2023
Exports
$1.12BWorld Rnk 6 / 142
Flag Rnk 10 / 1111
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$5.41BWorld Rnk 2 / 193
Flag Rnk 1 / 1171
2023
ECONOMIC COMPLEXITY of Argentina
0.043Rnk 61 / 132

About

Exports In 2023, Argentina exported $1.12B in Soybeans, making it the 6th largest exporter of Soybeans in the world. At the same year, Soybeans was the 10th most exported product in Argentina. The main destination of Soybeans exports from Argentina are: China ($949M), United States ($64.9M), Egypt ($24.6M), Chile ($16M), and Indonesia ($16M).

The fastest growing export markets for Soybeans of Argentina between 2022 and 2023 were Malaysia ($9.99M), Egypt ($6.12M), and Uruguay ($5.39M).

Imports In 2023, Argentina imported $5.41B in Soybeans, becoming the 2nd largest importer of Soybeans in the world. At the same year, Soybeans was the 1st most imported product in Argentina. Argentina imports Soybeans primarily from: Paraguay ($3.03B), Brazil ($2.16B), Bolivia ($199M), Uruguay ($19.8M), and United States ($1.57M).

The fastest growing import markets in Soybeans for Argentina between 2022 and 2023 were Paraguay ($1.96B), Brazil ($1.96B), and United Kingdom ($1.26M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.12B
IMPORTS (2023)$5.41B
NET TRADE (2023)-$4.29B

In 2023, Argentina exported $1.12B in Soybeans. The main destinations of Argentina exports on Soybeans were China ($949M), United States ($64.9M), Egypt ($24.6M), Chile ($16M), and Indonesia ($16M).

In 2023, Argentina imported $5.41B in Soybeans, mainly from Paraguay ($3.03B), Brazil ($2.16B), Bolivia ($199M), Uruguay ($19.8M), and United States ($1.57M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Argentina WERE (2022 - 2023):
Malaysia$9.99M (1%)
Egypt$6.12M (33.1%)
Uruguay$5.39M (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Argentina WERE (2022 - 2023):
China-$1.91B (-66.8%)
United States-$50.3M (-43.7%)
Turkey-$34.5M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Argentina's main exporting competitors in Soybeans were:
In 2023, Argentina's main importing competitors in Soybeans were:
China $56.6B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $109M
TOP IMPORT POTENTIALBrazil+ $190M

Soybeans’s highest export potential is China. With an export gap of $109M.   Soybeans’s highest import potential is Brazil with an import gap of $190M.

See methodology.

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