Soybeans in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $2.84k in Soybeans, making it the 104th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1042nd most exported product in Philippines. The main destination of Soybeans exports from Philippines are: United States ($1.87k), Netherlands ($700), and Indonesia ($266).

The fastest growing export markets for Soybeans of Philippines between 2021 and 2022 were United States ($1.64k), Netherlands ($610), and Indonesia ($244).

Imports In 2022, Philippines imported $113M in Soybeans, becoming the 40th largest importer of Soybeans in the world. At the same year, Soybeans was the 241st most imported product in Philippines. Philippines imports Soybeans primarily from: United States ($71M), Argentina ($20M), Brazil ($11M), Canada ($10.1M), and China ($534k).

The fastest growing import markets in Soybeans for Philippines between 2021 and 2022 were Argentina ($9.5M), Brazil ($5.38M), and Canada ($4.83M).

Mar 2024

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybeans. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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EXPORTS (2022)$2.84k

IMPORTS (2022)$113M

NET TRADE (2022)-$113M

In 2022, Philippines exported $2.84k in Soybeans. The main destinations of Philippines exports on Soybeans were United States ($1.87k), Netherlands ($700), and Indonesia ($266).

In 2022, Philippines imported $113M in Soybeans, mainly from United States ($71M), Argentina ($20M), Brazil ($11M), Canada ($10.1M), and China ($534k).