Global Soybean Production, Forecast 2021-2030 by Country

In 2023, Brazil leads global soybean production at 152.81 million metric tons, followed by the USA with 127.51 million metric tons. Argentina trails behind significantly at 58.62 million metric tons. While Brazil and the USA are the dominant producers, China's production lags at 19.76 million metric tons despite its substantial consumption needs. India, Canada, and Russia contribute modestly alongside Ukraine. Countries like Indonesia, Mexico, and Japan produce less than half a million metric tons each, highlighting stark production disparities.

Future trends to monitor include Brazil's potential to widen its lead through agricultural innovations and expanding arable land. The USA's ability to maintain second place relies on technological advancements and market conditions. Meanwhile, Argentina's production growth is sensitive to economic and environmental challenges. Efforts by countries like China and India to boost self-sufficiency could disrupt traditional exporters' market shares. Climate change impacts and geopolitical shifts remain critical influencers of global soybean production and distribution patterns.