2023
Exports
$739MWorld Rnk 7 / 142
Flag Rnk 44 / 1200
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$745MWorld Rnk 18 / 193
Flag Rnk 62 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $739M in Soybeans, making it the 7th largest exporter of Soybeans in the world. At the same year, Soybeans was the 44th most exported product in Russia. The main destination of Soybeans exports from Russia are: China ($686M), Kazakhstan ($26M), United States ($20.5M), Turkey ($3.72M), and Kyrgyzstan ($1.2M).

The fastest growing export markets for Soybeans of Russia between 2022 and 2023 were China ($303M), Kazakhstan ($2.97M), and Kyrgyzstan ($999k).

Imports In 2023, Russia imported $745M in Soybeans, becoming the 18th largest importer of Soybeans in the world. At the same year, Soybeans was the 62nd most imported product in Russia. Russia imports Soybeans primarily from: Brazil ($613M), Paraguay ($129M), France ($1.48M), Austria ($676k), and Canada ($177k).

The fastest growing import markets in Soybeans for Russia between 2022 and 2023 were Paraguay ($83.5M), Austria ($463k), and France ($394k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$739M
IMPORTS (2023)$745M
NET TRADE (2023)-$6.04M

In 2023, Russia exported $739M in Soybeans. The main destinations of Russia exports on Soybeans were China ($686M), Kazakhstan ($26M), United States ($20.5M), Turkey ($3.72M), and Kyrgyzstan ($1.2M).

In 2023, Russia imported $745M in Soybeans, mainly from Brazil ($613M), Paraguay ($129M), France ($1.48M), Austria ($676k), and Canada ($177k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Russia WERE (2022 - 2023):
China$303M (78.9%)
Kazakhstan$2.97M (12.9%)
Kyrgyzstan$999k (493%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Russia WERE (2022 - 2023):
United States-$10.8M (-34.5%)
South Korea-$8.93M (-100%)
Japan-$2.08M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Soybeans were:
In 2023, Russia's main importing competitors in Soybeans were:
China $56.6B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $233M
TOP IMPORT POTENTIALParaguay+ $15.5M

Soybeans’s highest export potential is China. With an export gap of $233M.   Soybeans’s highest import potential is Paraguay with an import gap of $15.5M.

See methodology.

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