Soya Beans Exports by Country

Soya bean sprouts

Soya beans sprouts

Global sales from soya beans exports by country amounted to US$52.2 billion in 2016.

Overall, the value of soya beans exports were down by an average -2.1% for all exporting countries since 2012 when soya beans shipments were valued at $53.3 billion. Year over year, the value of global soya beans exports increased by 2.3% from 2015 to 2016.

Among continents, Latin America excluding Mexico plus the Caribbean accounted for the highest dollar worth of exported soya beans during 2016 with shipments valued at $25.3 billion or 48.4% of globally exported soya beans. In second place were North American exporters at 47.5%.

Smaller percentages of worldwide soya beans exports originated from Europe (3.3%), Asia (0.7%) and Africa (0.1%).

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 2016:

  1. United States: US$22.9 billion (43.9% of total soya beans exports)
  2. Brazil: $19.3 billion (37%)
  3. Argentina: $3.2 billion (6.2%)
  4. Canada: $1.9 billion (3.6%)
  5. Paraguay: $1.8 billion (3.5%)
  6. Uruguay: $857.2 million (1.6%)
  7. Ukraine: $690.4 million (1.3%)
  8. Netherlands: $393.2 million (0.8%)
  9. Russia: $133.2 million (0.3%)
  10. Turkey: $109.5 million (0.21%)
  11. China: $108.5 million (0.21%)
  12. India: $97.6 million (0.19%)
  13. Belgium: $70.2 million (0.13%)
  14. Croatia: $63.6 million (0.12%)
  15. Serbia: $52.2 million (0.1%)

The listed 15 countries shipped 99.2% of global soya beans exports in 2016 by value.

Among the above countries, the fastest-growing soya beans exporters since 2012 were: Turkey (up 921%), Serbia (up 547.6%), Russia (up 277.9%) and India (up 193.6%).

Those countries that posted declines in their exported soya beans sales were led by: China (down -61.1%), Netherlands (down -60.1%), Uruguay (down -37.9%), Belgium (down -34.8%) and Canada (down -12.6%).

Advantages

The following countries posted the highest positive net exports for soya beans during 2016. 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. United States: US$22.5 billion (net export surplus down -8% since 2012)
  2. Brazil: $19.2 billion (up 12.4%)
  3. Argentina: $2.9 billion (down -8.7%)
  4. Paraguay: $1.8 billion (up 15.8%)
  5. Canada: $1.7 billion (down -13.8%)
  6. Uruguay: $835.4 million (down -38.8%)
  7. Ukraine: $686.7 million (down -2%)
  8. India: $64.6 million (up 98.1%)
  9. Croatia: $62.9 million (up 84.6%)
  10. Serbia: $47.7 million (down -321.3%)
  11. Bolivia: $26.4 million (down -82.4%)
  12. Slovakia: $19.4 million (up 82.5%)
  13. Moldova: $8.5 million (down -56%)
  14. Uganda: $6.5 million (up 563.4%)
  15. Kazakhstan: $5.1 million (down -41.2%)

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

Opportunities

The following countries posted the highest negative net exports for soya beans during 2016. 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$33.8 billion (net export deficit down -2.4% since 2012)
  2. Mexico: -$1.6 billion (up 66.5%)
  3. Japan: -$1.5 billion (down -15.7%)
  4. Netherlands: -$1.3 billion (up 117.9%)
  5. Spain: -$1.3 billion (down -33.8%)
  6. Germany: -$1.2 billion (down -36.9%)
  7. Thailand: -$1.2 billion (down -4.9%)
  8. Taiwan: -$1 billion (down -30.1%)
  9. Indonesia: -$958.8 million (down -20.7%)
  10. Russia: -$844.3 million (up 108.1%)
  11. Turkey: -$775.8 million (up 15.1%)
  12. Iran: -$608.5 million (up 459.6%)
  13. South Korea: -$596 million (down -17.9%)
  14. Italy: -$569.9 million (down -7.4%)
  15. Vietnam: -$531.8 million (down -31.8%)

China incurred 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.

