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Soybean

Soybean

HS Code: 1201 - Soya beans, whether or not broken
|
FAO Code: 0236 - Soya beans
Market:
Top Exporter
2023
BR flag
Brazil
Top Importer
2023
CN flag
China
Top Producer
2023
BR flag
Brazil
Export Value
2023
92.73BUSD
1Y -0.62%
Import Value
2023
90.53BUSD
1Y -6.52%
Production Volume
2023
529.92BKG
1Y -17.41%
Overview
Suppliers
Insights
Price Data
Export Data
Import Data
Production Data
Seasonality Data

Import of Soybean

Discover import data of Soybean. Get import value, price data, trends, and more. The information below is based on the HS code1201 (Soya beans, whether or not broken).

Related Market Brief Curations

Discover curated market data on import for Soybean.
Curation
January, 2022
Origin market price for sourcing of Soybean to Senegal
2 country’s domestic price data
SN flag
Curation
January, 2022
Origin market price for sourcing of Soybean to Brunei
0 country’s domestic price data
BN flag
Curation
January, 2022
Origin market price for sourcing of Soybean to Israel
1 country’s domestic price data
IL flag
Curation
January, 2022
Origin market price for sourcing of Soybean to Fiji
0 country’s domestic price data
FJ flag
Curation
February, 2024
Origin market price for sourcing of Soybean to China
0 country’s domestic price data
CN flag
Curation
January, 2022
Origin market price for sourcing of Soybean to Ethiopia
0 country’s domestic price data
ET flag

Import Trends Overview of Top 10 Importing Countries in 2023

In 2023, China was the top importing country of Soybean, followed by Argentina, Mexico, Japan, Thailand, Germany, Spain, Egypt, Turkiye, Indonesia. This ranking is based on available import data and may not include countries with missing records.
CN flag
China
Rank 1
$59.4B
1y
-2.93%
3y
+50.32%
5y
+56.07%
AR flag
Argentina
Rank 2
$5.6B
1y
+164.93%
3y
+183.50%
5y
+124.29%
MX flag
Mexico
Rank 3
$2.4B
1y
-9.32%
3y
+6.44%
5y
+26.18%
JP flag
Japan
Rank 4
$2.2B
1y
-14.51%
3y
+47.87%
5y
+43.20%
TH flag
Thailand
Rank 5
$2.0B
1y
+0.84%
3y
+25.57%
5y
+74.98%
DE flag
Germany
Rank 6
$2.0B
1y
-10.30%
3y
+24.98%
5y
+33.03%
ES flag
Spain
Rank 7
$1.9B
1y
-7.40%
3y
+47.84%
5y
+41.63%
EG flag
Egypt
Rank 8
$1.7B
1y
-40.54%
3y
-15.45%
5y
+17.54%
TR flag
Turkiye
Rank 9
$1.6B
1y
-19.71%
3y
+36.50%
5y
+46.97%
ID flag
Indonesia
Rank 10
$1.5B
1y
-9.37%
3y
+46.96%
5y
+33.68%

Notable import transactions in 2024

View notable import transactions of Soybean globally.
Rank
Rank
Company name
Company name
Import value
Import value
Import volume
Import volume
Unit price
Unit price
Origin country
Origin country
Destination country
Destination country
1
Company name
$ 40,290,973
00000 kg
Country name
Vietnam
$ 00000 /kg
2
Company name
$ 35,005,682
00000 kg
Country name
Vietnam
$ 00000 /kg
3
Company name
$ 33,834,944
00000 kg
Country name
Vietnam
$ 00000 /kg
4
Company name
$ 33,834,944
00000 kg
Country name
Vietnam
$ 00000 /kg
5
Company name
$ 33,766,296
00000 kg
Country name
Vietnam
$ 00000 /kg

Unlock complete import data for Soybean

Gain full access to detailed import prices, top importers, and market insights to make data-driven decisions.

