2021
Exports | Imports
$27.8B | $408MWorld Rnk 2 / 138
Flag Rnk 11 / 1216
World Rnk 23 / 190
Flag Rnk 549 / 1215
2021
ECONOMIC COMPLEXITY of United States
1.46Rnk 10 / 131
2021
PRODUCT COMPLEXITY IN Soybeans
-1.61Rnk 961 / 1024

About

Exports In 2021, United States exported $27.8B in Soybeans, making it the 2nd largest exporter of Soybeans in the world. At the same year, Soybeans was the 11th most exported product in United States. The main destination of Soybeans exports from United States are: China ($14.3B), Mexico ($2.67B), Egypt ($1.43B), Japan ($1.42B), and Indonesia ($1.13B).

The fastest growing export markets for Soybeans of United States between 2020 and 2021 were Mexico ($774M), Germany ($521M), and Japan ($391M).

Imports In 2021, United States imported $408M in Soybeans, becoming the 23rd largest importer of Soybeans in the world. At the same year, Soybeans was the 549th most imported product in United States. United States imports Soybeans primarily from: Canada ($109M), Brazil ($86.8M), Argentina ($65.9M), Ukraine ($41.2M), and Turkey ($37.8M).

The fastest growing import markets in Soybeans for United States between 2020 and 2021 were Brazil ($86.7M), Canada ($27.9M), and Argentina ($23.8M).

Latest Trends

November 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - November 2023)$-1.63B(-29.1%)
IMPORT GROWTH (November 2022 - November 2023)$2.29M(6.24%)
MAIN EXPORTER (November 2023)Louisiana$2.63B
MAIN DESTINATION (November 2023)China$2.37B

This section shows Soybeans's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$27.8B
IMPORTS (2021)$408M
NET TRADE (2021)$27.4B

In 2021, United States exported $27.8B in Soybeans. The main destinations of United States exports on Soybeans were China ($14.3B), Mexico ($2.67B), Egypt ($1.43B), Japan ($1.42B), and Indonesia ($1.13B).

In 2021, United States imported $408M in Soybeans, mainly from Canada ($109M), Brazil ($86.8M), Argentina ($65.9M), Ukraine ($41.2M), and Turkey ($37.8M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR United States WERE (2020 - 2021):
Mexico$774M (40.8%)
Germany$521M (208%)
Japan$391M (37.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY United States WERE (2020 - 2021):
Netherlands-$586M (-52.3%)
Peru-$47M (-48.2%)
Pakistan-$42M (-10.8%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, United States's main exporting competitors in Soybeans were:
In 2021, United States's main importing competitors in Soybeans were:
China $44.2B
Mexico $3.22B

Explore Visualizations

Trade Value of Soybeans by Exporters

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