China imported 58.393 million tons of soybeans from Brazil from January to October 2021. According to data from SECEX (the foreign trade secretariat of the Ministry of Economy), the volume is 4% lower than purchased in the same period in 2020. The country is the largest buyer of the Brazilian oilseed. In second place was Spain, purchasing 3.584 million tons, 27% more than in the same period last year. The Netherlands appears in third place, with 2.817 million tons, down 13% YoY. Overall, Brazilian soybean exports totaled 83.394 million tons in 2021, with China importing 70% of this total. In the same period last year, Brazil exported 82.699 million tons.
Sources: Canal Rural/Datamar News