Trends of Top 10 Importers

This is the import trends of the top 10 importers of Soybean from 2017 to 2023.
Country
Import %
Import Value
22/07
22/08
22/09
22/10
22/11
22/12
23/01
23/02
23/03
23/04
23/05
23/06
23/07
23/08
23/09
23/10
23/11
23/12
24/01
24/02
24/03
24/04
24/05
24/06
24/07
24/08
24/09
24/10
24/11
24/12
25/01
25/02
1Global$8.95B$7.86B$7.45B$5.02B$6.52B$8.58B$7.98B$6.59B$7.71B$7.66B$11.05B$9.30B$8.10B$7.59B$5.95B$5.03B$6.24B$7.40B$2.12B$1.95B$2.68B$2.44B$2.22B$2.08B$2.10B$1.70B$1.67B$1.70B$1.75B$1.70B$129.36M$863.48K
2China65.67%$5.74B$5.17B$5.46B$2.84B$4.84B$6.67B$5.57B$4.35B$4.44B$4.59B$7.37B$6.07B$5.47B$5.21B$4.08B$2.94B$4.54B$5.64B--------------
3Argentina6.21%$227.87M$209.03M$135.26M$73.46M$38.49M$31.32M$11.20M$246.88M$843.59M$708.45M$719.30M$876.99M$566.75M$518.06M$338.99M$234.71M$251.34M$303.76M$63.98M$297.57M$410.03M$317.88M$352.48M$310.24M$415.61M$227.66M$270.08M$311.47M$204.80M$48.60M--
4Mexico2.62%$373.84M$365.78M-$352.41M--$391.78M-$268.94M$211.81M$373.58M$156.33M$185.31M$238.25M$191.89M$351.23M----$298.05M$227.74M-$131.02M$180.66M$196.17M$143.40M-$202.16M$262.73M--
5Japan2.44%$227.22M$243.87M$268.59M$247.77M$192.59M$240.01M$194.15M$174.65M$269.00M$183.01M$267.74M$174.85M$197.22M$174.73M$96.36M$184.06M$195.18M$106.10M$138.99M$165.64M$200.14M$191.27M$176.19M$178.88M$163.85M$146.10M$101.82M$147.53M$145.05M$139.08M--
6Thailand2.22%$292.90M$218.13M$159.25M$132.21M$223.16M$74.42M$183.12M$187.75M$118.33M$198.09M$251.59M$314.18M$205.92M$51.26M$226.36M$87.44M$94.63M$94.15M$248.93M$103.99M$132.40M$173.95M$201.09M$202.07M$122.00M$114.40M$154.19M$128.03M$225.49M$122.76M--
7Germany2.18%$191.74M$153.25M$150.90M$155.03M$128.07M$219.64M$147.80M$222.16M$136.28M$282.92M$246.26M$93.43M$129.44M$180.22M$127.19M$143.62M$116.80M$122.56M$201.47M$166.53M$212.55M$118.45M$121.27M$140.04M$164.58M$170.19M$110.41M$154.40M$144.17M$150.61M--
8Spain2.11%$232.70M$86.62M$154.79M$176.18M$107.27M$178.98M$212.67M$189.40M$174.22M$111.11M$220.15M$162.86M$131.74M$207.99M$84.20M$154.49M$153.54M$102.92M$217.76M$127.18M$153.64M$127.65M$164.61M$121.71M$175.31M$79.56M$105.94M$155.43M$90.17M$184.49M$113.13M-
9Egypt1.83%$203.73M$218.80M$139.66M$162.09M$189.22M$134.21M$140.56M$141.85M$137.66M$103.28M$153.36M$171.99M$179.12M$94.09M$127.75M$161.64M$132.60M$114.48M$124.42M$118.78M$183.98M$157.87M$168.11M$150.17M$156.82M$93.15M$170.12M$167.39M----
10Turkiye1.82%$250.06M$253.66M$83.14M$98.96M$64.08M$83.67M$132.47M$155.57M$156.34M$224.03M$204.19M$237.17M$145.14M$103.33M$72.58M$87.62M$68.92M$58.87M$165.30M$137.65M$166.77M$212.79M$126.92M$204.99M$163.98M$111.47M$111.43M$60.40M$169.29M$134.97M--

Top Import Flows

Discover the top import flows of Soybean in 2023. The top import flow in 2023 was from China to Brazil, with an import value of USD 40.95B.
Trade Flow
Import Value
2023, USD
1-Year Growth in Import Value
2022-2023
3-Year Growth in Import Value
2020-2023
5-Year Growth in Import Value
2018-2023
Brazil to China
$40.95B
+9.73%
+64.44%
+41.99%
United States to China
$15.30B
-19.93%
+43.65%
+116.67%
Paraguay to Argentina
$3.20B
+184.31%
+74.63%
+93.01%
Brazil to Argentina
$2.18B
+1025.41%
+1453.77%
+747.38%
Brazil to Thailand
$1.65B
-3.22%
+54.82%
+220.06%
United States to Germany
$1.62B
+25.81%
+123.15%
+83.99%
United States to Mexico
$1.53B
-39.39%
-20.47%
-18.41%
United States to Japan
$1.49B
-18.84%
+37.68%
+40.43%
United States to Indonesia
$1.26B
-7.74%
+39.30%
+17.67%
Argentina to China
$1.24B
-48.71%
-57.03%
+100.38%

Share of Top Importing Countries

Discover the import share of top Soybean importing countries in 2023.
China held the largest share of Soybean import value at 65.67%. Its import value decreased by -2.93% between 2022 and 2023, reaching 59.44B.
Note: Share percentages are calculated based on countries with reported import data and may not include those without available records.
Country
Share in Import Value
2023
Import Value
2023, USD
1-Year Growth in Import Value
2022-2023
3-Year Growth in Import Value
2020-2023
5-Year Growth in Import Value
2018-2023
China
65.67%
$59.44B
-2.93%
+50.32%
+56.07%
Argentina
6.21%
$5.62B
+164.93%
+183.50%
+124.29%
Mexico
2.62%
$2.37B
-9.32%
+6.44%
+26.18%
Japan
2.44%
$2.20B
-14.51%
+47.87%
+43.20%
Thailand
2.22%
$2.01B
+0.84%
+25.57%
+74.98%
Germany
2.18%
$1.97B
-10.30%
+24.98%
+33.03%
Spain
2.11%
$1.91B
-7.40%
+47.84%
+41.63%
Egypt
1.83%
$1.66B
-40.54%
-15.45%
+17.54%
Turkiye
1.82%
$1.65B
-19.71%
+36.50%
+46.97%
Indonesia
1.63%
$1.47B
-9.37%
+46.96%
+33.68%
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Related Countries

Related exporters and importers

Argentina
Bolivia
Brazil
Canada
Germany
Hungary
Italy
Japan
Netherlands
Pakistan
Paraguay
Poland
South Africa
South Korea
Spain
Thailand
Turkiye
United States

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