Exports: In 2019, Brazil exported $26.1B 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 ($20.5B), Spain ($745M), Netherlands ($607M), Thailand ($599M), and Iran ($545M).
The fastest growing export markets for Soybeans of Brazil between 2018 and 2019 were Thailand ($130M), Bangladesh ($118M), and Vietnam ($106M).
Imports: In 2019, Brazil imported $45.4M in Soybeans, becoming the 42nd largest importer of Soybeans in the world. At the same year, Soybeans was the 418th most imported product in Brazil. Brazil imports Soybeans primarily from: Paraguay ($36.6M), Uruguay ($8.82M), Argentina ($12.2k), United States ($567), and China ($200).
The fastest growing import markets in Soybeans for Brazil between 2018 and 2019 were Uruguay ($5.16M), Argentina ($5.05k), and China ($200).
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%).