HS Icon Soya beans: other than seed, whether or not broken

120190 (Harmonized System 2012 for 6-digit)

Overview This page contains the latest trade data of Soya beans: other than seed, whether or not broken. In 2020, Soya beans: other than seed, whether or not broken were the world's 33rd most traded product, with a total trade of $62.5B. Between 2019 and 2020 the exports of Soya beans: other than seed, whether or not broken grew by 12.8%, from $55.3B to $62.5B. Trade in Soya beans: other than seed, whether or not broken represent 0.37% of total world trade.

Soya beans: other than seed, whether or not broken are a part of Soya beans, whether or not broken.

Exports In 2020 the top exporters of Soya beans: other than seed, whether or not broken  were Brazil ($29.1B), United States ($23.4B), Argentina ($2.3B), Paraguay ($2.15B), and Canada ($1.97B).

Imports In 2020 the top importers of Soya beans: other than seed, whether or not broken were China ($36B), Mexico ($2.18B), Netherlands ($2.03B), Argentina ($1.76B), and Thailand ($1.45B).

Tariffs In 2018 the average tariff for Soya beans: other than seed, whether or not broken was 8.07%, making it the 2832nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Soya beans: other than seed, whether or not broken are South Korea (463%), Thailand (77.3%), Bhutan (48.9%), and Venezuela (38.4%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), United Arab Emirates (0%), and Armenia (0%).

Ranking Soya beans: other than seed, whether or not broken ranks 4317th in the Product Complexity Index (PCI).

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The following visualization shows the latest trends on Soya beans: other than seed, whether or not broken. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Brazil, $29.1B

Top Destination (2020): China, $36B

Soya beans: other than seed, whether or not broken are the world's 33rd most traded product.

In 2020, the top exporters of Soya beans: other than seed, whether or not broken were Brazil ($29.1B), United States ($23.4B), Argentina ($2.3B), Paraguay ($2.15B), and Canada ($1.97B).

In 2020, the top importers of Soya beans: other than seed, whether or not broken were China ($36B), Mexico ($2.18B), Netherlands ($2.03B), Argentina ($1.76B), and Thailand ($1.45B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): United States, $4.53B

Top Destination Growth (2019 - 2020): China, $4.46B

Between 2019 and 2020, the exports of Soya beans: other than seed, whether or not broken grew the fastest in United States ($4.53B), Brazil ($2.73B), Paraguay ($571M), Canada ($297M), and Russia ($154M).

Between 2019 and 2020, the fastest growing importers of Soya beans: other than seed, whether or not broken were China ($4.46B), Netherlands ($571M), Argentina ($294M), Thailand ($276M), and Brazil ($257M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Soya beans: other than seed, whether or not broken.

In 2020,  market concentration measured using Shannon Entropy, was 2.01. This means that most of the exports of Soya beans: other than seed, whether or not broken are explained by 4 countries.

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TOP NET EXPORTER (2020): Brazil, $28.8B

TOP NET IMPORTER (2020): China, $35.9B

This map shows which countries export or import more of Soya beans: other than seed, whether or not broken. Each country is colored based on the difference in exports and imports of Soya beans: other than seed, whether or not broken during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Soya beans: other than seed, whether or not broken were Brazil ($28.8B), United States ($23.2B), Paraguay ($2.15B), Canada ($1.86B), and Ukraine ($727M).

In 2020, the countries that had a largest trade value in imports than in exports of Soya beans: other than seed, whether or not broken were China ($35.9B), Mexico ($2.18B), Netherlands ($1.6B), Thailand ($1.45B), and Egypt ($1.43B).

Disaggregation

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Value

In 2019, the world most traded Soya beans: other than seed, whether..., disaggragated by their HS6 level were Soya beans; other than seed, whether... ($62.5B)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Soya beans: other than seed, whether or not broken.
It is possible to select the main countries that export or import Soya beans: other than seed, whether or not broken in the world, or by continent, as well as select the measure of interest.

Import Tariffs

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In 2018, the average tariff for importing Soya beans: other than seed, whether or not broken was 8.07%. The countries with the highest tariffs for importing Soya beans: other than seed, whether or not broken were South Korea (463%), Thailand (77.3%), Bhutan (48.9%), and Venezuela (38.4%).

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.