Soybeans in Brazil

EXPORTS (2019): $26.1B, World Rnk 1 / 118
Flag Rnk 1 / 1199

TOP DESTINATION (2019): $20.5B, China

FASTEST GROWING MARKET (2018 - 2019): $130M, Thailand

IMPORTS (2019): $45.4M, World Rnk 42 / 191
Flag Rnk 418 / 1196

TOP ORIGIN (2019): $36.6M, Paraguay

FASTEST GROWING ORIGIN (2018 - 2019): $5.16M, Uruguay

ECONOMIC COMPLEXITY of Brazil (2019): 0.64, Rnk 44 / 157

PRODUCT COMPLEXITY  IN Soybeans (2019): -1.25, Rnk 898 / 1029

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%).

Overview: In January 2021 Brazil's Soybeans exports accounted up to $23.3M and imports accounted up to $33.7M, resulting in a negative trade balance of $10.4M. Between January 2020 and January 2021 the exports of Brazil's   Soybeans have decreased by $-482M (-95.4%) from $505M to $23.3M, while imports increased by $27.4M (434%) from $6.31M to $33.7M.

Destinations: In January 2021 Soybeans exported mostly to Russia ($15.9M), China ($7.35M), Japan ($15.4k), Paraguay ($570), and Marshall Islands ($393), and imported mostly from Paraguay ($18.5M), United States ($13.6M), Uruguay ($1.18M), and Argentina ($364k).

Growth: In January 2021, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to China ($-362M or -98%), Russia ($-16.9M or -51.6%), and Japan ($-1.63M or -99.1%). In January 2021, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from United States ($13.6M or 271M%), Paraguay ($12.2M or 194%), and Argentina ($364k or 96.8k%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (January 2020 - January 2021): $-482M, (-95.4%)

IMPORT GROWTH (January 2020 - January 2021): $27.4M, (434%)

MAIN EXPORTER (January 2021): ParanΓ‘, $21.8M

MAIN DESTINATION (January 2021): Russia, $15.9M

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 (2019): $26.1B

IMPORTS (2019): $45.4M

NET TRADE (2019): $26.1B

In 2019, Brazil exported $26.1B in Soybeans. The main destinations of Brazil exports on Soybeans were China ($20.5B), Spain ($745M), Netherlands ($607M), Thailand ($599M), and Iran ($545M).

In 2019, Brazil imported $45.4M in Soybeans, mainly from Paraguay ($36.6M), Uruguay ($8.82M), Argentina ($12.2k), United States ($567), and China ($200).

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IN 2019, Brazil HAD A POSITIVE NET TRADE IN Soybeans WITH:

IN 2019, Brazil HAD A NEGATIVE NET TRADE IN Soybeans WITH:

Flow

THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Brazil WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Brazil WERE (2018 - 2019):

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Market Concentration

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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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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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