Soya Beans Exports by Country

Soya bean sprouts

Soya beans sprouts

Global sales from soya beans exported by country totaled US$59.4 billion in 2018.

Overall, the value of soya beans exports rose by an average 0.6% for all exporting countries since 2014 when soya beans shipments were valued at $59 billion. Year over year, the value of global soya beans exports improved by 2.2% from 2017 to 2018.

From a continental perspective, Latin America (63%) excluding Mexico but including the Caribbean sold the highest dollar worth of exported soya beans during 2018 with shipments valued at $37.4 billion. In second place were North American exporters at 32.7%.

Smaller percentages for international sales of soya beans came from Europe (3.6%), Asia (0.5%), Africa (0.3%) and Oceania mostly Australia.

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 2018.

  1. Brazil: US$33.2 billion (55.9% of exported soya beans)
  2. United States: $17.2 billion (29%)
  3. Paraguay: $2.2 billion (3.7%)
  4. Canada: $2.2 billion (3.7%)
  5. Argentina: $1.5 billion (2.4%)
  6. Ukraine: $831.5 million (1.4%)
  7. Uruguay: $534.7 million (0.9%)
  8. Netherlands: $429.2 million (0.7%)
  9. Russia: $292.7 million (0.5%)
  10. Belgium: $126.8 million (0.2%)
  11. India: $122 million (0.2%)
  12. China: $100 million (0.2%)
  13. France: $75.9 million (0.1%)
  14. Germany: $69 million (0.1%)
  15. Romania: $60.1 million (0.1%)

The listed 15 countries shipped 99.2% of global soya beans exports in 2018 by value.

Among the top exporters, the fastest-growing soya beans exporters since 2014 were: Russia (up 1,132%), France (up 243.7%), Romania (up 110.9%) and Germany (up 77.8%).

Those countries that posted declines in their exported soya beans sales were led by: Uruguay (down -67%), Argentina (down -61.5%), China (down -49.8%), Netherlands (down -31.8%) and United States (down -28%).

Advantages

The following countries posted the highest positive net exports for soya beans during 2018. 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$33.1 billion (net export surplus up 43.9% since 2014)
  2. United States: $16.9 billion (down -25.8%)
  3. Paraguay: $2.2 billion (down -4.2%)
  4. Canada: $1.8 billion (up 15.2%)
  5. Ukraine: $827.6 million (up 18.5%)
  6. Uruguay: $519.3 million (down -67.7%)
  7. Croatia: $55.2 million (up 45.5%)
  8. India: $41.7 million (down -72%)
  9. Ethiopia: $41.3 million (up 116.2%)
  10. Serbia: $23.4 million (reversing a -$3 million deficit)
  11. Togo: $20.3 million (up 2,365%)
  12. Benin: $19.9 million (up 2,881%)
  13. Slovakia: $16 million (up 78.8%)
  14. Kazakhstan: $12.9 million (up 48.1%)
  15. Malawi: $12.4 million (down -10.1%)

Overtaking United States two years ago in 2017, Brazil again 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 2018. 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$38 billion (net export deficit down -5.2% since 2014)
  2. Mexico: -$2 billion (down -3.4%)
  3. Japan: -$1.5 billion (down -15.8%)
  4. Germany: -$1.4 billion (down -28.1%)
  5. Egypt: -$1.4 billion (up 30.1%)
  6. Spain: -$1.3 billion (down -26.7%)
  7. Netherlands: -$1.3 billion (up 24.6%)
  8. Thailand: -$1.2 billion (up 8%)
  9. Turkey: -$1.1 billion (down -1.3%)
  10. Indonesia: -$1.1 billion (down -4.3%)
  11. Taiwan: -$1.1 billion (down -20.6%)
  12. Argentina: -$1.1 billion (reversing a $3.8 billion surplus)
  13. Iran: -$969.4 million (up 336.8%)
  14. Pakistan: -$943.1 million (up 12425.6%)
  15. Russia: -$699.9 million (down -37.9%)

The People’s Republic of 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 in 2018

