Soya Beans Exports by Country

Soya bean sprouts

Soya beans sprouts

Global sales from soya beans exports by country totaled US$58.2 billion in 2017.

Overall, the value of soya beans exports rose by an average 1.2% for all exporting countries since 2013 when soya beans shipments were valued at $57.5 billion. Year over year, the value of global soya beans exports increased by 11.3% from 2016 to 2017.

Among continents, Latin America excluding Mexico but including the Caribbean accounted for the highest dollar worth of exported soya beans during 2017 with shipments valued at $31.8 billion or more than half (54.7%) of global exports. In second place were North American exporters at 40.5%.

Smaller percentages of international sales for soya beans came from Europe (4%), Asia (0.5%) and Africa (0.3%).

The 4-digit Harmonized Tariff System code prefix for soya beans is 1201.

Soya Beans Exports by Country

Countries

Below are the 15 countries that exported the highest dollar value worth of soya beans during 2017:

  1. Brazil: US$25.7 billion (44.2% of exported soya beans)
  2. United States: $21.7 billion (37.2%)
  3. Argentina: $2.7 billion (4.7%)
  4. Paraguay: $2.1 billion (3.7%)
  5. Canada: $1.9 billion (3.3%)
  6. Uruguay: $1.2 billion (2%)
  7. Ukraine: $1.1 billion (1.8%)
  8. Netherlands: $431 million (0.7%)
  9. Russia: $168.6 million (0.3%)
  10. India: $121.7 million (0.2%)
  11. Romania: $117.2 million (0.2%)
  12. Croatia: $100.5 million (0.2%)
  13. China: $91.2 million (0.2%)
  14. Belgium: $80.2 million (0.1%)
  15. Germany: $55.5 million (0.1%)

The listed 15 countries shipped 99% of global soya beans exports in 2017 by value.

Among the above countries, the fastest-growing soya beans exporters since 2013 were: Russia (up 543.4%), Romania (up 299.2%), Germany (up 258.4%) and Croatia (up 213.7%).

Those countries that posted declines in their exported soya beans sales were led by: China (down -54.9%), Netherlands (down -44.4%), Uruguay (down -36.5%), Argentina (down -33.2%) and Paraguay (down -15%).

Advantages

The following countries posted the highest positive net exports for soya beans during 2017. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported soya beans and its import purchases for that same commodity.

  1. Brazil: US$25.6 billion (net export surplus up 13% since 2013)
  2. United States: $21.2 billion (up 2%)
  3. Paraguay: $2.1 billion (down -14.7%)
  4. Argentina: $2 billion (down -50.3%)
  5. Canada: $1.7 billion (down -8.4%)
  6. Uruguay: $1.2 billion (down -36.1%)
  7. Ukraine: $1.1 billion (up 42.7%)
  8. India: $98.1 million (up 16.3%)
  9. Croatia: $94.7 million (up 259.9%)
  10. Romania: $58 million (reversing a -$41.7 million deficit)
  11. Zambia: $44.6 million (up 4,669%)
  12. Nigeria: $24.9 million (reversing a -$6.6 million deficit)
  13. Ethiopia: $23.1 million (up 15.1%)
  14. Slovakia: $20.3 million (down -9.6%)
  15. Togo: $19.3 million (up 636.9%)

Overtaking United States, Brazil has the highest surplus in the international trade of soya beans. In turn, this positive cashflow confirms Brazil’s strong competitive advantage for this specific product category.

Opportunities

The following countries posted the highest negative net exports for soya beans during 2017. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported soya beans purchases and its exports for that same commodity.

  1. China: -US$39.5 billion (net export deficit up 4.6% since 2013)
  2. Mexico: -$1.7 billion (down -16.2%)
  3. Japan: -$1.5 billion (down -17.9%)
  4. Spain: -$1.4 billion (down -28.8%)
  5. Indonesia: -$1.3 billion (up 16.6%)
  6. Thailand: -$1.2 billion (up 15.8%)
  7. Germany: -$1.2 billion (down -44%)
  8. Netherlands: -$1.1 billion (down -1.5%)
  9. Taiwan: -$1.1 billion (down -16.6%)
  10. Turkey: -$903.1 million (up 43.2%)
  11. Egypt: -$863.3 million (down -13.1%)
  12. Russia: -$797.5 million (up 22.8%)
  13. Pakistan: -$745.1 million (up 37,253,000%)
  14. Iran: -$727.9 million (up 280%)
  15. South Korea: -$592.4 million (down -19.5%)

China continues to the highest deficit in the international trade of soya beans. In turn, this negative cashflow highlights strong Chinese competitive disadvantage for this specific product category but also signals opportunities for soya beans-supplying countries that help satisfy the powerful demand.

Companies

Soya-based Products Export Companies

Below are global vegetarian and vegan firms that are players engaged in the international trade of soya-based goods. The home country for each company is shown within parenthesis.

