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2023
Exports $1.04MWorld Rnk 60 / 142
Flag Rnk 1026 / 1209
2023
Destination $79k Canada
2022 - 2023
FASTEST GROWING MARKET $79kAustralia
2023
PRODUCT COMPLEXITY IN Soybeans-1.67Rnk 968 / 1025
2023
Imports $2.14BWorld Rnk 3 / 193
Flag Rnk 60 / 1209
2023
Origin $15M United States
2022 - 2023
FASTEST GROWING ORIGIN $15MCanada
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $1.04M in Soybeans, making it the 60th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1026th most exported product in Japan. The main destination of Soybeans exports from Japan are: Canada ($239k), Australia ($235k), Hong Kong ($152k), Chinese Taipei ($126k), and Germany ($68.6k).

The fastest growing export markets for Soybeans of Japan between 2022 and 2023 were Australia ($79k), Saudi Arabia ($23.5k), and Macau ($14.7k).

Imports In 2023, Japan imported $2.14B in Soybeans, becoming the 3rd largest importer of Soybeans in the world. At the same year, Soybeans was the 60th most imported product in Japan. Japan imports Soybeans primarily from: United States ($1.48B), Brazil ($367M), Canada ($264M), China ($21.8M), and Nigeria ($779k).

The fastest growing import markets in Soybeans for Japan between 2022 and 2023 were Canada ($15M), Nigeria ($779k), and Hong Kong ($41.1k).

Latest Trends

December 2024

About

Overview In December 2024 Japan's Soybeans exports accounted up to ¥3.95M and imports accounted up to ¥21.2B, resulting in a negative trade balance of ¥21.2B. Between December 2023 and December 2024 the exports of Japan's   Soybeans have decreased by ¥-1.46M (-27%) from ¥5.42M to ¥3.95M, while imports increased by ¥5.86B (38.2%) from ¥15.4B to ¥21.2B.

Destinations In December 2024, Soybeans were exported mostly to Chinese Taipei (¥2.38M), Hong Kong (¥1.24M), and Singapore (¥336k), and were imported mostly from United States (¥16.5B), Canada (¥2.6B), Brazil (¥1.93B), and China (¥167M).

Growth In December 2024, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from Paraguay (¥3.54M or 62.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥-1.46M(-27%)
IMPORT GROWTH (December 2023 - December 2024)¥5.86B(38.2%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Chinese Taipei¥2.38M

This section shows Soybeans's exports and imports data at subnational level for Japan. 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

Trade Balance

Color
EXPORTS (2023)$1.04M
IMPORTS (2023)$2.14B
NET TRADE (2023)-$2.14B

In 2023, Japan exported $1.04M in Soybeans. The main destinations of Japan exports on Soybeans were Canada ($239k), Australia ($235k), Hong Kong ($152k), Chinese Taipei ($126k), and Germany ($68.6k).

In 2023, Japan imported $2.14B in Soybeans, mainly from United States ($1.48B), Brazil ($367M), Canada ($264M), China ($21.8M), and Nigeria ($779k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Australia$79k (50.6%)
Saudi Arabia$23.5k (1%)
Macau$14.7k (125%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Japan WERE (2022 - 2023):
Hong Kong-$142k (-48.3%)
Singapore-$66.3k (-97.7%)
Canada-$31.6k (-11.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Soybeans were:
Brazil $53.1B
United States $27.2B
Paraguay $3.26B
In 2023, Japan's main importing competitors in Soybeans were:
China $56.6B
Argentina $5.41B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $120k
TOP IMPORT POTENTIALBrazil+ $189M

Soybeans’s highest export potential is Germany. With an export gap of $120k.   Soybeans’s highest import potential is Brazil with an import gap of $189M.

See methodology.

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