Soybeans in Russia 2020 Exports | Imports : $450M | $767M, World Rnk 7 / 132 Rnk 74 / 1210 | World Rnk 15 / 188 Rnk 67 / 1205
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $78.3M | $32.9M, Belarus | Brazil
Exports In 2020, Russia exported $450M in Soybeans, making it the 7th largest exporter of Soybeans in the world. At the same year, Soybeans was the 74th most exported product in Russia. The main destination of Soybeans exports from Russia are: China ($266M), Belarus ($81.4M), Turkey ($42.7M), United States ($35.7M), and South Korea ($10M).
The fastest growing export markets for Soybeans of Russia between 2019 and 2020 were Belarus ($78.3M), China ($59.7M), and United States ($24.6M).
Imports In 2020, Russia imported $767M in Soybeans, becoming the 15th largest importer of Soybeans in the world. At the same year, Soybeans was the 67th most imported product in Russia. Russia imports Soybeans primarily from: Brazil ($387M), Paraguay ($233M), Serbia ($43.4M), Argentina ($41.2M), and Croatia ($35.4M).
The fastest growing import markets in Soybeans for Russia between 2019 and 2020 were Brazil ($32.9M), Croatia ($25.5M), and Serbia ($13.2M).
January 2022
Overview In January 2022 Russia's Soybeans exports accounted up to $25.1M and imports accounted up to $97.2M, resulting in a negative trade balance of $72.1M. Between January 2021 and January 2022 the exports of Russia's Soybeans have decreased by $-301M (-92.3%) from $326M to $25.1M, while imports decreased by $-4.14M (-4.09%) from $101M to $97.2M.
Destinations In January 2022, Soybeans were exported mostly to Belarus ($14.9M), China ($7.69M), Kazakhstan ($2.22M), Japan ($140k), and Hong Kong ($104k), and were imported mostly from Paraguay ($45.4M), Brazil ($36.6M), Romania ($11.5M), Serbia ($3.69M), and Austria ($1.94k).
Growth In January 2022, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to Unknown ($-2.95M or -35.5%), Belarus ($-2.34M or -74%), and Kazakhstan ($-136k or -14.9%). In January 2022, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Serbia ($-1.27M or -26.2%).
EXPORT GROWTH (January 2021 - January 2022): $-301M, (-92.3%)
IMPORT GROWTH (January 2021 - January 2022): $-4.14M, (-4.09%)
MAIN EXPORTER (January 2022): Kaliningrad Region, $13.9M
MAIN DESTINATION (January 2022): Belarus, $14.9M
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.
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EXPORTS (2020): $450M
IMPORTS (2020): $767M
NET TRADE (2020): -$317M
In 2020, Russia exported $450M in Soybeans. The main destinations of Russia exports on Soybeans were China ($266M), Belarus ($81.4M), Turkey ($42.7M), United States ($35.7M), and South Korea ($10M).
In 2020, Russia imported $767M in Soybeans, mainly from Brazil ($387M), Paraguay ($233M), Serbia ($43.4M), Argentina ($41.2M), and Croatia ($35.4M).
IN 2020, Russia HAD A POSITIVE NET TRADE IN Soybeans WITH:
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Russia WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Russia WERE (2019 - 2020):
In 2019, Russia's main exporting competitors in Soybeans were:
In 2019, Russia's main importing competitors in Soybeans were:
In 2018, the tariffs for Soybeans in the imports of Russia were of 0% around the world.
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