Soybean seeds trade by country: top importers, exporters and prices
World trade in soybean seeds was worth $395.7 million in 2024, about 533.4 thousand tonnes. That is a fall of 61% since 2017, and down 35% 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 | $395.7M | 533.4K t |
| 2023 | $609.1M | 956.7K t |
| 2022 | $1.42B | 2.06M t |
| 2021 | $1.85B | 3.03M t |
| 2020 | $1.13B | 2.57M t |
| 2019 | $995.1M | 2.36M t |
| 2018 | $1.23B | 2.57M t |
| 2017 | $1.01B | 1.87M t |
Top soybean seeds exporting countries
Canada is the largest exporter with 22% of world exports, followed by the United States and Benin. The top three supply 52% between them, out of 96 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| Canada | $86.1M | 22% |
| United States | $69.6M | 18% |
| Benin | $48.2M | 12% |
| Brazil | $22.2M | 5.6% |
| Argentina | $15.4M | 3.9% |
| Austria | $13.5M | 3.4% |
| China | $12.5M | 3.2% |
| Nigeria | $10.9M | 2.8% |
| United Arab Emirates | $9.3M | 2.4% |
| Chile | $8.6M | 2.2% |
| Czech Republic | $7.4M | 1.9% |
| Poland | $7.3M | 1.8% |
Top importing countries and buyer markets
Malaysia is the biggest buyer with 18% of world imports, ahead of Mozambique and China. Demand is spread widely: the top three take 32% across 146 importing countries.
| Importer | Value | Share |
|---|---|---|
| Malaysia | $71.1M | 18% |
| Mozambique | $30.0M | 7.6% |
| China | $25.7M | 6.5% |
| United States | $24.9M | 6.3% |
| Pakistan | $18.7M | 4.7% |
| Italy | $17.4M | 4.4% |
| Germany | $17.4M | 4.4% |
| Japan | $17.3M | 4.4% |
| Canada | $14.4M | 3.6% |
| India | $12.8M | 3.3% |
| Romania | $12.1M | 3.1% |
| Thailand | $11.5M | 2.9% |
Average price per kg
The world average declared value was about $0.74 per kg in 2024. Among the main exporters, China averaged $2.74 per kg and Benin $0.34 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
Tell us what you trade and we will show you the latest records on a live call.
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 1201.10: Soya beans: seed, whether or not broken. HS 1201 codes.
Common questions
Which countries export the most soybean seeds?
Canada exported $86.1 million in 2024, 22% of the world total, followed by the United States (18%) and Benin (12%). In all, 96 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most soybean seeds?
Malaysia imported $71.1 million in 2024, 18% of world imports, ahead of Mozambique (8%) and China (6%). The top three importers together take 32%. Each country with its own page is linked from the table.
How big is the world trade in soybean seeds?
It was worth $395.7 million in 2024, about 533.4 thousand tonnes. That is a fall of 61% since 2017. The peak year was 2021 at $1.85 billion. 96 countries reported exports and 146 reported imports.
What is the average price of soybean seeds per kg?
The world average declared value was about $0.74 per kg in 2024. Among the main exporters, China averaged $2.74 per kg and Benin $0.34 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 soybean seeds?
The HS code for soybean seeds is subheading 1201.10, in chapter 12 (oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruit, industrial or medicinal plants; straw and 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 1201 page.
How can I find soybean seeds 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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