Soybeans

U.S. Soybeans Exports in 2022

Total Export Value
$34.39 Billion
Total Volume (Millions)
57 Metric Tons
3-Year Average
$29.1 Billion
Compound Average Growth
4.8% (2013-2022)

Top 10 Markets for Soybeans in 2022

Market Total Value (USD)
China $17.87 Billion
Mexico $3.64 Billion
European Union $2.77 Billion
Egypt $2.01 Billion
Japan $1.8 Billion
Indonesia $1.26 Billion
Taiwan $1.11 Billion
South Korea $462.29 Million
Vietnam $420.16 Million
Bangladesh $350.57 Million
Top 10 Soybeans Export Markets 2013 - 2022
Annual Soybeans Exports 2013 - 2022

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Data and Analysis

Attaché Report (GAIN)

Bangladesh: Oilseeds and Products Annual

For marketing year (MY) 2023/24, Post’s soybean import forecast is 2.4 million MT, on Bangladesh rebounding from its current economic slowdown, while local soybean production remains flat.
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.
Attaché Report (GAIN)

Turkey: Oilseeds and Products Annual

Turkey’s production of major oilseeds – sunflowerseeds, cottonseeds, and soybeans – in marketing year (MY) 2023/24 is projected to decrease year-over-year because of pre-earthquake market dynamics.

News and Features

March 9, 2023
Export Sales Announcement

Export Sales to Unknown Destinations  

Private exporters reported sales of 184,000 MT of soybeans for delivery to unknown destinations during MY 2022/2023.
February 16, 2023
Export Sales Announcement

Export Sales to Unknown Destinations

Private exporters reported sales of 128,000 MT of soybeans for delivery to unknown destinations 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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