Soybeans

U.S. Soybeans Exports in 2021

Total Export Value
$27.39 Billion
Total Volume (Millions)
53 Metric Tons
3-Year Average
$23.87 Billion
Compound Average Growth
1% (2012-2021)

Top 10 Markets for Soybeans in 2021

Market Total Value (USD)
China $14.12 Billion
Mexico $2.62 Billion
European Union $2.27 Billion
Egypt $1.42 Billion
Japan $1.35 Billion
Indonesia $1.08 Billion
Taiwan $732.21 Million
Thailand $468.85 Million
Bangladesh $449.09 Million
Vietnam $393.07 Million
Top 10 Soybeans Export Markets 2012 - 2021
Annual Soybeans Exports 2012 - 2021

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Data and Analysis

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World Agricultural Production

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Attaché Report (GAIN)

Brazil: Oilseeds and Products Update

Post increased the 2022/23 forecast for soybean planted area expansion to 43.3 million hectares (ha) and soybean production to 153 million metric tons (MMT). This season sowing began optimistically, with most soybeans planted on time compared to last year. However, in the southern part of the country including Rio Grande do Sul and Parana, rains will be needed in January because if continues to be dry, the crop will be negatively impacted.

News and Features

January 26, 2023
Export Sales Announcement

Export Sales to China

Private exporters reported sales of 106,000 MT of soybeans for delivery to China during MY 2023/2024.
January 25, 2023
Export Sales Announcement

Export Sales to Unknown Destinations

Private exporters reported the following activity for MY 2022/2023: 100,000 MT of corn for delivery to unknown destinations and 130,000 MT of soybeans for delivery to unknown destinations.
January 23, 2023
Export Sales Announcement

Export Sales to Unknown Destinations

Private exporters reported sales of 192,000 MT of soybeans for delivery to unknown destinations during MY 2022/2023.

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