EXPORTS (2018): $293M, World Rnk 8 / 105
Rnk 114 / 1196
TOP DESTINATION (2018): $244M, China
FASTEST GROWING MARKET (2017 - 2018): $104M, China
IMPORTS (2018): $833M, World Rnk 15 / 166 Rnk 60 / 1200
TOP ORIGIN (2018): $451M, Brazil
FASTEST GROWING ORIGIN (2017 - 2018): $30.3M, Brazil
ECONOMIC COMPLEXITY of Russia (2018): 0.6, Rnk 41 / 137
PRODUCT COMPLEXITY IN Soybeans (2018): -1.3, Rnk 899 / 1018
Exports: In 2018, Russia exported $293M in Soybeans, making it the 8th largest exporter of Soybeans in the world. At the same year, Soybeans was the 114th most exported product in Russia. The main destination of Soybeans exports from Russia are: China ($244M), Belarus ($32.8M), South Korea ($6.27M), United States ($2.3M), and Kazakhstan ($2M).
The fastest growing export markets for Soybeans of Russia between 2017 and 2018 were China ($104M), Belarus ($32.8M), and South Korea ($5.12M).
Imports: In 2018, Russia imported $833M in Soybeans, becoming the 15th largest importer of Soybeans in the world. At the same year, Soybeans was the 60th most imported product in Russia. Russia imports Soybeans primarily from: Brazil ($451M), Paraguay ($301M), Argentina ($42.1M), Romania ($13.4M), and Belarus ($12.4M).
The fastest growing import markets in Soybeans for Russia between 2017 and 2018 were Brazil ($30.3M), Argentina ($24.3M), and Belarus ($12.3M).
Overview: In November 2020 Russia's Soybeans exports accounted up to $45M and imports accounted up to $57M, resulting in a negative trade balance of $12M. Between November 2019 and November 2020 the exports of Russia's Soybeans have increased by $15.8M (54.3%) from $29.2M to $45M, while imports increased by $4.92M (9.44%) from $52M to $57M.
Destinations: In November 2020 Soybeans exported mostly to China ($28.3M), Unknown ($6.66M), Belarus ($4.61M), Turkey ($2.26M), and South Korea ($1.62M), and imported mostly from Paraguay ($29.2M), Brazil ($15M), Serbia ($8M), Romania ($4.73M), and Austria ($6.5k).
Growth: In November 2020, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to China ($8.13M or 40.2%), Belarus ($4.46M or 2.92k%), and Unknown ($3.42M or 105%). In November 2020, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from Paraguay ($9.09M or 45.1%), Serbia ($2M or 33.4%), and Austria ($4.57k or 238%).
EXPORT GROWTH (November 2019 - November 2020): $15.8M, (54.3%)
IMPORT GROWTH (November 2019 - November 2020): $4.92M, (9.44%)
MAIN EXPORTER (November 2020): Amur Region, $13.4M
MAIN DESTINATION (November 2020): China, $28.3M
This section shows Soybeans's exports and imports data at subnational level for Russia. 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.
EXPORTS (2018): $293M
IMPORTS (2018): $833M
NET TRADE (2018): -$540M
In 2018, Russia exported $293M in Soybeans. The main destinations of Russia exports on Soybeans were China ($244M), Belarus ($32.8M), South Korea ($6.27M), United States ($2.3M), and Kazakhstan ($2M).
In 2018, Russia imported $833M in Soybeans, mainly from Brazil ($451M), Paraguay ($301M), Argentina ($42.1M), Romania ($13.4M), and Belarus ($12.4M).
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Russia WERE (2017 - 2018):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Russia WERE (2017 - 2018):
In 2018, Russia's main exporting competitors in Soybeans were:
This section shows forecasts for total exports and imports, for Soybeans in Russia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.
In 2018, the tariffs for Soybeans in the imports of Russia were of 0% around the world.
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