2022
Exports
$56.7MWorld Rnk 25 / 139
Flag Rnk 566 / 1212
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$306MWorld Rnk 30 / 200
Flag Rnk 244 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $56.7M in Soybeans, making it the 25th largest exporter of Soybeans in the world. At the same year, Soybeans was the 566th most exported product in India. The main destination of Soybeans exports from India are: Canada ($32M), United States ($10.5M), Turkey ($6.94M), Sri Lanka ($2.8M), and Nepal ($2.48M).

The fastest growing export markets for Soybeans of India between 2021 and 2022 were Canada ($28.2M), Turkey ($6.94M), and Sri Lanka ($2.34M).

Imports In 2022, India imported $306M in Soybeans, becoming the 30th largest importer of Soybeans in the world. At the same year, Soybeans was the 244th most imported product in India. India imports Soybeans primarily from: Togo ($101M), Benin ($67.2M), Burkina Faso ($27.6M), Ethiopia ($21.6M), and Mozambique ($21.2M).

The fastest growing import markets in Soybeans for India between 2021 and 2022 were Benin ($65.6M), Togo ($41.5M), and Burkina Faso ($18.5M).

Latest Trends

Sep 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 (2022)$56.7M
IMPORTS (2022)$306M
NET TRADE (2022)-$250M

In 2022, India exported $56.7M in Soybeans. The main destinations of India exports on Soybeans were Canada ($32M), United States ($10.5M), Turkey ($6.94M), Sri Lanka ($2.8M), and Nepal ($2.48M).

In 2022, India imported $306M in Soybeans, mainly from Togo ($101M), Benin ($67.2M), Burkina Faso ($27.6M), Ethiopia ($21.6M), and Mozambique ($21.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR India WERE (2021 - 2022):
Canada$28.2M (744%)
Turkey$6.94M (153k%)
Sri Lanka$2.34M (506%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY India WERE (2021 - 2022):
Belgium-$3.06M (-76.6%)
Germany-$1.04M (-94%)
United Arab Emirates-$531k (-60.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Soybeans were:
In 2022, India'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 POTENTIALUnited States+ $5.03M
TOP IMPORT POTENTIALUnited States+ $19.4M

Soybeans’s highest export potential is United States. With an export gap of $5.03M.   Soybeans’s highest import potential is United States with an import gap of $19.4M.

See methodology.

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