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210310 (Harmonized System 1992 for 6-digit)

2022
World Trade $877MRnk 2347 / 4648
2022
Top Exporter | Top Importer $221M | $121MChina | United States
2022
Product Complexity 0.32Rnk 1971 / 4653
2021 - 2022
Export Growth (CAGR) 1.63%Rnk 2735 / 4648
2022
Share of World Trade 0.0037%Rnk 2347 / 4648

About

Overview This page contains the latest trade data of Soya sauce. In 2022, Soya sauce were the world's 2347th most traded product, with a total trade of $877M. Between 2021 and 2022 the exports of Soya sauce grew by 1.63%, from $863M to $877M. Trade in Soya sauce represent 0.0037% of total world trade.

Soya sauce are a part of Sauces and Seasonings.

Exports In 2022 the top exporters of Soya sauce  were China ($221M), Netherlands ($135M), Japan ($83.5M), United States ($80.9M), and Singapore ($55M).

Imports In 2022 the top importers of Soya sauce were United States ($121M), Germany ($49.8M), Canada ($49.4M), France ($44.1M), and United Kingdom ($43.7M).

Ranking Soya sauce ranks 1971st in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Soya sauce. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$221M
Top Destination (2022)United States$121M

In 2022 Soya sauce were the world's 2347th most traded product (out of 4,648).

In 2022, the top exporters of Soya sauce were China ($221M), Netherlands ($135M), Japan ($83.5M), United States ($80.9M), and Singapore ($55M).

In 2022, the top importers of Soya sauce were United States ($121M), Germany ($49.8M), Canada ($49.4M), France ($44.1M), and United Kingdom ($43.7M).

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Exporters of Soya sauce (2022)
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Importers of Soya sauce (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$14.9M
Top Destination Growth (2021 -  2022)United States$11.8M

Between 2021 and 2022, the exports of Soya sauce grew the fastest in China ($14.9M), United States ($8.19M), Thailand ($4.02M), Philippines ($2.64M), and Malaysia ($2.6M).

Between 2021 and 2022, the fastest growing importers of Soya sauce were United States ($11.8M), Honduras ($11.3M), Philippines ($6.82M), Indonesia ($4.81M), and Australia ($3.58M).

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Exporters of Soya sauce (2021 - 2022)

Importers of Soya sauce (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Soya sauce.

In 2022, market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Soya sauce are explained by 13 countries.

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Value of Exports in Soya sauce

Net Trade

TOP NET EXPORTER (2022)China$198M
TOP NET IMPORTER (2022)Canada$45.9M

This map shows which countries export or import more of Soya sauce. Each country is colored based on the difference in exports and imports of Soya sauce during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Soya sauce were China ($198M), Netherlands ($104M), Japan ($79.8M), Singapore ($41.1M), and Thailand ($36M).

In 2022, the countries that had a largest trade value in imports than in exports of Soya sauce were Canada ($45.9M), Australia ($41.9M), United States ($40.1M), France ($39.7M), and United Kingdom ($35.2M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Soya sauce.
It is possible to select the main countries that export or import Soya sauce in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Soya sauce by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2022)

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