Brazil’s Soybean Exports to China Jump Over 37% in May

(Poder360) — Brazil’s soybean exports to China surged to 12.11 million metric tons in May, a 37.5% jump from the same month last year, according to data released by China’s General Administration of Customs.

The increase signals a strong recovery from earlier in the year and reflects a steady rebound in demand from the world’s largest soybean importer. According to an analysis by Brazil’s National Association of Cereal Exporters, the trend is being driven by Chinese companies actively procuring the recent South American harvest.

Favorable weather conditions in Brazil’s key growing regions also contributed to a robust supply and competitive pricing for its soybeans, attracting a significant volume of orders from Chinese buyers.

Despite the strong performance in May, total exports to China for the first five months of the year reached 21.25 million metric tons, a 14% decrease compared with the same period in 2024.

The May recovery was largely driven by the gradual clearing of shipments previously postponed due to weather disruptions. The concentrated arrival of this backlogged cargo was a major factor behind the significant month-over-month increase in Chinese imports.

Industry analysts note that improved customs efficiency at Chinese ports and the resumption of operations at several domestic crushing plants also helped boost Brazil’s export volumes. In May, China’s total global soybean imports hit a record 13.92 million metric tons.

Looking ahead, analysts expect the strong pace of Brazilian exports to be maintained through the third quarter as concentrated shipments continue. Soybean trade between Brazil and China is projected to remain robust in the coming months.

This article, originally published in Portuguese by Ponder 360 on June 28, was translated and republished by Caixin Global under a mutual content-sharing arrangement.

Contact editor Lu Zhenhua (zhenhualu@caixin.com)

caixinglobal.com is the English-language online news portal of Chinese financial and business news media group Caixin. Global Neighbours is authorized to reprint this article.

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