Soybeans in Brazil

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

TOP DESTINATION (2018): $27.3B, China

FASTEST GROWING 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

Overview: This page contains the latest trade data of Soybeans in Brazil.

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%).

Overview: In July 2020 Brazil's Soybeans exports accounted up to $3.61B and imports accounted up to $37.7M, resulting in a positive trade balance of $3.58B. Between July 2019 and July 2020 the exports of Brazil's   Soybeans have increased by $1.01B (39%) from $2.6B to $3.61B, while imports increased by $34M (919%) from $3.7M to $37.7M.

Destinations: In July 2020 Soybeans exported mostly to China ($2.75B), Spain ($160M), Turkey ($120M), Netherlands ($107M), and Thailand ($84.5M), and imported mostly from Paraguay ($37.7M), Argentina ($6.7k), and United States ($926).

Growth: In July 2020, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to China ($650M or 30.9%), Spain ($89.2M or 127%), and Netherlands ($70.1M or 189%). In July 2020, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from Paraguay ($36.7M or 3.48k%), United States ($883 or 2.05k%), and Argentina ($591 or 9.67%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $1.01B, (39%)

IMPORT GROWTH (July 2019 - July 2020): $34M, (919%)

MAIN EXPORTER (July 2020): Mato Grosso, $574M

MAIN DESTINATION (July 2020): China, $2.75B

This section shows Soybeans's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybeans over time.

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).

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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):

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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:

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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.

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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%).

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