HS Icon Soybeans in  Flag Brazil

2019
Exports | Imports
: $26.1B | $45.4M, World Rnk 1 / 118
Flag Rnk 1 / 1199 | World Rnk 42 / 191
Flag Rnk 418 / 1196

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $130M | $5.16M, Thailand |  Uruguay

2019
ECONOMIC COMPLEXITY of Brazil
: 0.58, Rnk 44 / 147

2019
PRODUCT COMPLEXITY  IN Soybeans
: -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 (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 5.76%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 5.76%), Angola (Most Favoured Nation duty rate treatement, 4%), Burundi (Most Favoured Nation duty rate treatement, 4%), and Benin (Most Favoured Nation duty rate treatement, 4%).

Latest Trends (March 2021)

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Overview: In March 2021 Brazil's Soybeans exports accounted up to $5.36B and imports accounted up to $27.1M, resulting in a positive trade balance of $5.33B. Between March 2020 and March 2021 the exports of Brazil's   Soybeans have increased by $1.61B (43.1%) from $3.74B to $5.36B, while imports increased by $18.9M (229%) from $8.23M to $27.1M.

Destinations: In March 2021, Soybeans were exported mostly to China ($3.87B), Thailand ($220M), Spain ($193M), Netherlands ($143M), and Turkey ($107M), and were imported mostly from Paraguay ($25.4M), Uruguay ($880k), Argentina ($783k), and United States ($213).

Growth: In March 2021, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to China ($1.06B or 38%), Thailand ($147M or 200%), and Spain ($66.2M or 52.2%). In March 2021, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from Paraguay ($17.2M or 209%) and Argentina ($783k or 208k%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (March 2020 - March 2021): $1.61B, (43.1%)

IMPORT GROWTH (March 2020 - March 2021): $18.9M, (229%)

MAIN EXPORTER (March 2021): Mato Grosso, $1.82B

MAIN DESTINATION (March 2021): China, $3.87B

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

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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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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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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 (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 5.76%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 5.76%), Angola (Most Favoured Nation duty rate treatement, 4%), Burundi (Most Favoured Nation duty rate treatement, 4%), and Benin (Most Favoured Nation duty rate treatement, 4%).