2018
Exports
$17.3kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2018
Imports
$433MWorld Rnk 25 / 200
Flag Rnk 95 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Imports In 2022, Saudi Arabia imported $433M in Soybeans, becoming the 25th largest importer of Soybeans in the world. At the same year, Soybeans was the 95th most imported product in Saudi Arabia. Saudi Arabia imports Soybeans primarily from: Brazil ($296M), United States ($136M), Canada ($778k), Mozambique ($479k), and India ($29.1k).

The fastest growing import markets in Soybeans for Saudi Arabia between 2021 and 2022 were Brazil ($123M), Mozambique ($479k), and Canada ($79.8k).

Latest Trends

Jul 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 (2021)$17.3k
IMPORTS (2022)$433M
NET TRADE (2022)-$433M

In 2022, Saudi Arabia imported $433M in Soybeans, mainly from Brazil ($296M), United States ($136M), Canada ($778k), Mozambique ($479k), and India ($29.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Saudi Arabia WERE (N/A - 2021):
Oman-$14.1k (-100%)
United Arab Emirates-$2.14k (-100%)
Bahrain-$905 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Soybeans were:
In 2022, Saudi Arabia'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+ $978
TOP IMPORT POTENTIALBrazil+ $44.3M

Soybeans’s highest export potential is China. With an export gap of $978.   Soybeans’s highest import potential is Brazil with an import gap of $44.3M.

See methodology.

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