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2022
Exports $3.99BWorld Rnk 2 / 135
Flag Rnk 15 / 1206
2022
Destination $1.58B India
2021 - 2022
FASTEST GROWING MARKET $1.58BIndia
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $25.7MWorld Rnk 71 / 215
Flag Rnk 599 / 1198
2022
Origin $929k Paraguay
2021 - 2022
FASTEST GROWING ORIGIN $929kUruguay
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $3.99B in Soybean Oil, making it the 2nd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 15th most exported product in Brazil. The main destination of Soybean Oil exports from Brazil are: India ($2.36B), Bangladesh ($393M), China ($240M), Venezuela ($206M), and Iran ($202M).

The fastest growing export markets for Soybean Oil of Brazil between 2021 and 2022 were India ($1.58B), Bangladesh ($191M), and Iran ($106M).

Imports In 2022, Brazil imported $25.7M in Soybean Oil, becoming the 71st largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 599th most imported product in Brazil. Brazil imports Soybean Oil primarily from: Paraguay ($21M), Bolivia ($2.67M), Uruguay ($1.48M), Germany ($223k), and Argentina ($131k).

The fastest growing import markets in Soybean Oil for Brazil between 2021 and 2022 were Uruguay ($929k), Bolivia ($837k), and Netherlands ($111k).

COMPANIES In 2023, leading companies such as Barry Callebaut (3) were at the forefront of shipping Soybean Oil from Brazil to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Brazil's Soybean Oil exports accounted up to $85.2M and imports accounted up to $8.44M, resulting in a positive trade balance of $76.7M. Between September 2023 and September 2024 the exports of Brazil's   Soybean Oil have decreased by $-71.5M (-45.6%) from $157M to $85.2M, while imports increased by $7.72M (1.07k%) from $722k to $8.44M.

Destinations In September 2024, Soybean Oil were exported mostly to India ($45.6M), China ($21.8M), Bangladesh ($6.93M), Peru ($2.99M), and Venezuela ($2.95M), and were imported mostly from Paraguay ($8.14M), Uruguay ($239k), Germany ($58.5k), Netherlands ($2.95k), and United States ($2.32k).

Growth In September 2024, the decrease in Soybean Oil's year-by-year exports was explained primarily by a decrease in exports to Angola ($-9.56M or -87.6%), India ($-2.11M or -1.22%), and Paraguay ($-76.6k or -45.6%). In September 2024, the increase in Soybean Oil's year-by-year imports was explained primarily by an increase in imports from Paraguay ($1.53M or 299%) and Germany ($66.3k or 337%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-71.5M(-45.6%)
IMPORT GROWTH (September 2023 - September 2024)$7.72M(1.07k%)
MAIN EXPORTER (September 2024)Paraná$63M
MAIN DESTINATION (September 2024)India$45.6M

This section shows Soybean Oil's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybean Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.99B
IMPORTS (2022)$25.7M
NET TRADE (2022)$3.96B

In 2022, Brazil exported $3.99B in Soybean Oil. The main destinations of Brazil exports on Soybean Oil were India ($2.36B), Bangladesh ($393M), China ($240M), Venezuela ($206M), and Iran ($202M).

In 2022, Brazil imported $25.7M in Soybean Oil, mainly from Paraguay ($21M), Bolivia ($2.67M), Uruguay ($1.48M), Germany ($223k), and Argentina ($131k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
India$1.58B (204%)
Bangladesh$191M (94.5%)
Iran$106M (111%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Brazil WERE (2021 - 2022):
China-$233M (-49.3%)
Egypt-$40.9M (-100%)
Netherlands-$22.2M (-96.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Soybean Oil were:
Argentina $6.79B
United States $1.06B
In 2022, Brazil's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $49.3M
TOP IMPORT POTENTIALBolivia+ $2.98M

Soybean Oil’s highest export potential is China. With an export gap of $49.3M.   Soybean Oil’s highest import potential is Bolivia with an import gap of $2.98M.

See methodology.

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