Soybeans in Russia | The Observatory of Economic Complexity

About

Exports In 2022, Russia exported $406M in Soybeans, making it the 8th largest exporter of Soybeans in the world. At the same year, Soybeans was the 76th most exported product in Russia. The main destination of Soybeans exports from Russia are: China ($339M), United States ($31.3M), Kazakhstan ($20.7M), South Korea ($7.84M), and Turkey ($2.81M).

The fastest growing export markets for Soybeans of Russia between 2021 and 2022 were China ($42.8M), United States ($8.81M), and Turkey ($963k).

Imports In 2022, Russia imported $938M in Soybeans, becoming the 18th largest importer of Soybeans in the world. At the same year, Soybeans was the 39th most imported product in Russia. Russia imports Soybeans primarily from: Brazil ($889M), Paraguay ($46M), Romania ($1.17M), France ($1.08M), and Canada ($250k).

The fastest growing import markets in Soybeans for Russia between 2021 and 2022 were Brazil ($543M), Lithuania ($178k), and Austria ($45.2k).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Soybeans from Russia to the United States.

Feb 2024

View

LinePlot

StackedArea

Flow

Exports

Imports

Y-AXIS SCALE

Linear

Log

Value

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.

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$406M

IMPORTS (2022)$938M

NET TRADE (2022)-$532M

In 2022, Russia exported $406M in Soybeans. The main destinations of Russia exports on Soybeans were China ($339M), United States ($31.3M), Kazakhstan ($20.7M), South Korea ($7.84M), and Turkey ($2.81M).

In 2022, Russia imported $938M in Soybeans, mainly from Brazil ($889M), Paraguay ($46M), Romania ($1.17M), France ($1.08M), and Canada ($250k).