Soya meal trade by country: top importers, exporters and prices
World trade in soya meal was worth $33.61 billion in 2024, about 74.56 million tonnes. That is an increase of 50% since 2017, and down 8% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $33.61B | 74.56M t |
| 2023 | $36.51B | 67.67M t |
| 2022 | $38.46B | 72.53M t |
| 2021 | $32.38B | 69.00M t |
| 2020 | $26.08B | 69.67M t |
| 2019 | $26.51B | 73.09M t |
| 2018 | $28.14B | 69.07M t |
| 2017 | $22.40B | 59.30M t |
Top soya meal exporting countries
Brazil is the largest exporter with 29% of world exports, followed by Argentina and the United States. The top three supply 74% between them, out of 127 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| Brazil | $9.78B | 29% |
| Argentina | $8.69B | 26% |
| United States | $6.27B | 19% |
| Netherlands | $1.07B | 3.2% |
| India | $973.6M | 2.9% |
| China | $839.2M | 2.5% |
| Germany | $777.5M | 2.3% |
| Bolivia | $731.5M | 2.2% |
| Paraguay | $631.6M | 1.9% |
| Turkey | $537.5M | 1.6% |
| Ukraine | $334.8M | 1% |
| Russia | $311.5M | 0.9% |
Top importing countries and buyer markets
The largest importers are Vietnam (7%), Indonesia (6%) and the Philippines (4%). 174 countries imported it, and the top three take 17% of the value.
| Importer | Value | Share |
|---|---|---|
| Vietnam | $2.20B | 6.6% |
| Indonesia | $2.13B | 6.3% |
| Philippines | $1.43B | 4.3% |
| Germany | $1.35B | 4% |
| Poland | $1.33B | 4% |
| Netherlands | $1.32B | 3.9% |
| France | $1.27B | 3.8% |
| Thailand | $1.26B | 3.7% |
| Iran | $1.16B | 3.4% |
| Spain | $1.01B | 3% |
| Colombia | $905.0M | 2.7% |
| Japan | $861.2M | 2.6% |
Average price per kg
The world average declared value was about $0.45 per kg in 2024. Among the main exporters, India averaged $0.54 per kg and Argentina $0.41 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2304: Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil. HS 2304 codes.
Common questions
Which countries export the most soya meal?
Brazil exported $9.78 billion in 2024, 29% of the world total, followed by Argentina (26%) and the United States (19%). In all, 127 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most soya meal?
Vietnam imported $2.20 billion in 2024, 7% of world imports, ahead of Indonesia (6%) and the Philippines (4%). The top three importers together take 17%. Each country with its own page is linked from the table.
How big is the world trade in soya meal?
It was worth $33.61 billion in 2024, about 74.56 million tonnes. That is an increase of 50% since 2017. The peak year was 2022 at $38.46 billion. 127 countries reported exports and 174 reported imports.
What is the average price of soya meal per kg?
The world average declared value was about $0.45 per kg in 2024. Among the main exporters, India averaged $0.54 per kg and Argentina $0.41 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for soya meal?
The HS code for soya meal is heading 2304, in chapter 23 (food industries, residues and wastes thereof; prepared animal fodder). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 2304 page.
How can I find soya meal buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
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