Soybeans in United States 2020 Exports | Imports : $25.6B | $285M, World Rnk 2 / 132 Rnk 11 / 1217 | World Rnk 24 / 188 Rnk 605 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $6.04B | $24.6M, China | Russia
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
Overview In May 2022 United States' Soybeans exports accounted up to $1.56B and imports accounted up to $45.3M, resulting in a positive trade balance of $1.52B. Between May 2021 and May 2022 the exports of United States' Soybeans have increased by $818M (109%) from $747M to $1.56B, while imports decreased by $-9.94M (-18%) from $55.2M to $45.3M.
Destinations In May 2022, Soybeans were exported mostly to China ($343M), Mexico ($306M), Egypt ($215M), Indonesia ($152M), and Japan ($124M), and were imported mostly from Canada ($10.4M), Ghana ($8.85M), Argentina ($8.12M), Chile ($7.59M), and Uruguay ($2.62M).
Growth In May 2022, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to China ($1.81B or 249%), Spain ($50.8M or 49.5%), and Thailand ($50M or 160%). In May 2022, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Canada ($-1.9M or -30.7%), India ($-1.19M or -31.3%), and Argentina ($-938k or -87.7%).
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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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).
IN 2020, United States HAD A POSITIVE NET TRADE IN Soybeans WITH:
IN 2020, United States HAD A NEGATIVE NET TRADE IN Soybeans WITH:
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):
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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