Soybeans in Russia

EXPORTS (2018): $293M, World Rnk 8 / 105
Flag Rnk 114 / 1196

TOP DESTINATION (2018): $244M, China

FASTEST GROWING MARKET (2017 - 2018): $104M, China

IMPORTS (2018): $833M, World Rnk 15 / 166
Flag 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%).

Subnational Monthly Trade

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Flow
Value

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.

Value

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).

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IN 2018, Russia HAD A POSITIVE NET TRADE IN Soybeans WITH:

IN 2018, Russia HAD A NEGATIVE NET TRADE IN Soybeans WITH:: Denmark , -$73.9k ($1.27M - $1.35M)

Flow

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):

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Market Concentration

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Flow
Type

In 2018, Russia's main exporting competitors in Soybeans were:

In 2018, Russia's main importing competitors in Soybeans were:

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Trade Forecasts

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Time

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.

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Tariffs by Country

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In 2018, the tariffs for Soybeans in the imports of Russia were of 0% around the world.

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