Exports: Soybeans

U.S. exports of Soybeans decreased 23.05 percent through July to $8.04 billion.

Top Markets

RankCountryYTD
1China$2.46 B
2Mexico$1.1 B
3Egypt$742.23 M
4Japan$598.4 M
5Germany$536.42 M
6Indonesia$525.55 M
7Taiwan$235.43 M
8Bangladesh$173.65 M
9Colombia$172.6 M
10Vietnam$168.12 M

Top markets Soybeans

Total:

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Soybeans by port

Total:

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U.S. exports of Soybeans decreased 23.05 percent through July to $8.04 billion

The category ranked 26 through July among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 15 for the last full year with a total value of $24.57 billion, a $3.24 billion, 11.65 percent decreased from the 2023 total.

Through July of this year the leading markets were No. 1 China, No. 2 Mexico, No. 3 Egypt, No. 4 Japan and No. 5 Germany. The leading markets were No. 1 Port of Southern Louisiana, No. 2 Port of New Orleans, No. 3 Port of Greater Baton Rouge, LA, No. 4 Port of Virginia and No. 5 Eagle Pass.

In the last previous full year, the leading markets were No. 1 China, No. 2 Mexico, No. 3 Indonesia, No. 4 Japan and No. 5 Germany. The leading markets were No. 1 Port of Southern Louisiana, No. 2 Port of New Orleans, No. 3 Port of Greater Baton Rouge, LA, No. 4 Port of Kalama, WA and No. 5 Port of Longview, WA.

Looking at specific airports, seaports and border crossings, the top five through the first seven months of the year were:

Highlights for the top five ports:

  • Port of Southern Louisiana fell 17.59 percent compared to last year to $2.45 billion.
  • Port of New Orleans fell 21.15 percent compared to last year to $2.03 billion.
  • Port of Greater Baton Rouge, LA fell 35.58 percent compared to last year to $440.5 million.
  • Port of Virginia fell 31.79 percent compared to last year to $412.59 million.
  • Eagle Pass fell 4.75 percent compared to last year to $408.83 million.

There are several hundred airports, seaports and border crossings that handle international trade; they are, in turn, part of the roughly four dozen U.S. Customs districts.

Highlights for the top five foreign markets:

  • U.S. export to No. 1 China decreased $2.62 billion, 51.52 percent, (30.64 percent market share).
  • U.S. export to No. 2 Mexico decreased $145.25 million, 11.7 percent, (13.63 percent market share).
  • U.S. export to No. 3 Egypt increased $303.39 million, 69.13 percent, (9.23 percent market share).
  • U.S. export to No. 4 Japan decreased $1.44 million, 0.24 percent, (7.44 percent market share).
  • U.S. export to No. 5 Germany decreased $14.65 million, 2.66 percent, (6.67 percent market share).

All totaled, 67.62 percent of all these Soybeans exports from the United States were shipped to the top five markets through July of this year. That is equal to $5.44 billion of the $8.04 billion total.

All totaled, 71.45 percent of all these Soybeans exports from the United States were shipped from the top five Ports through July of this year. That is equal to $5.74 billion of the $8.04 billion total.