The global export landscape for soya beans is dominated by Brazil and the United States, with Brazil taking the lead with a significant export value of $38.75 billion in 2023. Year-on-year, Brazil’s exports increased by 3.15%, affirming its supremacy. The United States follows with an export value of $19.71 billion, marking a 2.8% increase. Notably, countries like Ukraine and Romania saw impressive year-on-year growth of 6.15% and 9.21% respectively, while Canada and Argentina faced declines of 3.24% and 2.48%. Zambia exhibited a remarkable year-on-year growth of 35.4%, and Macedonia's export surged by 71.78%.
Future trends to watch in the global soya beans market include potential shifts due to climate change impact on yield, trade policy adjustments, and innovations in agricultural technology. Moreover, rising demand from Asian markets such as China could reshape export dynamics and further boost exports from dominant players like Brazil and the United States.
Top countries in Export of Soya Beans by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 38,753,000,000 | 2023 | +4.06% | +3.15% | View data |
| 2 | 2 United States | 19,706,000,000 | 2023 | +0.89% | +2.8% | View data |
| 3 | 3 Paraguay | 2,520,700,000 | 2023 | +2.65% | +2.71% | View data |
| 4 | 4 Canada | 1,884,400,000 | 2023 | +1.67% | -3.24% | View data |
| 5 | 5 Argentina | 1,223,000,000 | 2023 | -9.14% | -2.48% | View data |
| 6 | 6 Ukraine | 1,120,500,000 | 2023 | +3.66% | +6.15% | View data |
| 7 | 7 Uruguay | 670,080,000 | 2023 | -1.58% | +4.93% | View data |
| 8 | 8 Netherlands | 407,880,000 | 2023 | -1.19% | -1.04% | View data |
| 9 | 9 Russia | 356,780,000 | 2023 | +5.82% | +4.2% | View data |
| 10 | 10 India | 168,640,000 | 2023 | +4.01% | +6.57% | View data |
