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2022
Exports $47.2BWorld Rnk 1 / 139
Flag Rnk 1 / 1206
2022
Destination $4.64B China
2021 - 2022
FASTEST GROWING MARKET $4.64BChina
2022
PRODUCT COMPLEXITY IN Soybeans-1.62Rnk 963 / 1025
2022
Imports $202MWorld Rnk 33 / 200
Flag Rnk 209 / 1198
2022
Origin $5.33M Paraguay
2021 - 2022
FASTEST GROWING ORIGIN $5.33MUruguay
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $47.2B in Soybeans, making it the 1st largest exporter of Soybeans in the world. At the same year, Soybeans was the 1st most exported product in Brazil. The main destination of Soybeans exports from Brazil are: China ($31.9B), Spain ($1.89B), Thailand ($1.67B), Iran ($1.36B), and Netherlands ($1.12B).

The fastest growing export markets for Soybeans of Brazil between 2021 and 2022 were China ($4.64B), Iran ($798M), and Russia ($543M).

Imports In 2022, Brazil imported $202M in Soybeans, becoming the 33rd largest importer of Soybeans in the world. At the same year, Soybeans was the 209th most imported product in Brazil. Brazil imports Soybeans primarily from: Paraguay ($181M), Uruguay ($20.6M), Argentina ($303k), Bolivia ($97.3k), and United States ($4.38k).

The fastest growing import markets in Soybeans for Brazil between 2021 and 2022 were Uruguay ($5.33M), Bolivia ($22k), and Japan ($4.19k).

Latest Trends

September 2024

About

Overview In September 2024 Brazil's Soybeans exports accounted up to $2.6B and imports accounted up to $6.18M, resulting in a positive trade balance of $2.6B. Between September 2023 and September 2024 the exports of Brazil's   Soybeans have decreased by $-701M (-21.2%) from $3.3B to $2.6B, while imports decreased by $-8.72M (-58.5%) from $14.9M to $6.18M.

Destinations In September 2024, Soybeans were exported mostly to China ($1.83B), Spain ($166M), Thailand ($135M), Chinese Taipei ($102M), and Japan ($73.5M), and were imported mostly from Paraguay ($4.99M) and Uruguay ($1.19M).

Growth In September 2024, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to China ($-691M or -69.3%), Vietnam ($-31.8M or -45.2%), and Turkey ($-20.8M or -76.8%). In September 2024, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Paraguay ($-1.35M or -31.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-701M(-21.2%)
IMPORT GROWTH (September 2023 - September 2024)$-8.72M(-58.5%)
MAIN EXPORTER (September 2024)Mato Grosso$2.01B
MAIN DESTINATION (September 2024)China$1.83B

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$47.2B
IMPORTS (2022)$202M
NET TRADE (2022)$47B

In 2022, Brazil exported $47.2B in Soybeans. The main destinations of Brazil exports on Soybeans were China ($31.9B), Spain ($1.89B), Thailand ($1.67B), Iran ($1.36B), and Netherlands ($1.12B).

In 2022, Brazil imported $202M in Soybeans, mainly from Paraguay ($181M), Uruguay ($20.6M), Argentina ($303k), Bolivia ($97.3k), and United States ($4.38k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
China$4.64B (17%)
Iran$798M (142%)
Russia$543M (157%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Brazil WERE (2021 - 2022):
Italy-$110M (-25.2%)
Mexico-$105M (-19.3%)
United States-$84.8M (-97.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Soybeans were:
United States $34.6B
Argentina $3.25B
In 2022, Brazil's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $207M
TOP IMPORT POTENTIALUruguay+ $8.67M

Soybeans’s highest export potential is Mexico. With an export gap of $207M.   Soybeans’s highest import potential is Uruguay with an import gap of $8.67M.

See methodology.

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