HS Icon Soybeans in  Flag United States

2020
Exports | Imports
: $25.6B | $285M, World Rnk 2 / 132
Flag Rnk 11 / 1217 | World Rnk 24 / 188
Flag Rnk 605 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $6.04B | $24.6M, China |  Russia


ECONOMIC COMPLEXITY of United States
: 1.56, Rnk 9 / 127


PRODUCT COMPLEXITY  IN Soybeans
: -1.05, Rnk 855 / 1028

Exports In 2020, United States exported $25.6B 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 ($13.9B), Mexico ($1.9B), Egypt ($1.52B), Netherlands ($1.12B), and Japan ($1.03B).

The fastest growing export markets for Soybeans of United States between 2019 and 2020 were China ($6.04B), Egypt ($523M), and Netherlands ($375M).

Imports In 2020, United States imported $285M in Soybeans, becoming the 24th largest importer of Soybeans in the world. At the same year, Soybeans was the 605th most imported product in United States. United States imports Soybeans primarily from: Canada ($80.9M), Argentina ($42.1M), Russia ($35.7M), Ukraine ($31.7M), and Turkey ($31.2M).

The fastest growing import markets in Soybeans for United States between 2019 and 2020 were Russia ($24.6M), Ukraine ($10.4M), and Togo ($5.38M).

May 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2021 - May 2022): $818M, (109%)

IMPORT GROWTH (May 2021 - May 2022): $-9.94M, (-18%)

MAIN EXPORTER (May 2022): Louisiana, $702M

MAIN DESTINATION (May 2022): China, $343M

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

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EXPORTS (2020): $25.6B

IMPORTS (2020): $285M

NET TRADE (2020): $25.3B

In 2020, United States exported $25.6B in Soybeans. The main destinations of United States exports on Soybeans were China ($13.9B), Mexico ($1.9B), Egypt ($1.52B), Netherlands ($1.12B), and Japan ($1.03B).

In 2020, United States imported $285M in Soybeans, mainly from Canada ($80.9M), Argentina ($42.1M), Russia ($35.7M), Ukraine ($31.7M), and Turkey ($31.2M).

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IN 2020, United States HAD A POSITIVE NET TRADE IN Soybeans WITH:

IN 2020, United States HAD A NEGATIVE NET TRADE IN Soybeans WITH:

Flow

THE FASTEST GROWING Soybeans EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY United States WERE (2019 - 2020):

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Market Concentration

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In 2019, United States's main exporting competitors in Soybeans were:

In 2019, United States's main importing competitors in Soybeans were:

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