Exports: Soybeans
U.S. exports of Soybeans decreased 19.42 percent through August to $9.07 billion.
Top Markets
| Rank | Country | YTD |
|---|---|---|
| 1 | China | $2.46 B |
| 2 | Mexico | $1.32 B |
| 3 | Egypt | $897.43 M |
| 4 | Japan | $670.19 M |
| 5 | Germany | $613.69 M |
| 6 | Indonesia | $598.48 M |
| 7 | Taiwan | $326 M |
| 8 | Vietnam | $259.95 M |
| 9 | Italy | $216.25 M |
| 10 | Bangladesh | $212.85 M |
Top Gateways
| Rank | Port | YTD |
|---|---|---|
| 1 | Port of Southern Louisiana | $2.75 B |
| 2 | Port of New Orleans | $2.23 B |
| 3 | Port of Greater Baton Rouge, LA | $637.38 M |
| 4 | Eagle Pass | $470.78 M |
| 5 | Port of Virginia | $442.26 M |
| 6 | Port of Kalama, WA | $393.13 M |
| 7 | Port Laredo | $367.27 M |
| 8 | Port of Los Angeles | $357.32 M |
| 9 | Port of Long Beach | $196.86 M |
| 10 | Port of Longview, WA | $163.15 M |
Top markets Soybeans
Total:
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Soybeans by port
Total:
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U.S. exports of Soybeans decreased 19.42 percent through August to $9.07 billion
The category ranked 26 through August 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 August 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 Eagle Pass and No. 5 Port of Virginia.
In the last previous full year, the leading markets were No. 1 China, No. 2 Mexico, No. 3 Indonesia, No. 4 Germany and No. 5 Japan. 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 eight months of the year were:
Highlights for the top five ports:
- Port of Southern Louisiana fell 16.33 percent compared to last year to $2.75 billion.
- Port of New Orleans fell 15.25 percent compared to last year to $2.23 billion.
- Port of Greater Baton Rouge, LA fell 13.03 percent compared to last year to $637.38 million.
- Eagle Pass rose 1.65 percent compared to last year to $470.78 million.
- Port of Virginia fell 31.58 percent compared to last year to $442.26 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 $2.75 billion, 52.78 percent, (27.14 percent market share).
- U.S. export to No. 2 Mexico decreased $87.73 million, 6.21 percent, (14.6 percent market share).
- U.S. export to No. 3 Egypt increased $369.79 million, 70.08 percent, (9.89 percent market share).
- U.S. export to No. 4 Japan decreased $2.62 million, 0.39 percent, (7.39 percent market share).
- U.S. export to No. 5 Germany decreased $63.46 million, 9.37 percent, (6.76 percent market share).
All totaled, 65.78 percent of all these Soybeans exports from the United States were shipped to the top five markets through August of this year. That is equal to $5.97 billion of the $9.07 billion total.
All totaled, 72.04 percent of all these Soybeans exports from the United States were shipped from the top five Ports through August of this year. That is equal to $6.54 billion of the $9.07 billion total.