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Where does Thailand get its soybeans? Import sources 2024

In 2024, Thailand imported $1.8 billion of soybeans (3.9 million tonnes), 2.3% of the world total. Brazil sold 85% of the total, followed by the United States (13%) and Canada (2%). Thailand was the world’s 5th-largest importer of soybeans.

Summary

Value
$1.8billion
Tonnes
3.9million tonnes
Share of world total
2.3%
World rank
5th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 15 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Brazil1.6Tonnes: 3,435,372USD per tonne: $45985.3%Sea
United States0.23Tonnes: 434,480USD per tonne: $53812.6%Sea
Canada0.03Tonnes: 45,736USD per tonne: $6891.7%Sea
Cambodia< 0.01Tonnes: 5,493USD per tonne: $4150.12%Sea
Bolivia< 0.01Tonnes: 2,449USD per tonne: $5130.07%Sea
Ukraine< 0.01Tonnes: 1,490USD per tonne: $7550.06%Sea
France< 0.01Tonnes: 826USD per tonne: $8260.04%Sea
China< 0.01Tonnes: 254USD per tonne: $2,0260.03%Sea
India< 0.01Tonnes: 166USD per tonne: $1,4300.01%Sea
Singapore re-exports< 0.01Tonnes: 21USD per tonne: $9890%Sea
Belgium re-exports< 0.01Tonnes: 1USD per tonne: $2,5110%Sea
Austria< 0.01Tonnes: 0USD per tonne: $22,5830%Sea
South Korea< 0.01Tonnes: 0USD per tonne: $3,0370%Sea
Italy< 0.01Tonnes: 0USD per tonne: $13,0000%Sea
Australia< 0.01Tonnes: 0USD per tonne: $11,0000%Sea

Trend

Who it buys from

Brazil has been its main source since 2020

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

  • Brazil 1.6
  • United States 0.23
  • Canada 0.03
  • Cambodia < 0.01
  • Bolivia < 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
Brazil< 0.011.6
United States0.060.23
Canada< 0.010.03
Cambodia0< 0.01
Bolivia0< 0.01

Sources and methodology

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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