Overview: This page contains the latest trade data of Soybeans. In 2019, Soybeans were the world's 59th most traded product, with a total trade of $55.2B. Between 2018 and 2019 the exports of Soybeans decreased by -8.45%, from $60.3B to $55.2B. Trade in Soybeans represent 0.31% of total world trade.
Exports: In 2019 the top exporters of Soybeans were Brazil ($26.1B), United States ($19.1B), Argentina ($3.47B), Paraguay ($1.58B), and Canada ($1.57B).
Imports: In 2019 the top importers of Soybeans were China ($32.1B), Mexico ($2.09B), Netherlands ($1.6B), Egypt ($1.44B), and Japan ($1.41B).
Tariffs: In 2018 the average tariff for Soybeans was 4.09%, making it the 973rd lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Soybeans are South Korea (469%), Thailand (77.3%), Venezuela (38.4%), Bahamas (31.2%), and India (25.5%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), United Arab Emirates (0%), and Armenia (0%).
Ranking: Soybeans ranks 817th in the Product Complexity Index (PCI).