Soybeans in China 2021 Exports | Imports : $110M | $44.2B, World Rnk 11 / 138 Rnk 837 / 1215 | World Rnk 1 / 190 Rnk 7 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $8.49M | $6.31B, South Korea | Brazil
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Soybeans: -0.97, Rnk 828 / 1029
Exports In 2021, China exported $110M in Soybeans, making it the 11th largest exporter of Soybeans in the world. At the same year, Soybeans was the 837th most exported product in China. The main destination of Soybeans exports from China are: South Korea ($46.5M), Japan ($22.1M), North Korea ($5.9M), Chinese Taipei ($4.25M), and Belgium ($3.32M).
The fastest growing export markets for Soybeans of China between 2020 and 2021 were South Korea ($8.49M), North Korea ($5.9M), and Chinese Taipei ($3.57M).
Imports In 2021, China imported $44.2B in Soybeans, becoming the 1st largest importer of Soybeans in the world. At the same year, Soybeans was the 7th most imported product in China. China imports Soybeans primarily from: Brazil ($27.2B), United States ($14.3B), Argentina ($1.78B), Canada ($345M), and Russia ($297M).
The fastest growing import markets in Soybeans for China between 2020 and 2021 were Brazil ($6.31B), United States ($374M), and Canada ($138M).
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 treatment, 2.4%), Botswana (Most Favoured Nation duty rate treatment, 2.4%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 2.4%), Cameroon (Most Favoured Nation duty rate treatment, 2.4%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 2.4%).
March 2023
Overview In March 2023 China's Soybeans exports accounted up to $6.43M and imports accounted up to $4.54B, resulting in a negative trade balance of $4.54B. Between March 2022 and March 2023 the exports of China's Soybeans have decreased by $-4.85M (-43%) from $11.3M to $6.43M, while imports increased by $550M (13.8%) from $3.99B to $4.54B.
Destinations In March 2023, Soybeans were exported mostly to Japan ($2.86M), South Korea ($1.84M), United Kingdom ($645k), Philippines ($252k), and Taiwan ($183k), and were imported mostly from United States ($3.23B), Brazil ($1.1B), Canada ($97M), Russia ($58.8M), and Argentina ($44.9M).
Growth In March 2023, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-155k or -42.2%), Thailand ($-29.6k or -29.8%), and Malaysia ($-27.9k or -33.6%). In March 2023, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from Brazil ($895M or 195%), United States ($761M or 25%), and Canada ($66.2M or 411%).
EXPORT GROWTH (March 2022 - March 2023): $-4.85M, (-43%)
IMPORT GROWTH (March 2022 - March 2023): $550M, (13.8%)
MAIN EXPORTER (March 2023): Liaoning Province, $4.26M
MAIN DESTINATION (March 2023): Japan, $2.86M
This section shows Soybeans's exports and imports data at subnational level for China. 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.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $110M
IMPORTS (2021): $44.2B
NET TRADE (2021): -$44.1B
In 2021, China exported $110M in Soybeans. The main destinations of China exports on Soybeans were South Korea ($46.5M), Japan ($22.1M), North Korea ($5.9M), Chinese Taipei ($4.25M), and Belgium ($3.32M).
In 2021, China imported $44.2B in Soybeans, mainly from Brazil ($27.2B), United States ($14.3B), Argentina ($1.78B), Canada ($345M), and Russia ($297M).
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Soybeans were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 nutria