Soybeans in Brazil

EXPORTS (2018): $33.2B, World Rnk 1 / 105
Flag Rnk 1 / 1189

TOP DESTINATION (2018): $27.3B, China

FASTEST GROWING MARKET (2017 - 2018): $6.99B, China

IMPORTS (2018): $63M, World Rnk 41 / 166
Flag Rnk 351 / 1192

TOP ORIGIN (2018): $59.2M, Paraguay

FASTEST GROWING ORIGIN (2017 - 2018): $783k, Uruguay

ECONOMIC COMPLEXITY of Brazil (2018): 0.62, Rnk 39 / 137

Overview: This page contains the latest trade data of Soybeans in Brazil.

Exports: In 2018, Brazil exported $33.2B 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 ($27.3B), Spain ($742M), Netherlands ($528M), Turkey ($519M), and Iran ($511M).

The fastest growing export markets for Soybeans of Brazil between 2017 and 2018 were China ($6.99B), Turkey ($407M), and Argentina ($185M).

Imports: In 2018, Brazil imported $63M in Soybeans, becoming the 41st largest importer of Soybeans in the world. At the same year, Soybeans was the 351st most imported product in Brazil. Brazil imports Soybeans primarily from: Paraguay ($59.2M), Uruguay ($3.66M), Italy ($60.7k), United States ($18.5k), and Argentina ($7.14k).

The fastest growing import markets in Soybeans for Brazil between 2017 and 2018 were Uruguay ($783k), Italy ($60.7k), and United Kingdom ($5.31k).

Tariffs: In 2017, the average tariff for Brazil in Soybeans was 3.85%. The countries with the highest import tariffs for Soybeans were Cuba (5.76%), Panama (5.76%), Angola (4%), Burundi (4%), and Benin (4%).

Overview: In September 2020 Brazil's Soybeans exports accounted up to $1.64B and imports accounted up to $16.8M, resulting in a positive trade balance of $1.62B. Between September 2019 and September 2020 the exports of Brazil's   Soybeans have increased by $4.66M (0.28%) from $1.63B to $1.64B, while imports increased by $14.7M (688%) from $2.13M to $16.8M.

Destinations: In September 2020 Soybeans exported mostly to China ($1.28B), Thailand ($82.2M), Netherlands ($37M), Taiwan ($32.4M), and Spain ($32.2M), and imported mostly from Paraguay ($16.8M), Argentina ($27.4k), and Uruguay ($22k).

Growth: In September 2020, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to Thailand ($42M or 105%), Taiwan ($19.6M or 154%), and Netherlands ($11.1M or 42.7%). In September 2020, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from Paraguay ($16.3M or 3.43k%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (September 2019 - September 2020): $4.66M, (0.28%)

IMPORT GROWTH (September 2019 - September 2020): $14.7M, (688%)

MAIN EXPORTER (September 2020): ParanΓ‘, $433M

MAIN DESTINATION (September 2020): China, $1.28B

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.

Value

EXPORTS (2018): $33.2B

IMPORTS (2018): $63M

NET TRADE (2018): $33.1B

In 2018, Brazil exported $33.2B in Soybeans. The main destinations of Brazil exports on Soybeans were China ($27.3B), Spain ($742M), Netherlands ($528M), Turkey ($519M), and Iran ($511M).

In 2018, Brazil imported $63M in Soybeans, mainly from Paraguay ($59.2M), Uruguay ($3.66M), Italy ($60.7k), United States ($18.5k), and Argentina ($7.14k).

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IN 2018, Brazil HAD A POSITIVE NET TRADE IN Soybeans WITH:

  • China, $27.3B ($27.3B - $0)
  • Spain, $742M ($742M - $0)
  • Netherlands, $528M ($528M - $0)

IN 2018, Brazil HAD A NEGATIVE NET TRADE IN Soybeans WITH:: Paraguay, -$55.5M ($3.68M - $59.2M)

Flow

THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Brazil WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Brazil WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Brazil's main exporting competitors in Soybeans were:

In 2018, Brazil's main importing competitors in Soybeans were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Soybeans in Brazil. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Brazil in Soybeans was 3.85%.

The countries with the highest tariffs for Soybeans in Brazil were Cuba (5.76%), Panama (5.76%), Angola (4%), Burundi (4%), and Benin (4%).

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