globaltraffic.earth

Who buys the United States’ soybean meal? Export destinations 2024

In 2024, the United States exported $6.1 billion of soybean meal (12.8 million tonnes), 18.4% of the world total. Its main destinations were the Philippines (22%), Mexico (11%) and Colombia (10%). The United States was the world’s 3rd-largest exporter of soybean meal.

Summary

Value
$6.1billion
Tonnes
12.8million tonnes
Share of world total
18.4%
World rank
3rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Philippines1.3Tonnes: 2,339,577USD per tonne: $56821.9%Sea
Mexico0.67Tonnes: 1,677,564USD per tonne: $39811%Sea
Colombia0.63Tonnes: 1,441,676USD per tonne: $44010.5%Sea
Canada0.54Tonnes: 1,200,481USD per tonne: $4508.9%Sea
Venezuela0.3Tonnes: 709,596USD per tonne: $4174.9%Sea
Ecuador0.26Tonnes: 529,974USD per tonne: $4964.3%Sea
Guatemala0.26Tonnes: 547,257USD per tonne: $4784.3%Sea
Morocco0.22Tonnes: 458,110USD per tonne: $4703.6%Sea
Vietnam0.17Tonnes: 389,125USD per tonne: $4322.8%Sea
Honduras0.15Tonnes: 334,992USD per tonne: $4462.5%Sea
Dominican Republic0.13Tonnes: 355,516USD per tonne: $3562.1%Sea
Sri Lanka0.13Tonnes: 246,036USD per tonne: $5092.1%Sea
Japan0.12Tonnes: 169,839USD per tonne: $6951.9%Sea
Panama0.1Tonnes: 219,530USD per tonne: $4401.6%Sea
El Salvador0.09Tonnes: 193,591USD per tonne: $4641.5%Sea
Indonesia0.07Tonnes: 147,263USD per tonne: $4961.2%Sea
United Kingdom0.07Tonnes: 143,660USD per tonne: $4881.2%Sea
Nicaragua0.07Tonnes: 142,245USD per tonne: $4791.1%Sea
Costa Rica0.06Tonnes: 123,653USD per tonne: $4710.96%Sea
Jamaica0.06Tonnes: 127,772USD per tonne: $4370.92%Sea

Trend

Who it sells to

The Philippines has been its main destination since 2018

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

  • Philippines 1.3
  • Mexico 0.67
  • Colombia 0.63
  • Canada 0.54
  • Venezuela 0.3

Source: CEPII BACI

Show the numbers
Partner19952024
Philippines0.121.3
Mexico0.050.67
Colombia0.040.63
Canada0.150.54
Venezuela0.040.3

Sources and methodology

Other products of this country

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.

See all products