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Who buys Brazil’s soybeans? Export destinations 2024

In 2024, Brazil exported $44.4 billion of soybeans (98.7 million tonnes), 55.4% of the world total. China bought 72% of the total, followed by Spain (4%) and Thailand (4%). Brazil was the world’s largest exporter of soybeans.

Summary

Value
$44.4billion
Tonnes
98.7million tonnes
Share of world total
55.4%
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
China32.2Tonnes: 72,776,700USD per tonne: $44272.5%Sea
Spain1.8Tonnes: 3,409,901USD per tonne: $5294.1%Sea
Thailand1.6Tonnes: 3,435,372USD per tonne: $4593.6%Sea
Turkey0.96Tonnes: 2,304,927USD per tonne: $4152.2%Sea
Iran0.83Tonnes: 1,835,779USD per tonne: $4501.9%Sea
Mexico0.7Tonnes: 1,461,105USD per tonne: $4761.6%Sea
Taiwan0.69Tonnes: 1,378,191USD per tonne: $5001.6%Sea
Italy0.61Tonnes: 1,250,065USD per tonne: $4871.4%Sea
Netherlands re-exports0.52Tonnes: 1,085,366USD per tonne: $4761.2%Sea
Russia0.48Tonnes: 1,074,285USD per tonne: $4511.1%Sea
Bangladesh0.48Tonnes: 1,118,673USD per tonne: $4251.1%Sea
Vietnam0.47Tonnes: 1,047,465USD per tonne: $4501.1%Sea
Japan0.34Tonnes: 742,255USD per tonne: $4550.76%Sea
Algeria0.34Tonnes: 789,811USD per tonne: $4260.76%Sea
Egypt0.3Tonnes: 673,390USD per tonne: $4500.68%Sea
Portugal0.3Tonnes: 482,847USD per tonne: $6140.67%Sea
United Kingdom0.29Tonnes: 624,809USD per tonne: $4650.65%Sea
Iraq0.26Tonnes: 604,475USD per tonne: $4370.59%Sea
South Korea0.24Tonnes: 486,044USD per tonne: $4850.53%Sea
Germany0.17Tonnes: 346,262USD per tonne: $5030.39%Sea

Trend

Who it sells to

China has been its main destination since 2000

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

  • China 32.2
  • Spain 1.8
  • Thailand 1.6
  • Turkey 0.96
  • Iran 0.83

Source: CEPII BACI

Show the numbers
Partner19952024
China< 0.0132.2
Spain0.141.8
Thailand< 0.011.6
Turkey< 0.010.96
Iran00.83

Sources and methodology

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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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