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)

In 2020, the value of U.S. soybean exports to the world reached a record $25.7 billion, up nearly 40 percent ($7 billion) by value and up 23 percent (11.9 million tons) by volume from the prior year. Exports to China jumped $6.2 billion (up 77 percent) from last year, significantly contributing to the rise in total exports. The total value of U.S. soybean exports was more than $4 billion (18 percent) above the 5-year average of 2013-2017.

More information from the 2020 U.S. Agricultural Export Yearbook

USDA's latest official data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds, can be found in the Oilseeds: World Markets and Trade report.

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

World Production, Markets, and Trade Report

Oilseeds: World Markets and Trade

This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds.
World Production, Markets, and Trade Report

World Agricultural Production

Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....
International Agricultural Trade Report

Opportunities for U.S. Food Processing Ingredient Exports to Malaysia

Malaysia was the 25th largest export destination for U.S. agricultural products in 2021 and is a top prospect for exports of food and beverage ingredients because of its large and growing food processing industry. Food and beverages manufactured in Malaysia not only serve domestic consumers but are also exported to many neighboring countries. U.S. exporters of dairy products, fresh and processed potatoes, food-grade soy, processed fruit and juices, tree nuts and more have many opportunities to supply Malaysian industry which depends on imports for key ingredients and inputs, and in doing so will reach consumers across Malaysia and throughout Southeast Asia.

News and Features

October 3, 2022
Export Sales Announcement

Export Sales to Unknown Destinations  

Private exporters reported sales of 110,000 MT of soybeans for delivery to unknown destinations during MY 2022/2023.
September 19, 2022
Export Sales Announcement

Export Sales to China

Private exporters reported to USDA sales of 136,000 metric tons of soybeans for delivery to China during the 2022/2023 marketing year.
September 9, 2022
Export Sales Announcement

Export Sales to Taiwan

Private exporters reported sales of 104,000 MT of soybeans for delivery to Taiwan during MY 2022/2023.

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