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2023
Exports $53.1BWorld Rnk 1 / 142
Flag Rnk 1 / 1207
2023
Destination $6.17B China
2022 - 2023
FASTEST GROWING MARKET $6.17BChina
2023
PRODUCT COMPLEXITY IN Soybeans-1.67Rnk 968 / 1025
2023
Imports $96.8MWorld Rnk 39 / 193
Flag Rnk 325 / 1200
2023
Origin $13.2k Paraguay
2022 - 2023
FASTEST GROWING ORIGIN $13.2kCanada
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $53.1B 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 ($38.6B), Argentina ($2.16B), Thailand ($1.5B), Spain ($1.05B), and Iran ($904M).

The fastest growing export markets for Soybeans of Brazil between 2022 and 2023 were China ($6.17B), Argentina ($1.96B), and Iraq ($350M).

Imports In 2023, Brazil imported $96.8M in Soybeans, becoming the 39th largest importer of Soybeans in the world. At the same year, Soybeans was the 325th most imported product in Brazil. Brazil imports Soybeans primarily from: Paraguay ($89.2M), Uruguay ($7.63M), Argentina ($24.1k), United States ($14.6k), and Canada ($13.2k).

The fastest growing import markets in Soybeans for Brazil between 2022 and 2023 were Canada ($13.2k), United States ($10.2k), and India ($1.79k).

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Soybeans exports accounted up to $853M and imports accounted up to $363k, resulting in a positive trade balance of $853M. Between December 2023 and December 2024 the exports of Brazil's   Soybeans have decreased by $-1.14B (-57.1%) from $1.99B to $853M, while imports decreased by $-9.39M (-96.3%) from $9.76M to $363k.

Destinations In December 2024, Soybeans were exported mostly to China ($618M), Thailand ($129M), Iraq ($60.2M), Iran ($30.5M), and Norway ($15.1M), and were imported mostly from Paraguay ($363k) and United States ($79).

Growth In December 2024, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to Russia ($-66.3M or -98.7%) and Japan ($-1.68k or -15%). In December 2024, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.14B(-57.1%)
IMPORT GROWTH (December 2023 - December 2024)$-9.39M(-96.3%)
MAIN EXPORTER (December 2024)Mato Grosso$2.01B
MAIN DESTINATION (December 2024)China$618M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$53.1B
IMPORTS (2023)$96.8M
NET TRADE (2023)$53B

In 2023, Brazil exported $53.1B in Soybeans. The main destinations of Brazil exports on Soybeans were China ($38.6B), Argentina ($2.16B), Thailand ($1.5B), Spain ($1.05B), and Iran ($904M).

In 2023, Brazil imported $96.8M in Soybeans, mainly from Paraguay ($89.2M), Uruguay ($7.63M), Argentina ($24.1k), United States ($14.6k), and Canada ($13.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
China$6.17B (19%)
Argentina$1.96B (1.03k%)
Iraq$350M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Brazil WERE (2022 - 2023):
Pakistan-$586M (-86.1%)
Germany-$580M (-96%)
Iran-$455M (-33.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Soybeans were:
United States $27.2B
Paraguay $3.26B
In 2023, Brazil's main importing competitors in Soybeans were:
China $56.6B
Argentina $5.41B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $207M
TOP IMPORT POTENTIALUruguay+ $8.67M

Soybeans’s highest export potential is Mexico. With an export gap of $207M.   Soybeans’s highest import potential is Uruguay with an import gap of $8.67M.

See methodology.

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