2022
Exports
$406MWorld Rnk 8 / 139
Flag Rnk 76 / 1200
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$938MWorld Rnk 18 / 200
Flag Rnk 39 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $406M in Soybeans, making it the 8th largest exporter of Soybeans in the world. At the same year, Soybeans was the 76th most exported product in Russia. The main destination of Soybeans exports from Russia are: China ($339M), United States ($31.3M), Kazakhstan ($20.7M), South Korea ($7.84M), and Turkey ($2.81M).

The fastest growing export markets for Soybeans of Russia between 2021 and 2022 were China ($42.8M), United States ($8.81M), and Turkey ($963k).

Imports In 2022, Russia imported $938M in Soybeans, becoming the 18th largest importer of Soybeans in the world. At the same year, Soybeans was the 39th most imported product in Russia. Russia imports Soybeans primarily from: Brazil ($889M), Paraguay ($46M), Romania ($1.17M), France ($1.08M), and Canada ($250k).

The fastest growing import markets in Soybeans for Russia between 2021 and 2022 were Brazil ($543M), Lithuania ($178k), and Austria ($45.2k).

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)$406M
IMPORTS (2022)$938M
NET TRADE (2022)-$532M

In 2022, Russia exported $406M in Soybeans. The main destinations of Russia exports on Soybeans were China ($339M), United States ($31.3M), Kazakhstan ($20.7M), South Korea ($7.84M), and Turkey ($2.81M).

In 2022, Russia imported $938M in Soybeans, mainly from Brazil ($889M), Paraguay ($46M), Romania ($1.17M), France ($1.08M), and Canada ($250k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Russia WERE (2021 - 2022):
China$42.8M (14.4%)
United States$8.81M (39.1%)
Turkey$963k (52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Russia WERE (2021 - 2022):
Belarus-$61.2M (-100%)
Kazakhstan-$8.02M (-28%)
Uzbekistan-$4.81M (-73.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Soybeans were:
In 2022, Russia'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 POTENTIALChina+ $233M
TOP IMPORT POTENTIALParaguay+ $15.5M

Soybeans’s highest export potential is China. With an export gap of $233M.   Soybeans’s highest import potential is Paraguay with an import gap of $15.5M.

See methodology.

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