Overview: In January 2021 United States' Soybeans exports accounted up to $4.15B and imports accounted up to $12.3M, resulting in a positive trade balance of $4.14B. Between January 2020 and January 2021 the exports of United States' Soybeans have increased by $2.2B (112%) from $1.95B to $4.15B, while imports decreased by $-5.13M (-29.5%) from $17.4M to $12.3M.
Destinations: In January 2021 Soybeans exported mostly to China ($2.54B), Mexico ($216M), Netherlands ($198M), Spain ($153M), and Egypt ($133M), and imported mostly from Russia ($4.79M), Canada ($4.3M), India ($2.6M), China ($193k), and Mexico ($172k).
Growth: In January 2021, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to China ($1.76B or 226%), Spain ($50.8M or 49.5%), and Thailand ($50.2M or 162%). In January 2021, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Canada ($-1.9M or -30.7%), India ($-1.19M or -31.3%), and Argentina ($-938k or -87.7%).