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Who buys Brazil’s soybean meal? Export destinations 2024

In 2024, Brazil exported $9.5 billion of soybean meal (22.4 million tonnes), 28.7% of the world total. Its main destinations were Indonesia (18%), Thailand (13%) and Iran (9%). Brazil was the world’s largest exporter of soybean meal.

Summary

Value
$9.5billion
Tonnes
22.4million tonnes
Share of world total
28.7%
World rank
1st
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Indonesia1.8Tonnes: 3,934,670USD per tonne: $44618.5%Sea
Thailand1.2Tonnes: 2,644,862USD per tonne: $45012.5%Sea
Iran0.83Tonnes: 2,129,597USD per tonne: $3908.7%Sea
Netherlands re-exports0.8Tonnes: 2,115,554USD per tonne: $3808.5%Sea
France0.77Tonnes: 1,730,356USD per tonne: $4468.1%Sea
South Korea0.64Tonnes: 1,409,193USD per tonne: $4526.7%Sea
Germany0.59Tonnes: 1,357,013USD per tonne: $4346.2%Sea
Spain0.54Tonnes: 1,305,876USD per tonne: $4175.7%Sea
Poland0.53Tonnes: 1,352,798USD per tonne: $3945.6%Sea
Vietnam0.33Tonnes: 800,408USD per tonne: $4173.5%Sea
Denmark0.21Tonnes: 554,637USD per tonne: $3772.2%Sea
Bangladesh0.2Tonnes: 475,578USD per tonne: $4162.1%Sea
Slovenia0.17Tonnes: 471,697USD per tonne: $3521.8%Sea
Italy0.14Tonnes: 371,334USD per tonne: $3681.4%Sea
Japan0.13Tonnes: 291,929USD per tonne: $4571.4%Sea
Saudi Arabia0.1Tonnes: 222,515USD per tonne: $4291%Sea
United Kingdom0.09Tonnes: 133,726USD per tonne: $7030.99%Sea
Turkey0.08Tonnes: 214,760USD per tonne: $3660.83%Sea
Romania0.05Tonnes: 110,820USD per tonne: $4670.54%Sea
Chile0.04Tonnes: 111,604USD per tonne: $3910.46%Sea

Trend

Who it sells to

Indonesia has been its main destination since 2022

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

  • Indonesia 1.8
  • Thailand 1.2
  • Iran 0.83
  • Netherlands 0.8
  • France 0.77

Source: CEPII BACI

Show the numbers
Partner19952024
Indonesia0.061.8
Thailand0.071.2
Iran0.010.83
Netherlands0.490.8
France0.590.77

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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