Soybeans
U.S. Soybeans Exports in 2024
Total Export Value
$24.58 Billion
Total Volume (Millions)
52.40 Metric Tons
3-Year Average
$28.89 Billion
Compound Average Growth
2.7% (2015-2024)
| Market | Total Value (USD) |
|---|---|
| China | $12.84 Billion |
| European Union | $2.43 Billion |
| Mexico | $2.3 Billion |
| Indonesia | $1.25 Billion |
| Egypt | $1.01 Billion |
| Japan | $1 Billion |
| Taiwan | $601.39 Million |
| Vietnam | $483.8 Million |
| Bangladesh | $348.9 Million |
| Turkey | $336.01 Million |
Data and Analysis
Major bulk commodities, as a share of total U.S. agricultural exports, have risen and fallen dramatically since 2020. Beyond short-term price volatilities that have largely driven these developments, changes to the largest overseas market and an increasingly competitive landscape also affect the prospect for major U.S. bulk exports.
In 2024, Taiwan was the eighth-largest market for U.S. agricultural exports, valued at $3.8 billion, 16 percent greater than 5 years ago. The top five U.S. agricultural exports to Taiwan are beef and beef products, soybeans, corn, wheat, and fresh fruits.
The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.
News and Features
Private exporters reported sales of 120,000 MT of soybeans for delivery to Mexico - 24,000 MT is for delivery during MY 2024/2025 and 96,000 MT is for delivery during MY 2025/2026.
Private exporters reported sales activity for Mexico and Pakistan.
Private exporters reported the following sales activity: 115,000 MT of corn for delivery to unknown destinations during MY 2024/2025, 225,000 MT of soybeans for delivery to Pakistan during MY 2025/2026, and 205,000 MT of corn for delivery to Mexico - 40,000 MT for delivery during MY 2024/2025 and 165,000 MT for delivery in MY 2025/2026.
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