Soybean Meal

U.S. Soybean Meal Exports in 2022

Total Export Value
$6.09 Billion
Total Volume (Millions)
12 Metric Tons
3-Year Average
$5.46 Billion
Compound Average Growth
1.2% (2013-2022)

Top 10 Markets for Soybean Meal in 2022

Market Total Value (USD)
Philippines $1.01 Billion
Mexico $862.67 Million
Colombia $734.26 Million
Canada $606.78 Million
Ecuador $318 Million
Guatemala $260.31 Million
Dominican Republic $246.07 Million
Venezuela $244.97 Million
Morocco $199.33 Million
Honduras $187.28 Million
Top 10 Soybean Meal Export Markets 2013 - 2022
Annual Soybean Meal Exports 2013 - 2022

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Data and Analysis

U.S. soybean meal exports set a record at an estimated 13.2 million tons in MY 2022/23 (Oct-Sep), valued at nearly $7 billion, driven by increased soybean crush to supply feedstock oil for growing U.S. biomass-based diesel production.
Attaché Report (GAIN)

Vietnam: Oilseeds and Products Update

After slow growth during the first half of 2023, Vietnam’s economy is on a path to recovery. Post has revised Vietnam’s feed consumption forecast to 26.6 MMT in MY2022/23 matching levels in MY2021/22.
Attaché Report (GAIN)

India: Oilseeds and Products Update

India’s soybean oilseed and rapeseed production estimates for marketing year (MY) 2022/23 (October-September) increased to 12.4 and 11.8 million metric tons (MMT) respectively due to favorable weather conditions.

News and Features

Export Sales Announcement

Export Sales to Mexico and the Philippines

Private exporters reported the following sales activity for MY 2023/2024: 200,000 MT of corn for delivery to Mexico and 183,000 MT of soybean cake and meal for delivery to the Philippines.
Export Sales Announcement

Export Sales to China and Unknown Destinations

Private exporters reported to USDA the following sales activity: 181,000 MT of red winter wheat for delivery to China during the MY 23/24; 117,300 MT of soybeans for delivery to unknown destinations during the MY 23/24; 100,000 MT of soybean cake and meal for delivery to unknown destinations during the MY 23/24.
Export Sales Announcement

Export Sales to the Philippines

Private exporters reported sales of 185,000 MT of soybean cake and meal for delivery to the Philippines during MY 2023/2024.

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