RankExporter2016 Soya Beans Exports% World Total
1.United StatesUS$22.9 billion43.9%
2.Brazil$19.3 billion37%
3.Argentina$3.2 billion6.2%
4.Canada$1.9 billion3.6%
5.Paraguay$1.8 billion3.5%
6.Uruguay$857.2 million1.6%
7.Ukraine$690.4 million1.3%
8.Netherlands$393.2 million0.8%
9.Russia$133.2 million0.3%
10.Turkey$109.5 million0.2%
11.China$108.5 million0.2%
12.India$97.6 million0.2%
13.Belgium$70.2 million0.1%
14.Croatia$63.6 million0.1%
15.Serbia$52.2 million0.1%
16.France$52.1 million0.1%
17.Romania$47.1 million0.1%
18.Austria$43.1 million0.1%
19.Germany$40.7 million0.1%
20.Hungary$32.4 million0.1%
21.Bolivia$31.3 million0.1%
22.Slovakia$23.9 million0.05%
23.Italy$23.9 million0.05%
24.Malaysia$17.7 million0.03%
25.Spain$17 million0.03%
26.Slovenia$10 million0.02%
27.Chile$9.3 million0.02%
28.Moldova$8.7 million0.02%
29.Kazakhstan$8.2 million0.02%
30.Hong Kong$7.3 million0.01%
31.Uganda$6.5 million0.01%
32.Malawi$5.1 million0.01%
33.South Africa$4.7 million0.01%
34.Czech Republic$4.3 million0.01%
35.Bulgaria$3.4 million0.01%
36.Australia$3.4 million0.01%
37.Thailand$3.2 million0.01%
38.Benin$3.2 million0.01%
39.Zambia$3.1 million0.01%
40.Ghana$2.3 million0.004%
41.Cambodia$2.1 million0.004%
42.United Kingdom$2 million0.004%
43.Lithuania$1.9 million0.004%
44.Trinidad/Tobago$1.5 million0.003%
45.Togo$1.4 million0.003%
46.Portugal$1.2 million0.002%
47.Denmark$1.2 million0.002%
48.Poland$1.2 million0.002%
49.South Korea$739,0000.001%
50.Japan$602,0000.001%
51.Estonia$589,0000.001%
52.Nigeria$445,0000.001%
53.Côte d'Ivoire$409,0000.001%
54.Ireland$390,0000.001%
55.Sweden$366,0000.001%
56.Singapore$341,0000.001%
57.Switzerland$310,0000.001%
58.Indonesia$282,0000.001%
59.Burkina Faso$232,0000.0004%
60.Egypt$224,0000.0004%
61.Mozambique$202,0000.0004%
62.Greece$198,0000.0004%
63.Dominican Republic$145,0000.0003%
64.Cameroon$138,0000.0003%
65.Latvia$135,0000.0003%
66.Djibouti$116,0000.0002%
67.Taiwan$116,0000.0002%
68.United Arab Emirates$93,0000.0002%
69.Mexico$88,0000.0002%
70.Myanmar (Burma)$80,0000.0002%
71.Jordan$78,0000.0001%
72.Lebanon$78,0000.0001%
73.Belarus$69,0000.0001%
74.Vietnam$69,0000.0001%
75.Saudi Arabia$60,0000.0001%
76.Israel$59,0000.0001%
77.Guatemala$59,0000.0001%
78.Zimbabwe$41,0000.0001%
79.Brunei Darussalam$40,0000.0001%
80.Democratic Rep. Congo$38,0000.0001%
81.Colombia$36,0000.0001%
82.Sri Lanka$26,0000.00005%
83.Nicaragua$18,0000.00003%
84.Suriname$16,0000.00003%
85.Luxembourg$15,0000.00003%
86.Kuwait$13,0000.00002%
87.Iran$13,0000.00002%
88.Oman$10,0000.00002%
89.Nepal$5,0000.00001%
90.New Zealand$4,0000.00001%
91.Peru$4,0000.00001%
92.Bangladesh$3,0000.00001%
93.Botswana$3,0000.00001%
94.Norway$2,0000.000004%
95.Macedonia$1,0000.000002%
96.Mali$1,0000.000002%
97.Mauritius$1,0000.000002%









See also Wine Exports by Country and Wheat Exports by Country

Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on June 24, 2017

Trade Map, International Trade Centre. Accessed on June 24, 2017

Investopedia, Net Exports Definition. Accessed on June 24, 2017

Wikipedia, List of vegetarian and vegan companies. Accessed on June 24, 2017