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Who buys Canada’s soybeans? Export destinations 2024

In 2024, Canada exported $2.4 billion of soybeans (5 million tonnes), 3.1% of the world total. Its main destinations were China (22%), Iran (11%) and Japan (11%). Canada was the world’s 4th-largest exporter of soybeans.

Summary

Value
$2.4billion
Tonnes
5million tonnes
Share of world total
3.1%
World rank
4th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
China540Tonnes: 1,177,326USD per tonne: $45922.1%Sea
Iran268Tonnes: 656,628USD per tonne: $40811%Sea
Japan262Tonnes: 337,412USD per tonne: $77510.7%Sea
Algeria249Tonnes: 603,857USD per tonne: $41210.2%Sea
United States158Tonnes: 302,353USD per tonne: $5226.5%Sea
Indonesia131Tonnes: 257,542USD per tonne: $5085.4%Sea
United Kingdom80.3Tonnes: 183,365USD per tonne: $4383.3%Sea
Malaysia73.6Tonnes: 114,819USD per tonne: $6413%Sea
Bangladesh71.8Tonnes: 189,325USD per tonne: $3792.9%Sea
Turkey69.9Tonnes: 170,181USD per tonne: $4102.9%Sea
Vietnam60.9Tonnes: 110,884USD per tonne: $5492.5%Sea
Netherlands re-exports59.4Tonnes: 113,590USD per tonne: $5232.4%Sea
Italy56Tonnes: 143,633USD per tonne: $3902.3%Sea
Belgium re-exports50.6Tonnes: 123,297USD per tonne: $4112.1%Sea
Taiwan47.1Tonnes: 74,188USD per tonne: $6351.9%Sea
Thailand31.5Tonnes: 45,736USD per tonne: $6891.3%Sea
South Korea31.5Tonnes: 36,482USD per tonne: $8631.3%Sea
Portugal24.6Tonnes: 51,133USD per tonne: $4811%Sea
Egypt23.5Tonnes: 55,660USD per tonne: $4220.96%Sea
Ireland20.2Tonnes: 36,769USD per tonne: $5510.83%Sea

Trend

Who it sells to

China has been its main destination since 2021

Value in USD billions. The five largest destinations in 2024.

  • China 0.54
  • Iran 0.27
  • Japan 0.26
  • Algeria 0.25
  • United States 0.16

Source: CEPII BACI

Show the numbers
Partner19952024
China< 0.010.54
Iran00.27
Japan0.020.26
Algeria00.25
United States0.030.16

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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