Overview In August 2021 United States' Soybeans exports accounted up to $752M and imports accounted up to $16M, resulting in a positive trade balance of $736M. Between August 2020 and August 2021 the exports of United States' Soybeans have decreased by $-894M (-54.3%) from $1.65B to $752M, while imports increased by $3.36M (26.6%) from $12.7M to $16M.
Destinations In August 2021, Soybeans were exported mostly to China ($230M), Mexico ($176M), Japan ($118M), Germany ($83.3M), and Indonesia ($33.5M), and were imported mostly from Canada ($8.55M), Argentina ($4.84M), Togo ($1.28M), India ($586k), and Paraguay ($232k).
Growth In August 2021, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to China ($-651M or -73.9%), Netherlands ($-222M or -100%), and Egypt ($-53.2M or -100%). In August 2021, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from Canada ($4.27M or 99.7%), Argentina ($956k or 24.6%), and Paraguay ($65.2k or 39%).