HS Icon Soybeans in  Flag China

2020
Exports | Imports
: $90.2M | $37.4B, World Rnk 14 / 132
Flag Rnk 838 / 1215 | World Rnk 1 / 188
Flag Rnk 5 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.43M | $6.04B, Chinese Taipei |  United States


ECONOMIC COMPLEXITY of China
: 0.96, Rnk 28 / 127


PRODUCT COMPLEXITY  IN Soybeans
: -1.05, Rnk 855 / 1028

Exports In 2020, China exported $90.2M in Soybeans, making it the 14th largest exporter of Soybeans in the world. At the same year, Soybeans was the 838th most exported product in China. The main destination of Soybeans exports from China are: South Korea ($38M), Japan ($21.2M), Chinese Taipei ($2.81M), Canada ($2.3M), and Australia ($2.28M).

The fastest growing export markets for Soybeans of China between 2019 and 2020 were Chinese Taipei ($1.43M), Nigeria ($413k), and United States ($282k).

Imports In 2020, China imported $37.4B in Soybeans, becoming the 1st largest importer of Soybeans in the world. At the same year, Soybeans was the 5th most imported product in China. China imports Soybeans primarily from: Brazil ($20.9B), United States ($13.9B), Argentina ($1.87B), Russia ($266M), and Uruguay ($214M).

The fastest growing import markets in Soybeans for China between 2019 and 2020 were United States ($6.04B), Brazil ($457M), and Canada ($181M).

Tariffs In 2018, the average tariff for China in Soybeans was 1.86%. The countries with the highest import tariffs for Soybeans were Burkina Faso (Most Favoured Nation duty rate treatement, 2.4%), Botswana (Most Favoured Nation duty rate treatement, 2.4%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 2.4%), Cameroon (Most Favoured Nation duty rate treatement, 2.4%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 2.4%).

July 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (July 2021 - July 2022): $2.13M, (109%)

IMPORT GROWTH (July 2021 - July 2022): $786M, (15.7%)

MAIN EXPORTER (July 2022): Liaoning Province, $1.84M

MAIN DESTINATION (July 2022): South Korea, $1.68M

This section shows Soybeans's exports and imports data at subnational level for China. 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.

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Historical Data

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EXPORTS (2020): $90.2M

IMPORTS (2020): $37.4B

NET TRADE (2020): -$37.3B

In 2020, China exported $90.2M in Soybeans. The main destinations of China exports on Soybeans were South Korea ($38M), Japan ($21.2M), Chinese Taipei ($2.81M), Canada ($2.3M), and Australia ($2.28M).

In 2020, China imported $37.4B in Soybeans, mainly from Brazil ($20.9B), United States ($13.9B), Argentina ($1.87B), Russia ($266M), and Uruguay ($214M).

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IN 2020, China HAD A POSITIVE NET TRADE IN Soybeans WITH:

IN 2020, China HAD A NEGATIVE NET TRADE IN Soybeans WITH:

Flow

THE FASTEST GROWING Soybeans EXPORT MARKETS FOR China WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY China WERE (2019 - 2020):

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Market Concentration

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In 2019, China's main exporting competitors in Soybeans were:

In 2019, China's main importing competitors in Soybeans were:

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