  • Alpro (Belgium)
  • Earth’s Own Food Company (Canada)
  • Eden Foods Inc (United States)
  • Sahmyook Foods (South Korea)
  • Somenoya (Japan)

Searchable List of Soya Beans Exporting Countries

You can change the presentation order by clicking the triangle icon at the top of the columns.

RankExporter2017 Soya Beans Exports% World Total
1.BrazilUS$25.7 billion44.2%
2.United States$21.7 billion37.2%
3.Argentina$2.7 billion4.7%
4.Paraguay$2.1 billion3.7%
5.Canada$1.9 billion3.3%
6.Uruguay$1.2 billion2%
7.Ukraine$1.1 billion1.8%
8.Netherlands$431 million0.7%
9.Russia$168.6 million0.3%
10.India$121.7 million0.2%
11.Romania$117.2 million0.2%
12.Croatia$100.5 million0.2%
13.China$91.2 million0.2%
14.Belgium$80.2 million0.1%
15.Germany$55.5 million0.1%
16.Hungary$54.2 million0.1%
17.Serbia$49.8 million0.1%
18.Austria$48.7 million0.1%
19.France$48.3 million0.1%
20.Turkey$44.9 million0.1%
21.Zambia$44.6 million0.1%
22.Slovenia$29.1 million0.05%
23.Nigeria$25.7 million0.04%
24.Slovakia$24.2 million0.04%
25.Ethiopia$23.1 million0.04%
26.Italy$23 million0.04%
27.Malawi$19.4 million0.03%
28.Togo$19.3 million0.03%
29.Poland$17.2 million0.03%
30.Malaysia$15.8 million0.03%
31.Chile$13.2 million0.02%
32.Spain$7.3 million0.01%
33.Kazakhstan$7.2 million0.01%
34.Cambodia$6.8 million0.01%
35.Moldova$6.7 million0.01%
36.Czech Republic$6.5 million0.01%
37.Benin$6.4 million0.01%
38.Bolivia$5.8 million0.01%
39.Uganda$4.5 million0.01%
40.Hong Kong$4.3 million0.01%
41.Burkina Faso$4 million0.01%
42.United Kingdom$3.3 million0.01%
43.Panama$2.9 million0.005%
44.Belarus$2.8 million0.005%
45.Australia$2.7 million0.005%
46.Thailand$2.4 million0.004%
47.Bosnia/Herzegovina$2.3 million0.004%
48.Lithuania$1.7 million0.003%
49.Ghana$1.6 million0.003%
50.Bulgaria$1.5 million0.003%
51.South Africa$1.5 million0.003%
52.Denmark$1.4 million0.002%
53.Bahamas$1.3 million0.002%
54.Estonia$645,0000.001%
55.Djibouti$507,0000.001%
56.Tanzania$446,0000.001%
57.Portugal$372,0000.001%
58.Mexico$360,0000.001%
59.Latvia$312,0000.001%
60.Japan$306,0000.001%
61.Singapore$284,0000.0005%
62.Taiwan$265,0000.0005%
63.Egypt$263,0000.0005%
64.Indonesia$254,0000.0004%
65.Sweden$207,0000.0004%
66.Greece$203,0000.0003%
67.Mozambique$193,0000.0003%
68.Switzerland$183,0000.0003%
69.United Arab Emirates$141,0000.0002%
70.Zimbabwe$122,0000.0002%
71.St Vincent/Grenadines$117,0000.0002%
72.Myanmar (Burma)$115,0000.0002%
73.Côte d'Ivoire$106,0000.0002%
74.South Korea$92,0000.0002%
75.Sri Lanka$80,0000.0001%
76.American Samoa$60,0000.0001%
77.Colombia$50,0000.0001%
78.Saudi Arabia$50,0000.0001%
79.Vietnam$50,0000.0001%
80.Laos$36,0000.0001%
81.Nicaragua$33,0000.0001%
82.Jordan$30,0000.0001%
83.Guatemala$29,0000.00005%
84.Oman$28,0000.00005%
85.Lebanon$25,0000.00004%
86.Kyrgyzstan$24,0000.00004%
87.Ireland$23,0000.00004%
88.Nepal$22,0000.00004%
89.Pakistan$21,0000.00004%
90.Israel$19,0000.00003%
91.Iran$19,0000.00003%
92.Kuwait$16,0000.00003%
93.Peru$15,0000.00003%
94.Luxembourg$7,0000.00001%
95.New Zealand$6,0000.00001%
96.Mauritius$2,0000.000003%
97.Kenya$2,0000.000003%
98.Bangladesh$2,0000.000003%
99.Finland$1,0000.000002%
100.Jamaica$1,0000.000002%
101.Norway$1,0000.000002%
102.Somalia$1,0000.000002%
103.Macedonia$1,0000.000002%









See also Wheat Exports by Country

Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on June 4, 2018

Trade Map, International Trade Centre. Accessed on June 4, 2018

Investopedia, Net Exports Definition. Accessed on June 4, 2018

Wikipedia, List of vegetarian and vegan companies. Accessed on June 4, 2018