Overview In September 2022 China's Soybeans exports accounted up to $17.4M and imports accounted up to $5.53B, resulting in a negative trade balance of $5.51B. Between September 2021 and September 2022 the exports of China's Soybeans have increased by $15.6M (871%) from $1.79M to $17.4M, while imports increased by $1.43B (34.9%) from $4.1B to $5.53B.
Destinations In September 2022, Soybeans were exported mostly to South Korea ($16M), Japan ($734k), Hong Kong ($143k), Australia ($105k), and Spain ($90.1k), and were imported mostly from Brazil ($3.99B), United States ($833M), Uruguay ($351M), Argentina ($300M), and Russia ($34.4M).
Growth In September 2022, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to Japan ($942k or 57.4%), Singapore ($55.6k or 8.55k%), and Italy ($27.2k or 321%). In September 2022, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from United States ($1.74B or 135%), Canada ($15.1M or 1.54k%), and Ukraine ($2.28M or 74.8%).