2023
Exports
$19.7MWorld Rnk 39 / 142
Flag Rnk 756 / 1212
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$586MWorld Rnk 20 / 193
Flag Rnk 154 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $19.7M in Soybeans, making it the 39th largest exporter of Soybeans in the world. At the same year, Soybeans was the 756th most exported product in India. The main destination of Soybeans exports from India are: Canada ($10.7M), Nepal ($3.12M), Sri Lanka ($2.61M), Belgium ($445k), and Vietnam ($444k).

The fastest growing export markets for Soybeans of India between 2022 and 2023 were Nepal ($1.13M), Vietnam ($409k), and Bangladesh ($353k).

Imports In 2023, India imported $586M in Soybeans, becoming the 20th largest importer of Soybeans in the world. At the same year, Soybeans was the 154th most imported product in India. India imports Soybeans primarily from: Togo ($213M), Nigeria ($126M), Niger ($108M), Mozambique ($38.5M), and Tanzania ($33.4M).

The fastest growing import markets in Soybeans for India between 2022 and 2023 were Nigeria ($125M), Niger ($104M), and Togo ($78.5M).

Latest Trends

Jan 2025

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)$19.7M
IMPORTS (2023)$586M
NET TRADE (2023)-$567M

In 2023, India exported $19.7M in Soybeans. The main destinations of India exports on Soybeans were Canada ($10.7M), Nepal ($3.12M), Sri Lanka ($2.61M), Belgium ($445k), and Vietnam ($444k).

In 2023, India imported $586M in Soybeans, mainly from Togo ($213M), Nigeria ($126M), Niger ($108M), Mozambique ($38.5M), and Tanzania ($33.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR India WERE (2022 - 2023):
Nepal$1.13M (56.8%)
Vietnam$409k (1.16k%)
Bangladesh$353k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY India WERE (2022 - 2023):
Canada-$23.4M (-68.6%)
United States-$13.9M (-99.9%)
Turkey-$7.95M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Soybeans were:
In 2023, India'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 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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