Chemicals, aluminum powder, carbon black, urea 46% fertilizer, xanthan gum, sodium nitrate, trichloroisocyanuric acid, 3" pool chlorinating tablets, ammonium chloride, caustic soda, sodium lauryl sulfate, sorbic acid, sodium chloride, sodium carbonate (soda ash), phosphoric acid, calcium hydroxide, ascorbic acid, propylene glyco, potassium sorbate, potassium nitrate, magnesium oxide, lactic acid, isopropyl alcohol, glycolic acid, glycerin, acetone, zinc chloride, sodium tripolyphosphate, sodium thiosulfate , sodium thiosulfate anhydrous,sodium silicate, sodium permanganate, potassium chloride, potassium carbonate, magnesium chloride, isocyanuric acid, hydrogen peroxide, copper sulfate, copper oxide, citric acid, calcium chloride, calcium carbonate, boric acid, borax, acetic acid, lithium carbonate,lithopone, construction chemicals, specialty chemicals, industrial chemicals, lithium hydroxide,lithium carbonate, ethanol, base oil, gamma butyrolactone (gbl)
Fruit seedlings, walnuts, hazelnuts, prunes, apples and much more
Aluminium ( ingots, t bars, sows, rods), copper (cathodes, cakes, billets, ingots, rods), lead (ingots), nickel (cathodes both cut and uncut briquettes, pellets, discs, etc.), tin (ingots, etc.), zinc (ingots both regular size and jumbos), steel billets (all types including crc, hrc, hdgc, plates, sheets), concentrates and ores for above items including bauxite and iron ores), scraps of above items including hms 1&2 and steel scraps
Corn starch, potato starch, red pepper flakes, barley, sodium bicarbonate, sweet paprika peppers, paprika chilli, lemon salt, extra fine salt, table salt, cinnamon powder, brown raisins, sesame, fenugreek powder, celery leaves, garlic powder, granulated garlic, icing sugar, sugar (brown), red lentil, green lentil, mustard seeds, pepper, nuts, dried fruits
Essential oils peppermint, melisa, sage, rosemary, sweet orange, lime, lemon, grapefruit, rockrose, maychang, vanilla, eucalyptus, pressed oils argon, macadamia, jojoba, coconut, rice, butters cocoa, shea, mango
Timber, logs, woods, cigarette lighters, fertilizers, beans, refined sugar icumsa (45/100/150), nuts and kernels, cardamom, cinnamon, chickpeas, cloves, seeds, ginger, garlic, onion, potato, lentils, maize/corn, peas, pepper, rice, fresh durian, stockfish, sesame seeds, sunflower seeds, niger seeds, spices, refined sunflower oil, refined palm oil, refined soybean oil, rice bran oil, refined corn oil, vegetable oil, scraps, ingots, cathodes, wood pellets, woodchips, wood shavings, sugar beet pulp pellets, rice husk pellet, sunflower husk pellet, firewoods, sawdust, copy papers (a4/legal size/letter size), starch, wheat grains, grains, wheat flour, rice flour, corn flour, fresh durian, stockfish, coconut palm sugar, coconut water, bee pollen bee bread, garbage bags, donkey hides, cow hides, grains, coconut sugar.
Hibiscus, sesame, caraway, cumin, fennel, frankincense, gum acacia, coriander, kidney beans, corn, yellow lemon, red chilli, black lemon, ginger, kurkum, fresh onion, fresh garlic, cardamom, mustard, calendula, chamomile, dill, spearmint, sunflower seeds
Abalone mushrooms, abalone slice, accordion packer, acesulfame k, acid, ad aloe, ad cabbage, ad ginger, adult milk powder, adzuki beans, agar, agaricus blazei, alanine, alaska pollock, albumen powder, almond, almond kernel, aluminum foil, ammonium bicarbonate, anchovy, angelica, aniseed power, apple chips, apple dices, apple juice, apricot, apricot kernels, arbutus, artichoke, uht semi skimmed milk and full cream milk, nestle nido milk powder, coffee mate
Salt, urea fertilizer, dap, furniture, vegetables, fruits, jam, juice, food products, dried vegetables, halva, tahina, molasses, wood charcoal, silica sand, apparel, aluminium foil, luffa, handkerchief.
