Soya beans, whether or not broken

1201 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Soybeans. In 2021, Soybeans were the world's 42nd most traded product, with a total trade of $78.5B. Between 2020 and 2021 the exports of Soybeans grew by 22.4%, from $64.1B to $78.5B. Trade in Soybeans represent 0.37% of total world trade.

Soybeans are a part of Oils seeds, oleaginous fruits, grains, straw & fodder. They include Soya beans.

Exports In 2021 the top exporters of Soybeans  were Brazil ($39B), United States ($27.8B), Paraguay ($2.99B), Argentina ($2.53B), and Canada ($2.48B).

Imports In 2021 the top importers of Soybeans were China ($44.2B), Mexico ($3.22B), Argentina ($2.26B), Spain ($2.25B), and Egypt ($2.01B).

Ranking Soybeans ranks 961st in the Product Complexity Index (PCI).

Latest Data

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The following visualization shows the latest trends on Soybeans. 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

Exporters and Importers

Top Origin (2021)Brazil$39B
Top Destination (2021)China$44.2B

In 2021 Soybeans were the world's 42nd most traded product (out of 1,217).

In 2021, the top exporters of Soybeans were Brazil ($39B), United States ($27.8B), Paraguay ($2.99B), Argentina ($2.53B), and Canada ($2.48B).

In 2021, the top importers of Soybeans were China ($44.2B), Mexico ($3.22B), Argentina ($2.26B), Spain ($2.25B), and Egypt ($2.01B).

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Exporters of Soybeans (2021)
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Importers of Soybeans (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Brazil$10.3B
Top Destination Growth (2020 -  2021)China$6.76B

Between 2020 and 2021, the exports of Soybeans grew the fastest in Brazil ($10.3B), United States ($2.34B), Paraguay ($837M), Canada ($468M), and Argentina ($209M).

Between 2020 and 2021, the fastest growing importers of Soybeans were China ($6.76B), Mexico ($1.03B), Spain ($802M), Argentina ($498M), and Germany ($467M).

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Exporters of Soybeans (2020 - 2021)

Importers of Soybeans (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Soybeans.

In 2021, market concentration measured using Shannon Entropy, was 1.94. This means that most of the exports of Soybeans are explained by 3 countries.

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Value of Exports in Soybeans

Net Trade

TOP NET EXPORTER (2021)Brazil$38.6B
TOP NET IMPORTER (2021)China$44.1B

This map shows which countries export or import more of Soybeans. Each country is colored based on the difference in exports and imports of Soybeans during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Soybeans were Brazil ($38.6B), United States ($27.4B), Paraguay ($2.98B), Canada ($2.22B), and Ukraine ($646M).

In 2021, the countries that had a largest trade value in imports than in exports of Soybeans were China ($44.1B), Mexico ($3.22B), Spain ($2.25B), Egypt ($2.01B), and Japan ($1.86B).

Net Trade (2021)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Soybeans 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 (2021)

Country by Relatedness

The following visualization shows the relatedness of Soybeans to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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