Brazil leads global soybean production with 128.27 million metric tons, followed closely by the United States at 125.77 million metric tons. Argentina and China contribute significantly less at 37.68 and 14.63 million metric tons, respectively. Year-on-year, Brazil saw a 1.7% increase, and the United States, a modest 0.86% growth. Argentina experienced a slight decline of 0.056%, while China's production rose by 0.61%. Notable growth was recorded in Nigeria (3.79%) and Germany (5.47%), while substantial decreases were observed in Moldova (-10.13%) and North Korea (-9.05%). The longer-term CAGR indicates variable regional performances with notable increases in Bulgaria and Poland.
Future trends to watch for include the potential impact of climate change on crop yields, advancements in agricultural technologies, and geopolitical factors affecting farm output and trade dynamics. Emerging markets in Africa and Eastern Europe may witness higher growth due to increasing investments and technological adoption.
Top countries in Soybeans Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 128,270 | 2023 | +1.88% | +1.7% | View data |
| 2 | 2 United States | 125,770 | 2023 | +0.85% | +0.86% | View data |
| 3 | 3 Argentina | 37,680 | 2023 | -2.83% | -0.056% | View data |
| 4 | 4 China | 14,630 | 2023 | +1.04% | +0.61% | View data |
| 5 | 5 India | 14,320 | 2023 | +1.72% | +0.76% | View data |
| 6 | 6 Paraguay | 11,220 | 2023 | +0.8% | +0.32% | View data |
| 7 | 7 Canada | 8,020 | 2023 | +1.4% | +1.57% | View data |
| 8 | 8 Russia | 4,530 | 2023 | +2.79% | +2.38% | View data |
| 9 | 9 Ukraine | 4,520 | 2023 | +0.85% | +0.25% | View data |
| 10 | 10 Bolivia | 2,920 | 2023 | +0.1% | -0.14% | View data |
