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120190 (Harmonized System 2012 for 6-digit)

2023
World Trade $93.4BRnk 30 / 5198
2023
Top Exporter | Top Importer $53.4B | $56.8BBrazil | China
2023
Product Complexity -2.01Rnk 5051 / 5199
2022 - 2023
Export Growth (CAGR) -1.34%Rnk 1921 / 5198
2023
Share of World Trade 0.41%Rnk 30 / 5198

About

Overview This page contains the latest trade data of Soya beans: other than seed, whether or not broken. In 2023, Soya beans: other than seed, whether or not broken were the world's 30th most traded product, with a total trade of $93.4B. Between 2022 and 2023 the exports of Soya beans: other than seed, whether or not broken decreased by -1.34%, from $94.7B to $93.4B. Trade in Soya beans: other than seed, whether or not broken represent 0.41% of total world trade.

Soya beans: other than seed, whether or not broken are a part of Soya beans, whether or not broken.

Exports In 2023 the top exporters of Soya beans: other than seed, whether or not broken  were Brazil ($53.4B), United States ($26.9B), Paraguay ($3.42B), Canada ($2.66B), and Ukraine ($1.68B).

Imports In 2023 the top importers of Soya beans: other than seed, whether or not broken were China ($56.8B), Argentina ($5.51B), Spain ($2.24B), Germany ($2.16B), and Mexico ($2.14B).

Ranking Soya beans: other than seed, whether or not broken ranks 5051st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Soya beans: other than seed, whether or not broken. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Brazil$53.4B
Top Destination (2023)China$56.8B

In 2023 Soya beans: other than seed, whether or not broken were the world's 30th most traded product (out of 5,198).

In 2023, the top exporters of Soya beans: other than seed, whether or not broken were Brazil ($53.4B), United States ($26.9B), Paraguay ($3.42B), Canada ($2.66B), and Ukraine ($1.68B).

In 2023, the top importers of Soya beans: other than seed, whether or not broken were China ($56.8B), Argentina ($5.51B), Spain ($2.24B), Germany ($2.16B), and Mexico ($2.14B).

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Exporters of Soya beans: other than seed, whether or not broken (2023)
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Importers of Soya beans: other than seed, whether or not broken (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Brazil$5.46B
Top Destination Growth (2022 -  2023)Argentina$3.77B

Between 2022 and 2023, the exports of Soya beans: other than seed, whether or not broken grew the fastest in Brazil ($5.46B), Paraguay ($2.18B), Ukraine ($801M), South Africa ($286M), and Russia ($284M).

Between 2022 and 2023, the fastest growing importers of Soya beans: other than seed, whether or not broken were Argentina ($3.77B), China ($1.88B), Iraq ($353M), India ($183M), and Mexico ($145M).

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Exporters of Soya beans: other than seed, whether or not broken (2022 - 2023)

Importers of Soya beans: other than seed, whether or not broken (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Soya beans: other than seed, whether or not broken.

In 2023, market concentration measured using Shannon Entropy, was 1.89. This means that most of the exports of Soya beans: other than seed, whether or not broken are explained by 3 countries.

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Value of Exports in Soya beans: other than seed, whether or not broken

Net Trade

TOP NET EXPORTER (2023)Brazil$53.3B
TOP NET IMPORTER (2023)China$56.7B

This map shows which countries export or import more of Soya beans: other than seed, whether or not broken. Each country is colored based on the difference in exports and imports of Soya beans: other than seed, whether or not broken during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Soya beans: other than seed, whether or not broken were Brazil ($53.3B), United States ($26.5B), Paraguay ($3.42B), Canada ($2.4B), and Ukraine ($1.68B).

In 2023, the countries that had a largest trade value in imports than in exports of Soya beans: other than seed, whether or not broken were China ($56.7B), Argentina ($4.42B), Spain ($2.22B), Mexico ($2.14B), and Japan ($2.13B).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Soya beans: other than seed, whether or not broken.
It is possible to select the main countries that export or import Soya beans: other than seed, whether or not broken in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Soya beans: other than seed, whether or not broken by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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