The role of the leading exporters in the global soybean trade

Montanía C.V., Fernández-Núñez T., Márquez M.A. (2021): The role of the leading exporters in the global soybean trade. Agric. Econ. – Czech, 67: 277–285.

download PDF

This paper examines the global soybean market in a holistic way, analyses the land use and other historical determinants of soybean exports, such as labour and capital endowments, soybean productivity, international prices and demand conditions through an empirical model. In addition, it pays particular attention to the role of leading exporters in the export changes and the nature of the connections between them in an interrelated system. The results suggest that the productivity per hectare and the land used to harvest soybeans are the main factors explaining soybean exports in a global context. The analysis also reveals that Brazil, the current market leader, positively influences the other exporters. On the contrary, minor exporters such as Ukraine, Paraguay, or Canada present competitive relationships with the major exporters. The nature of the relationships between the exporters and the pressure on natural resources highlight the importance of government involvement in developing joint strategies that ensure the growth of this sector and the achievement of United Nations Sustainable Development Goals.

Boerema A., Peeters A., Swolfs S., Vandevenne F., Jacobs S., Staes J., Meire P. (2016): Soybean trade: Balancing environmental and socio-economic impacts of an intercontinental market. PloS one, 11: 1–13.
Capaz R.S., de Medeiros E.M., Falco D.G., Seabra J.E., Osseweijer P., Posada J.A. (2020): Environmental trade-offs of renewable jet fuels in Brazil: Beyond the carbon footprint. Science of the Total Environment, 714: 1–14.
Carraressi A., Banterle L. (2015): Agri-food competitive performance in EU countries: A fifteen-year retrospective. International Food and Agribusiness Management Review, 18: 27–62.
Dal Bianco A., Boatto V.L., Caracciolo F., Santeramo F.G. (2016): Tariffs and non-tariff frictions in the world wine trade. European Review of Agricultural Economics, 43: 31–57.
Deininger K. (2013): Global land investments in the bio-economy: Evidence and policy implications. Agricultural Economics, 44: 115–127.
Deodhar S.Y., Sheldon I.M. (1997): Market power in the world market for soymeal exports. Journal of Agricultural and Resource Economics, 22: 78–86.
FAOSTAT (2019). Data. [Dataset]. The Food and Agriculture Organisation of the United Nations. Available at (accessed Nov, 2019).
Fernández-Núñez M.T., Márquez M. (2014): The dynamics of trade composition: Do trade-type interdependencies matter? The Journal of International Trade & Economic Development, 23: 710–734.
Goldsmith P., Hirsch R. (2006): The Brazilian soybean complex. Choices, 21: 97–103.
Gouveia S., Rebelo J., Lourenço-Gomes L. (2018): Port wine exports: A gravity model approach. International Journal of Wine Business Research, 30: 218–242.
Hausman C. (2012): Biofuels and land use change: Sugarcane and soybean acreage response in Brazil. Environmental and Resource Economics, 51: 163–187.
Hausmann R., Klinger B. (2007): Growth Diagnostic: Paraguay. Centre for International Development, Harvard University: 1–44.
Helpman E. (1981): International trade in the presence of product differentiation, economies of scale and monopolistic competition: A Chamberlinian-Heckscher-Ohlin approach. Journal of International Economics, 11: 139–152.
Herzberger A., Chung M.G., Kapsar K., Frank K.A., Liu J. (2019): Telecoupled food trade affects pericoupled trade and intracoupled production. Sustainability, 11: 1–15.
Huffman W.E. (2001): Human capital: Education and agriculture. Handbook of Agricultural Economics, 1A: 333–381.
ILOSTAT (2019): Data. [Dataset]. International Labor Organisation. Available at (accessed Nov, 2019).
Jambor A., Babu S. (2016): Understanding the Factors Behind Agricultural Competitiveness in Competitiveness of Global Agriculture. Cham, Switzerland, Springer International Publishing: 131–149.
Jenkins R. (1996): Trade liberalisation and export performance in Bolivia. Development and Change, 27: 693–716.
Jia F., Peng S., Green J., Koh L., Chen X. (2020): Soybean supply chain management and sustainability: A systematic literature review. Journal of Cleaner Production, 255: 1–20.
Larson D.W., Rask N. (1992): Changing competitiveness in world soybean markets. Agribusiness, 8: 79–91.<79::AID-AGR2720080107>3.0.CO;2-6
Márquez M.A., Ramajo J., Hewings G.J.D. (2003): Regional interconnections and growth dynamics: The Spanish case. Australasian Journal of Regional Studies, 9: 39–64.
Narayan S., Bhattacharya P. (2019): Relative export competitiveness of agricultural commodities and its determinants: Some evidence from India. World Development, 117: 29–47.
Nsabimana A., Tirkaso W.T. (2020): Examining coffee export performance in Eastern and Southern African countries: Do bilateral trade relations matter? Agrekon, 59: 46–64.
OECD (2019): Data. [Dataset]. Organisation for Economic Co-operation and Development. Available at (accessed Nov, 2019).
Paleari S. (2017): Is the European Union protecting soil? A critical analysis of Community environmental policy and law. Land Use Policy, 64: 163–173.
Rochedo P.R., Soares-Filho B., Schaeffer R., Viola E., Szklo A., Lucena A.F., Rathmann R. (2018): The threat of political bargaining to climate mitigation in Brazil. Nature Climate Change, 8: 695–698.
Saha B., Sarker R., Mitura V. (2014): Impact of genetically engineered varieties on the cost structure of corn and soybean production in Canada. Canadian Journal of Agricultural Economics/Revue Canadienne D'Agroeconomie, 62: 263–282.
Sanders D.R., Altman I.J., Ferraro N. (2014): Technological advances in soybean yields: A disaggregated approach. Agribusiness, 30: 207–221.
Santeramo F.G., Di Gioia L., Lamonaca E. (2021): Price responsiveness of supply and acreage in the EU vegetable oil markets: Policy implications. Land Use Policy, 101: 1–16.
Secchi S., Kurkalova L., Gassman P.W., Hart C. (2011): Land use change in a biofuels hotspot: The case of Iowa, USA. Biomass and Bioenergy, 35: 2391–2400.
Seccia A., Santeramo F.G., Nardone G. (2015): Trade competitiveness in table grapes: A global view. Outlook on Agriculture, 44: 127–134.
Tilman D., Clark M. (2014): Global diets link environmental sustainability and human health. Nature, 515: 518–522.
UNCTADstat (2019): Datasets. [Dataset]. United Nations Conference of Trade and Development. Available at (accessed Nov, 2019).
UN Comtrade Database (2019): International Trade in Goods Based on UN Comtrade Data. [Dataset]. United Nations. Available at (accessed Nov, 2019).
World Bank (2019): World Development Indicators (WDI). [Dataset]. The World Bank. Available at (accessed Nov, 2019).
WTO (2019): Data. [Dataset]. World Trade Organisation. Available at (accessed Nov, 2019).
download PDF

© 2022 Czech Academy of Agricultural Sciences | Prohlášení o přístupnosti