Top Exporters of Soya Beans

The United States leads as the top exporter of soya beans at $22.91 billion, followed by Brazil at $19.33 billion. From 2022 to 2023, the United States experienced a moderate increase in exports, driven by strong global demand and favorable growing conditions, while Brazil’s growth was supported by expansion in planting areas and improvements in agricultural practices.

Argentina and Canada, with exports of $3.23 billion and $1.9 billion respectively, also showed stable growth. Smaller players such as Paraguay, Uruguay, the Netherlands, Russia, and China experienced slight to moderate increases, showcasing diversification in their export portfolios.

Future trends to track include potential impacts of climate change on crop yields, technological advancements in agriculture increasing production efficiency, and geopolitical factors affecting trade agreements. Additionally, rising demand in Asia, particularly from China, could shape export dynamics, favoring those countries that can quickly adapt to market needs.