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Where does Argentina get its soybeans? Import sources 2024

In 2024, Argentina imported $3.2 billion of soybeans (7.4 million tonnes), 3.9% of the world total. Paraguay sold 89% of the total, followed by Uruguay (6%) and Brazil (3%). Argentina was the world’s 2nd-largest importer of soybeans.

Summary

Value
$3.2billion
Tonnes
7.4million tonnes
Share of world total
3.9%
World rank
2nd
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 11 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Paraguay2.8Tonnes: 6,834,716USD per tonne: $41389.5%Land
Uruguay0.2Tonnes: 308,529USD per tonne: $6616.5%Sea
Brazil0.1Tonnes: 233,099USD per tonne: $4293.2%Sea
Bolivia0.02Tonnes: 54,208USD per tonne: $4080.7%Land
United States0.01Tonnes: 3,036USD per tonne: $1,7650.17%Sea
United Kingdom< 0.01Tonnes: 651USD per tonne: $5700.01%Sea
Chile< 0.01Tonnes: 3USD per tonne: $8,4320%Land
Canada< 0.01Tonnes: 0USD per tonne: $41,1860%Sea
France< 0.01Tonnes: 1USD per tonne: $8,6820%Sea
Italy< 0.01Tonnes: 0USD per tonne: $3,8120%Sea
Belgium re-exports< 0.01Tonnes: 0USD per tonne: $53,0000%Air

Trend

Who it buys from

Paraguay has been its main source since 2013

Value in USD billions. The five largest sources in 2024.

  • Paraguay 2.8
  • Uruguay 0.2
  • Brazil 0.1
  • Bolivia 0.02
  • United States 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
Paraguay< 0.012.8
Uruguay00.2
Brazil00.1
Bolivia< 0.010.02
United States< 0.010.01

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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