Soybeans are one of the world's most heavily traded agricultural commodities, with Brazil, the United States, and Argentina collectively supplying over 80% of global exports. China is the dominant importer, accounting for approximately 60% of global soybean trade, making Sino-American and Sino-Brazilian trade relations a critical price and flow determinant. Prices are highly sensitive to weather events in key growing regions, currency fluctuations, CBOT futures movements, and geopolitical trade tensions, particularly US-China tariff dynamics.
HS Code 120100 covers Soybeans under the Harmonized System. It is used for customs declarations, import duty assessment, trade statistics, export documentation, and sourcing analysis.
Products classified under HS 120100 are used across Animal Feed Industry, Vegetable Oil Processing, Food Manufacturing, Biodiesel Production, Aquaculture. Demand is driven by Global meat consumption growth, Livestock feed demand, Vegetable oil demand, Biofuel mandates.
Major exporting countries include United States, Brazil, Argentina, China, Paraguay based on recent international trade reporting.
Demand is linked to Global meat consumption growth, Livestock feed demand, Vegetable oil demand, Biofuel mandates. Input costs are influenced by Cultivated soybean crop (Glycine max).
Verify final rates with HTSUS, TARIC, CBIC India, and a licensed customs broker.
US importers of Soybeans must classify at the HTS10 level. Additional measures such as Section 232, Section 301, ADD/CVD, or Chapter 99 provisions may apply depending on the exact classification and origin.
EU importers classify Soybeans at TARIC10 level. Preferential treatment may apply where rules of origin are satisfied under EU trade agreements. Intra-EU trade is duty-free.
India assesses Soybeans at the HS8 level under the CBIC Customs Tariff. The applicable duty framework is: BCD 30% + SWS 3% + IGST 5% = 40.60% effective gross rate. IGST is generally recoverable for registered B2B importers via GST filing.
Based on recent international trade data, the leading exporting countries for Soybeans are:
These corridors show where trade activity is concentrated. Buyers use this signal to identify supplier depth, established logistics lanes, and alternative sourcing markets.
| HS Code | 120100 |
| Product | Soybeans |
| Chapter | 12 — Agricultural Commodity |
| Major exporting countries | United States, Brazil, Argentina, China, Paraguay |
| Primary industries | Animal Feed Industry, Vegetable Oil Processing, Food Manufacturing, Biodiesel Production, Aquaculture |
| Trade year | Latest available |
| US duty framework | HTS10 classification dependent |
| EU duty framework | 50% MFN |
| India BCD | 30% BCD |
Logitality sourcing intelligence for HS 120100 combines global trade corridors, tariff data, commodity cost signals, FX movement, and supplier-country analysis to compare origins by estimated landed cost.
Compare supplier countries for HS 120100 by full duty stack and landed cost.
Run sourcing intelligence →Read the detailed sourcing guide for HS 120100 Soybeans, including supplier-country analysis, trade-flow context, and procurement considerations.
HS Code 120100 Soybeans: Sourcing Guide for Trade Professionals (2025) →
HS Code 120100 covers Soybeans and is used for customs declarations, trade statistics, import duty assessment, and sourcing analysis.
Duty varies by destination and classification. US: HTS10 classification dependent. EU: 50% MFN. India: 30% BCD.
Major exporting countries include United States, Brazil, Argentina, China, Paraguay, based on recent trade reporting.