IN 2018, Brazil HAD A POSITIVE NET TRADE IN Soybeans WITH:

  • China, $27.3B ($27.3B - $0)
  • Spain, $742M ($742M - $0)
  • Netherlands, $528M ($528M - $0)

IN 2018, Brazil HAD A NEGATIVE NET TRADE IN Soybeans WITH:: Paraguay, -$55.5M ($3.68M - $59.2M)

Flow

THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Brazil WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Brazil WERE (2017 - 2018):

Market Concentration

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Flow
Type

In 2018, Brazil's main exporting competitors in Soybeans were:

In 2018, Brazil's main importing competitors in Soybeans were:

Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Soybeans in Brazil. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

Explore Forecasts

Tariffs by Country

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In 2017, the average tariff for Brazil in Soybeans was 3.85%.

The countries with the highest tariffs for Soybeans in Brazil were Cuba (5.76%), Panama (5.76%), Angola (4%), Burundi (4%), and Benin (4%).

Explore Tariff Data