In 2023, Brazil led global soybean production, followed by the United States and Argentina. Notably, Brazil's production experienced a 2.24% increase, while the U.S. saw a decline of 2.11%. Argentina reported a significant rise of 7.6%. Other growing regions include Russia and France, both showing over 4% growth. Conversely, Vietnam and Zimbabwe experienced substantial declines at 14% and 12.47% respectively.
Looking forward, the demand for sustainable agriculture, alongside climate change impacts, may shift production patterns. Watch for technological advancements and policy changes affecting major producers like Brazil, the U.S., and Argentina, potentially altering global standings.
Top countries in Soybeans Production by Country
| # | 10 Countries | Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 131,750,000 | 2023 | +2.9% | +2.24% | View data |
| 2 | 2 United States | 108,320,000 | 2023 | +0.76% | -2.11% | View data |
| 3 | 3 Argentina | 54,513,000 | 2023 | +1.21% | +7.6% | View data |
| 4 | 4 China | 16,449,000 | 2023 | +1.08% | +0.59% | View data |
| 5 | 5 India | 13,726,000 | 2023 | +1.65% | +4.66% | View data |
| 6 | 6 Paraguay | 10,136,000 | 2023 | +1.89% | -1.7% | View data |
| 7 | 7 Canada | 7,144,200 | 2023 | +1.98% | -0.75% | View data |
| 8 | 8 Russia | 5,217,200 | 2023 | +4.46% | +5.32% | View data |
| 9 | 9 Ukraine | 4,538,100 | 2023 | +3.09% | +0.34% | View data |
| 10 | 10 Bolivia | 3,277,900 | 2023 | +2.11% | +2.19% | View data |
