The global soybeans export market is dominated by Brazil, holding about 56.26% share in 2023, followed by the United States at 28.61%. Paraguay, Canada, and Argentina follow with much smaller shares, 3.66%, 2.74%, and 1.78% respectively. Brazil and the United States witnessed slight growth in their export shares, with year-on-year changes of 3.15% and 2.8%. Even smaller exporters like Ukraine and India saw significant increases in shares, 6.15% and 6.57% respectively. Notably, Emerging countries like Bosnia and Herzegovina and Ivory Coast displayed remarkable growth in soybean exports.
Future trends to watch include Brazil's continuing dominance and the impact of global trade dynamics and climate conditions on soybean production. Increasing demand from Asia, particularly China, may drive changes. Innovations in agriculture and trade policies could shift market shares. Market diversification and sustainability practices may also influence soybean export strategies.
Top countries in Export of Soya Beans Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 56.26 | 2023 | +4.06% | +3.15% | View data |
| 2 | 2 United States | 28.61 | 2023 | +0.89% | +2.8% | View data |
| 3 | 3 Paraguay | 3.66 | 2023 | +2.65% | +2.71% | View data |
| 4 | 4 Canada | 2.74 | 2023 | +1.67% | -3.24% | View data |
| 5 | 5 Argentina | 1.78 | 2023 | -9.14% | -2.48% | View data |
| 6 | 6 Ukraine | 1.63 | 2023 | +3.66% | +6.15% | View data |
| 7 | 7 Uruguay | 0.97 | 2023 | -1.58% | +4.93% | View data |
| 8 | 8 Netherlands | 0.59 | 2023 | -1.19% | -1.04% | View data |
| 9 | 9 Russia | 0.52 | 2023 | +5.82% | +4.2% | View data |
| 10 | 10 India | 0.24 | 2023 | +4.01% | +6.57% | View data |
