Soybeans in Brazil 2021 Exports | Imports : $39B | $385M, World Rnk 1 / 138 Rnk 2 / 1202 | World Rnk 25 / 190 Rnk 113 / 1196
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $6.31B | $103M, China | Paraguay
2021 ECONOMIC COMPLEXITY of Brazil: 0.33, Rnk 49 / 131
2021 PRODUCT COMPLEXITY IN Soybeans: -0.97, Rnk 828 / 1029
Exports In 2021, Brazil exported $39B in Soybeans, making it the 1st largest exporter of Soybeans in the world. At the same year, Soybeans was the 2nd most exported product in Brazil. The main destination of Soybeans exports from Brazil are: China ($27.2B), Spain ($1.64B), Thailand ($1.3B), Netherlands ($1.2B), and Turkey ($1.01B).
The fastest growing export markets for Soybeans of Brazil between 2020 and 2021 were China ($6.31B), Spain ($697M), and Thailand ($384M).
Imports In 2021, Brazil imported $385M in Soybeans, becoming the 25th largest importer of Soybeans in the world. At the same year, Soybeans was the 113th most imported product in Brazil. Brazil imports Soybeans primarily from: Paraguay ($354M), Uruguay ($16.9M), United States ($12.6M), Argentina ($934k), and Bolivia ($75.3k).
The fastest growing import markets in Soybeans for Brazil between 2020 and 2021 were Paraguay ($103M), Argentina ($10k), and Chinese Taipei ($111).
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 treatment, 4%), Burundi (Most Favoured Nation duty rate treatment, 4%), and Benin (Most Favoured Nation duty rate treatment, 4%).
April 2023
Overview In April 2023 Brazil's Soybeans exports accounted up to $7.75B and imports accounted up to $2.64k, resulting in a positive trade balance of $7.75B. Between April 2022 and April 2023 the exports of Brazil's Soybeans have increased by $988M (14.6%) from $6.76B to $7.75B, while imports decreased by $-39.3M (-100%) from $39.3M to $2.64k.
Destinations In April 2023, Soybeans were exported mostly to China ($5.41B), Argentina ($290M), Mexico ($251M), Thailand ($187M), and Taiwan ($186M), and were imported mostly from Argentina ($2.64k).
Growth In April 2023, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to China ($990M or 13.5k%), Russia ($12.3M or 77.2%), and United States ($2M or 200M%). In April 2023, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Paraguay ($-14.2M or -76.6%) and Argentina ($-326k or -89.5%).
EXPORT GROWTH (April 2022 - April 2023): $988M, (14.6%)
IMPORT GROWTH (April 2022 - April 2023): $-39.3M, (-100%)
MAIN EXPORTER (April 2023): Mato Grosso, $2.24B
MAIN DESTINATION (April 2023): China, $5.41B
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 (2021): $39B
IMPORTS (2021): $385M
NET TRADE (2021): $38.6B
In 2021, Brazil exported $39B in Soybeans. The main destinations of Brazil exports on Soybeans were China ($27.2B), Spain ($1.64B), Thailand ($1.3B), Netherlands ($1.2B), and Turkey ($1.01B).
In 2021, Brazil imported $385M in Soybeans, mainly from Paraguay ($354M), Uruguay ($16.9M), United States ($12.6M), Argentina ($934k), and Bolivia ($75.3k).
In 2021, Brazil's main exporting competitors in Soybeans were:
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