Research on Diversified Selection of Soybean Import Sources from the Perspective of Import Risk Minimization

Abstract

From the perspective of reducing import risks, this paper quantitatively analyzes the optimization path of China's soybean import structure in 2020. The research conclusion shows that compared with 2000, China's soybean import sources will gradually diversify in 2020, and the import risk will increase significantly. In order to minimize the risk of soybean imports, China needs to increase soybean imports from the United States, while appropriately reducing soybean dependence on Brazil and Argentina. In addition, other import source countries such as Canada and Russia still have great import potential, which helps to diversify the concentrated import risks.