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Who buys the United States’ soybeans? Export destinations 2024

In 2024, the United States exported $23.2 billion of soybeans (45.7 million tonnes), 28.9% of the world total. China bought 53% of the total, followed by Indonesia (5%) and Japan (5%). The United States was the world’s 2nd-largest exporter of soybeans.

Summary

Value
$23.2billion
Tonnes
45.7million tonnes
Share of world total
28.9%
World rank
2nd
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
China12.3Tonnes: 23,726,591USD per tonne: $51752.8%Sea
Indonesia1.2Tonnes: 2,401,790USD per tonne: $5205.4%Sea
Japan1.2Tonnes: 2,076,912USD per tonne: $5895.3%Sea
Mexico1.2Tonnes: 2,993,346USD per tonne: $4075.3%Sea
Germany1.1Tonnes: 2,376,300USD per tonne: $4614.7%Sea
Egypt1.1Tonnes: 2,012,331USD per tonne: $5254.6%Sea
Spain0.68Tonnes: 1,408,394USD per tonne: $4832.9%Sea
Taiwan0.49Tonnes: 864,232USD per tonne: $5722.1%Sea
Vietnam0.49Tonnes: 1,069,615USD per tonne: $4572.1%Sea
South Korea0.38Tonnes: 582,124USD per tonne: $6551.6%Sea
Bangladesh0.35Tonnes: 723,233USD per tonne: $4821.5%Sea
Italy0.35Tonnes: 706,448USD per tonne: $4931.5%Sea
Netherlands re-exports0.3Tonnes: 627,217USD per tonne: $4801.3%Sea
Thailand0.23Tonnes: 434,480USD per tonne: $5381%Sea
Turkey0.23Tonnes: 467,638USD per tonne: $4860.98%Sea
Colombia0.21Tonnes: 443,810USD per tonne: $4750.91%Sea
Malaysia0.2Tonnes: 394,169USD per tonne: $5000.85%Sea
Portugal0.18Tonnes: 410,702USD per tonne: $4370.77%Sea
Algeria0.12Tonnes: 223,185USD per tonne: $5330.51%Sea
Canada0.12Tonnes: 236,747USD per tonne: $4950.5%Sea

Trend

Who it sells to

China has been its main destination since 2000

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

  • China 12.3
  • Indonesia 1.2
  • Japan 1.2
  • Mexico 1.2
  • Germany 1.1

Source: CEPII BACI

Show the numbers
Partner19952024
China0.0412.3
Indonesia0.121.2
Japan1.11.2
Mexico0.541.2
Germany0.521.1

Sources and methodology

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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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