🇺🇸 United States exports of soybeans: 2024 trade data
In 2024, the United States exported soybeans worth $24.48 billion (45.05 million tonnes). That makes it the 2nd largest exporter of this product worldwide, out of 140 countries. Value fell 14% from 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2022, at $34.72 billion.
Public statistics, latest reported year 2024. Values in US dollars.
Exports of soybeans by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $24.48B | 45.05M t |
| 2023 | $28.61B | 45.05M t |
| 2022 | $34.72B | 53.99M t |
| 2021 | $29.09B | 55.69M t |
| 2020 | $25.28B | 57.69M t |
| 2019 | $19.72B | 50.81M t |
| 2018 | $22.07B | 51.96M t |
| 2017 | $23.01B | 56.73M t |
Where the United States exports soybeans to
One buyer market dominates: China accounted for 51% of the value. Among the main buyer markets, Egypt grew fastest (+66% on the year before).
| Destination | Value | Share |
|---|---|---|
| 🇨🇳 China | $12.54B | 51% |
| 🇲🇽 Mexico | $2.30B | 9.4% |
| 🇮🇩 Indonesia | $1.25B | 5.1% |
| 🇯🇵 Japan | $1.17B | 4.8% |
| 🇩🇪 Germany | $1.08B | 4.4% |
| 🇪🇬 Egypt | $1.04B | 4.2% |
| 🇪🇸 Spain | $679.7M | 2.8% |
| Taiwan | $520.7M | 2.1% |
| 🇻🇳 Vietnam | $489.0M | 2% |
| 🇰🇷 South Korea | $373.6M | 1.5% |
Types of soybeans under HS 1201
| 1201.90 | Soya beans: other than seed, whether or not broken | 100% |
| 1201.10 | Soya beans: seed, whether or not broken | 0.3% |
Codes and full descriptions: HS heading 1201.
Average export price of soybeans
The average declared value was about $0.54 per kg, close to the world average of $0.47.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
The United States also imports soybeans
In 2024, the United States imported soybeans worth $380.2 million (675.8 thousand tonnes). Most of the value came from Canada (42%), Argentina (18%), Brazil (15%). Among the main suppliers, Uruguay grew fastest (+106% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇨🇦 Canada | $161.0M | 42% |
| 🇦🇷 Argentina | $69.0M | 18% |
| 🇧🇷 Brazil | $58.0M | 15% |
| 🇹🇷 Turkey | $31.5M | 8.3% |
| 🇬🇭 Ghana | $14.7M | 3.9% |
| 🇺🇾 Uruguay | $9.0M | 2.4% |
| 🇨🇱 Chile | $7.8M | 2.1% |
| 🇲🇽 Mexico | $7.4M | 2% |
| 🇷🇺 Russia | $6.7M | 1.8% |
| 🇹🇬 Togo | $5.5M | 1.5% |
Who is behind these numbers in the United States?
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.
Direct customs feed: shipment-level records from the official customs source.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
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: Soya beans, whether or not broken.
Soybeans trade in the United States: questions
What is the value of soybeans imported by the United States?
The United States imported soybeans worth $380.2 million in 2024 (675.8 thousand tonnes).
Where does the United States import soybeans from?
The main supplier countries in 2024 were Canada (42%), Argentina (18%), Brazil (15%).
What is the average import price of soybeans in the United States?
The average declared import value was about $0.56 per kg in 2024, against a world average of $0.47 per kg.
Does the United States export soybeans?
Yes. The United States exported soybeans worth $24.48 billion in 2024, mainly to China, Mexico, Indonesia.
What is the HS code for soybeans?
Soybeans falls under HS heading 1201 (Soya beans, whether or not broken). The six-digit codes under it split the product by type.
How can I find the companies trading soybeans with the United States?
These public statistics stop at country level. EximDataX has a direct customs feed for the United States with shipment-level records, updated weekly, where you can see the importers and exporters by name.
Soybeans trade in other countries
See what your buyers are buying.Then decide.
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