Soybeans in Brazil 2020 Exports | Imports : $28.6B | $292M, World Rnk 1 / 132 Rnk 1 / 1202 | World Rnk 22 / 188 Rnk 117 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $494M | $215M, Netherlands | Paraguay
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Soybeans: -0.96, Rnk 828 / 1029
Exports In 2020, Brazil exported $28.6B in Soybeans, making it the 1st largest exporter of Soybeans in the world. At the same year, Soybeans was the 1st most exported product in Brazil. The main destination of Soybeans exports from Brazil are: China ($20.9B), Netherlands ($1.1B), Spain ($942M), Thailand ($916M), and Turkey ($726M).
The fastest growing export markets for Soybeans of Brazil between 2019 and 2020 were Netherlands ($494M), China ($457M), and Thailand ($317M).
Imports In 2020, Brazil imported $292M in Soybeans, becoming the 22nd largest importer of Soybeans in the world. At the same year, Soybeans was the 117th most imported product in Brazil. Brazil imports Soybeans primarily from: Paraguay ($252M), Uruguay ($25M), United States ($14.2M), Argentina ($925k), and Bolivia ($405k).
The fastest growing import markets in Soybeans for Brazil between 2019 and 2020 were Paraguay ($215M), United States ($14.2M), and Uruguay ($14M).
Tariffs In 2017, the average tariff for Brazil in Soybeans was 3.85%. The countries with the highest import tariffs for Soybeans were Cuba (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 5.76%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 5.76%), Angola (Most Favoured Nation duty rate treatement, 4%), Burundi (Most Favoured Nation duty rate treatement, 4%), and Benin (Most Favoured Nation duty rate treatement, 4%).
December 2022
Overview In December 2022 Brazil's Soybeans exports accounted up to $1.25B and imports accounted up to $2.94M, resulting in a positive trade balance of $1.24B. Between December 2021 and December 2022 the exports of Brazil's Soybeans have decreased by $-112M (-8.26%) from $1.36B to $1.25B, while imports decreased by $-3.73M (-55.9%) from $6.67M to $2.94M.
Destinations In December 2022, Soybeans were exported mostly to China ($820M), Russia ($164M), Thailand ($130M), Spain ($48.6M), and Iran ($40.6M), and were imported mostly from Uruguay ($1.86M) and Paraguay ($1.08M).
Growth In December 2022, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-21 or -77.8%). In December 2022, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Paraguay ($-14.2M or -76.6%) and Argentina ($-326k or -89.5%).
EXPORT GROWTH (December 2021 - December 2022): $-112M, (-8.26%)
IMPORT GROWTH (December 2021 - December 2022): $-3.73M, (-55.9%)
MAIN EXPORTER (December 2022): Rio Grande Do Sul, $205M
MAIN DESTINATION (December 2022): China, $820M
This section shows Soybeans's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybeans over time.
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EXPORTS (2020): $28.6B
IMPORTS (2020): $292M
NET TRADE (2020): $28.3B
In 2020, Brazil exported $28.6B in Soybeans. The main destinations of Brazil exports on Soybeans were China ($20.9B), Netherlands ($1.1B), Spain ($942M), Thailand ($916M), and Turkey ($726M).
In 2020, Brazil imported $292M in Soybeans, mainly from Paraguay ($252M), Uruguay ($25M), United States ($14.2M), Argentina ($925k), and Bolivia ($405k).
In 2020, Brazil's main exporting competitors in Soybeans were:
In 2020, Brazil's main importing competitors in Soybeans were:
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