Exports In 2020, China exported $90.2M in Soybeans, making it the 14th largest exporter of Soybeans in the world. At the same year, Soybeans was the 838th most exported product in China. The main destination of Soybeans exports from China are: South Korea ($38M), Japan ($21.2M), Chinese Taipei ($2.81M), Canada ($2.3M), and Australia ($2.28M).
The fastest growing export markets for Soybeans of China between 2019 and 2020 were Chinese Taipei ($1.43M), Nigeria ($413k), and United States ($282k).
Imports In 2020, China imported $37.4B in Soybeans, becoming the 1st largest importer of Soybeans in the world. At the same year, Soybeans was the 5th most imported product in China. China imports Soybeans primarily from: Brazil ($20.9B), United States ($13.9B), Argentina ($1.87B), Russia ($266M), and Uruguay ($214M).
The fastest growing import markets in Soybeans for China between 2019 and 2020 were United States ($6.04B), Brazil ($457M), and Canada ($181M).
Tariffs In 2018, the average tariff for China in Soybeans was 1.86%. The countries with the highest import tariffs for Soybeans were Burkina Faso (Most Favoured Nation duty rate treatement, 2.4%), Botswana (Most Favoured Nation duty rate treatement, 2.4%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 2.4%), Cameroon (Most Favoured Nation duty rate treatement, 2.4%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 2.4%).