Overview This page contains the latest trade data of Soybeans. In 2020, Soybeans were the world's 42nd most traded product, with a total trade of $64B. Between 2019 and 2020 the exports of Soybeans grew by 15.7%, from $55.3B to $64B. Trade in Soybeans represent 0.38% of total world trade.
Soybeans are a part of Oil seeds and oleaginous fruits. They include Soya beans.
Exports In 2020 the top exporters of Soybeans were Brazil ($28.6B), United States ($25.6B), Argentina ($2.31B), Paraguay ($2.15B), and Canada ($1.95B).
Imports In 2020 the top importers of Soybeans were China ($37.4B), Netherlands ($2.44B), Mexico ($2.19B), Egypt ($1.82B), and Argentina ($1.76B).
Tariffs In 2018 the average tariff for Soybeans was 4.14%, making it the 976th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Soybeans are South Korea (469%), 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 Soybeans ranks 826th in the Product Complexity Index (PCI).