Soybean is a type of legume and the fifth major crop produced globally. It is native to East Asia, and cultivated for both human consumption as food and animal feed. In fact, processed soybeans are the second-largest source of edible fat, contributing around 25% to global edible fat production, and the largest source of high-protein animal feed in the world. This staple crop is valued worldwide for its rich protein and oil content. About 85% of soybeans are processed each year into soybean meal and oil. Of this, around 95% of the oil is used for edible purposes, while the remaining goes into industrial products such as fatty acids, soaps, and biodiesel. Its rich history dates back to 7000 BCE when it was domesticated in China. It became an important crop during the Zhou dynasty (c. 1046-256 BC), and was eventually introduced to other parts of the world. It entered the U.S. market for the first time in the 19th century and soon became a valuable source of protein and oil, especially in the 20th century. Today, it is one of the most sought-after commodities for soybean buyers and importers across the globe.
Soybeans remain consistently in high demand, majorly due to their nutritional value (particularly as a source of plant-based protein) and versatility. Besides, they offer strategic export advantages because of their dual marketability (both as oil and protein), low perishability (compared to fruits or vegetables), and easy storage and transport (when properly dried and packaged). Also, soybeans are fit for rotation farming, especially when grown with grains, corn, or pulses.
Soybeans are processed into a wide range of products such as tofu, soy milk, and soy-based meat alternatives (popular among vegans and vegetarians). Soymeal, a byproduct of soybean oil extraction, is also a primary protein source for livestock. In addition, soybeans are used to produce a renewable fuel known as biodiesel. This biodiesel is more sustainable than petroleum-based alternatives, as it generates fewer air pollutants. Furthermore, soybean oil is chemically similar to petroleum, which makes it a better substitute for common products like tires, flooring materials, and more. All these factors are responsible for its growing trade across borders.
Here are the different types of soybeans that are traded worldwide:
These are the major soybean varieties. Apart from these, soybean exporters often diversify into related crops and value-added products to expand their reach and attract more buyers. To grow your export business, you can bundle your shipments with other high-demand agricultural products, such as:
Having knowledge of global market trends can help exporters in many ways. This data lets you identify new opportunities, adapt to changing conditions, and maintain competitiveness. Here are the key insights that every exporter should know.
Global Market Size:
Source: Grand View Research
Top Importing Countries for Soybeans (Oct 2023- Sep 2024):
Source: Volza
Top 5 Profitable Soybean Related Import Products:
Source: Volza
To get the latest updates on agricultural commodities like soybean or connect with fellow agri-traders, visit our Communities section
Here are the methods that can help you find and connect with verified soybean importers and buyers worldwide.
1. What is the rate of 1 kg of soybean?
Although soybean prices vary based on several factors, the average price of 1 kg of soybeans can range from $0.45 to $0.86 per kg globally.
2. Who is the largest buyer of soybeans?
Indonesia is the biggest importer of soybeans, followed by the United States and Taiwan.
3. Where to sell soybeans?
You can sell soybeans through online B2B marketplaces. One such platform is go4WorldBusiness, where you can list your product and get verified buyers. Besides, you can also sell through government-supported export portals or directly reach out to bulk soybean importers.
4. Who is the biggest consumer of soybeans?
China is the biggest consumer of soybeans. In addition, the US and Brazil are also major consumers.
5. Who sells the most soybeans?
The top supplier countries of soybeans are China, Ukraine, the United States, Brazil, and Vietnam.
6. Which state in India is the highest producer of soybeans?
Madhya Pradesh is the highest soybean-producing state in India, contributing almost 50% to the country's total soybean production.
7. Which country does India export soybeans to?
India exports soybeans (primarily in the form of soybean meal) to countries like the United States, Nepal, Vietnam, Japan, Bangladesh, Iran, and Sri Lanka.
8. What is the volume of soybean exports from India?
In the year 2023-2024, India exported around 3.5 million metric tons of soybeans. Also, in terms of shipment, India recorded 1787 soybean shipments in the same year.
9. Where are the soybeans sourced from?
Soybeans are sourced from various countries. However, the United States, Brazil, and Argentina produce about 80% of the world's total soybeans.
10. What is the HS code for soybeans?
1201 is the main soybean HSN code.
Click here to know more about soybean related Q&A.
