Soybean Meal in   United States

Overview In January 2024 United States' Soybean Meal exports accounted up to $531M and imports accounted up to $35.8M, resulting in a positive trade balance of $495M. Between January 2023 and January 2024 the exports of United States'   Soybean Meal have decreased by $-6.76M (-1.26%) from $537M to $531M, while imports decreased by $-33.3M (-48.2%) from $69.1M to $35.8M.

Destinations In January 2024, Soybean Meal were exported mostly to Mexico ($89.4M), Philippines ($63.2M), Canada ($42.3M), Vietnam ($37.3M), and Ireland ($35.1M), and were imported mostly from Canada ($10.7M), Russia ($9.23M), Togo ($7.67M), Ethiopia ($2.98M), and Benin ($1.6M).

Growth In January 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to Philippines ($-32.8M or -55.4%), Dominican Republic ($-20.3M or -78.4%), and Morocco ($-10.5M or -52.8%). In January 2024, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from Ethiopia ($-1.92M or -56.6%).