Soybeans
U.S. Soybeans Exports in 2023
Total Export Value
$27.72 Billion
Total Volume (Millions)
48.25 Metric Tons
3-Year Average
$29.83 Billion
Compound Average Growth
1.5% (2014-2023)
Market | Total Value (USD) |
---|---|
China | $15.06 Billion |
European Union | $3.45 Billion |
Mexico | $2.79 Billion |
Japan | $1.37 Billion |
Indonesia | $1.25 Billion |
Taiwan | $622.07 Million |
Egypt | $477.85 Million |
Vietnam | $410.75 Million |
South Korea | $320.1 Million |
Bangladesh | $302.95 Million |
Data and Analysis
Post forecasts Uruguay’s marketing year (MY) 2024/25 soybean up to 3.4 million metric tons (MMT) on increased soy acreage planting, driven by increased acreage in second or late crop soy due to producers fears of another dry year of La Niña weather pattern and potential disease threat to corn, preferring soy over corn.
This report provides an overview of soybean production and consumption, as well as opportunities for soybean exporters, in Burma. Domestic production supplies most of food and edible oil demand. Imports of soybean meal represent the bulk of soybean use for feed.
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.
News and Features
Private exporters reported the following sales activity: 216,500 MT of corn to Mexico - 23,000 MT in MY 2023/2024 and 193,500 MT in MY 2024/2025 - and 121,500 MT of soybeans to Mexico - 13,500 MT in MY 2023/2024 and 108,000 MT in MY 2024/2025. Test URL: https://www.freshproduce.com/events/the-global-produce-and-floral-show/
Private exporters reported sales of 124,000 MT of soybeans for delivery to unknown destinations during MY 2023/2024.
Private exporters reported sales of 254,000 MT of soybeans for delivery to unknown destinations during MY 2024/2025.
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