The global soybean trade balance shows significant disparities among countries. The United States is the largest net exporter with a recent value of 51.78 million metric tons, marking a projected growth rate — stable since 2019. In contrast, countries such as Chile, the UK, Egypt, and Mexico display significant trade deficits, with Mexico having the largest import need at -4.5 million metric tons. Australia's trade balance remains stable with minimal changes.
Future trends to watch: The U.S. dominance in exports is expected to continue, while import-dependent countries may look for alternative sources or bolster domestic production to alleviate deficits. Environmental policies and technological advancements could also affect these dynamics by 2028.
Top countries in Soybean Trade Balance, Forecast 2019-2028 by Country
| # | 6 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 51,780 | 2028 | +1.47% | +1.57% | View data |
| 2 | 2 Australia | 14.53 | 2028 | +7.49% | View data | |
| 3 | 3 Chile | -446.05 | 2028 | +0.81% | View data | |
| 4 | 4 United Kingdom | -746.56 | 2028 | 0% | View data | |
| 5 | 5 Egypt | -3,410 | 2028 | +1.34% | View data | |
| 6 | 6 Mexico | -4,500 | 2028 | +1.05% | View data |
