Soybean Meal

U.S. Soybean Meal Exports in 2022

Total Export Value
$6.16 Billion
Total Volume (Millions)
12 Metric Tons
3-Year Average
$5.48 Billion
Compound Average Growth
1.3% (2013-2022)

Top 10 Markets for Soybean Meal in 2022

Market Total Value (USD)
Philippines $1.01 Billion
Mexico $864.08 Million
Colombia $740.93 Million
Canada $606.46 Million
Ecuador $318 Million
Venezuela $312.85 Million
Guatemala $258.45 Million
Dominican Republic $231.13 Million
Morocco $199.2 Million
Honduras $186.34 Million
Top 10 Soybean Meal Export Markets 2013 - 2022
Annual Soybean Meal Exports 2013 - 2022

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Data and Analysis

Attaché Report (GAIN)

Philippines: Oilseeds and Products Annual

FAS Manila forecasts copra production at 3 million MT for MY 2023/24 because of the coming El Niño and the break from the 3-year productive cycle. Soybean meal imports are projected to reach 2.9 million MT because of expected expansion in the broiler and aquaculture sectors.
Attaché Report (GAIN)

Vietnam: Oilseeds and Products Annual

Vietnam’s economy has continued to rebound after the COVID-19 pandemic, while also being affected by global inflation and local price hikes for ingredients.
Attaché Report (GAIN)

China: Oilseeds and Products Annual

Modest growth in the animal protein sector is expected to raise China’s soybean imports to 97 million metric tons (MMT) in Marketing Year (MY) 23/24. The People’s Republic of China’s (PRC) removal of COVID-related restriction in December 2022 is expected to boost overall oilseed consumption.

News and Features

May 22, 2023
Export Sales Announcement

Export Sales to the Philippines

Private exporters reported sales of 225,000 MT of soybean cake and meal for delivery to the Philippines during MY 2022/2023.
May 15, 2023
Export Sales Announcement

Export Sales to Poland

Private exporters reported sales of 100,000 MT of soybean meal for delivery to Poland during MY 2022/2023.
The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion.

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