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

RankExporterSoya Bean Exports (US$)%World Total
1.Brazil$33.2 billion55.9%
2.United States$17.2 billion29%
3.Paraguay$2.2 billion3.7%
4.Canada$2.2 billion3.7%
5.Argentina$1.5 billion2.4%
6.Ukraine$831.5 million1.4%
7.Uruguay$534.7 million0.9%
8.Netherlands$429.2 million0.7%
9.Russia$292.7 million0.5%
10.Belgium$126.8 million0.2%
11.India$122 million0.2%
12.China$100 million0.2%
13.France$75.9 million0.1%
14.Germany$69 million0.1%
15.Romania$60.1 million0.1%
16.Croatia$58.7 million0.1%
17.Austria$48.8 million0.1%
18.Ethiopia$41.5 million0.1%
19.Serbia$31 million0.1%
20.Slovakia$24.8 million0.04%
21.Italy$21.6 million0.04%
22.Togo$20.4 million0.03%
23.Benin$19.9 million0.03%
24.Hungary$18.4 million0.03%
25.Nigeria$16.8 million0.03%
26.Kazakhstan$15.1 million0.03%
27.South Africa$13.9 million0.02%
28.Chile$12.5 million0.02%
29.Malawi$12.5 million0.02%
30.Belarus$12.4 million0.02%
31.Turkey$12.1 million0.02%
32.Uganda$9.2 million0.02%
33.Slovenia$8.1 million0.01%
34.United Kingdom$7.6 million0.01%
35.Malaysia$5.8 million0.01%
36.Spain$5.3 million0.01%
37.Moldova$5.2 million0.01%
38.Djibouti$4.4 million0.01%
39.Cambodia$4.1 million0.01%
40.Zambia$3.9 million0.01%
41.Poland$3.6 million0.01%
42.Czech Republic$3.3 million0.01%
43.Bolivia$3.3 million0.01%
44.Hong Kong$3.2 million0.01%
45.Tanzania$2.8 million0.005%
46.Ghana$2.6 million0.004%
47.Australia$2.3 million0.004%
48.Thailand$2 million0.003%
49.Lithuania$2 million0.003%
50.Burkina Faso$1.8 million0.003%
51.United Arab Emirates$1.3 million0.002%
52.Greece$951,0000.002%
53.Denmark$848,0000.001%
54.Lebanon$785,0000.001%
55.Estonia$614,0000.001%
56.Bulgaria$580,0000.001%
57.Portugal$550,0000.001%
58.Latvia$540,0000.001%
59.Indonesia$467,0000.001%
60.Mozambique$414,0000.001%
61.Ireland$375,0000.001%
62.Switzerland$356,0000.001%
63.Pakistan$316,0000.001%
64.Zimbabwe$251,0000.0004%
65.Taiwan$250,0000.0004%
66.Egypt$230,0000.0004%
67.Singapore$192,0000.0003%
68.Vietnam$189,0000.0003%
69.Japan$188,0000.0003%
70.South Korea$154,0000.0003%
71.Mexico$148,0000.0002%
72.Sweden$145,0000.0002%
73.Myanmar (Burma)$76,0000.0001%
74.Laos$40,0000.0001%
75.Bosnia/Herzegovina$33,0000.0001%
76.Kenya$23,0000.00004%
77.Colombia$21,0000.00004%
78.Luxembourg$20,0000.00003%
79.Nepal$20,0000.00003%
80.Iran$19,0000.00003%
81.Belize$17,0000.00003%
82.Cameroon$16,0000.00003%
83.Ivory Coast$12,0000.00002%
84.Sri Lanka$8,0000.00001%
85.Ecuador$7,0000.00001%
86.Peru$6,0000.00001%
87.Iraq$5,0000.00001%
88.Finland$3,0000.00001%
89.Democr. Rep. Congo$3,0000.00001%
90.New Zealand$3,0000.00001%
91.Nicaragua$3,0000.00001%
92.Tunisia$1,0000.000002%
93.Costa Rica$1,0000.000002%
94.Guyana$1,0000.000002%


See also Wheat Exports by Country

Research Sources:
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on May 18, 2019

Investopedia, Net Exports Definition. Accessed on May 18, 2019

The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on May 18, 2019

Trade Map, International Trade Centre. Accessed on May 18, 2019

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