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Soya Beans Exports by Country Plus Average Prices

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Global sales from soya beans (also spelled soybeans or soyabeans) exports from all countries totaled US$79.7 billion in 2024.

The overall value of soya beans exports increased by an average 24.8% for all exporting countries from 5 years earlier in 2020 when soya beans shipments were valued at $63.8 billion.

Year over year, the value of globally exported soya beans fell by -14.8% starting from $93.5 billion in 2023.

In 2024, the top 5 soya bean exporters are Brazil, United States of America, Paraguay, Canada and Argentina. Combined, that leading cohort of major international suppliers generated 94.1% of worldwide revenues from exported soya beans.

From a continental perspective, sellers in Latin America (61.8% of the global total) excluding Mexico but including the Caribbean sold the highest dollar worth of exported soya beans with shipments valued at $49.2 billion. In second place were exporters located in North America at 34%.

Smaller percentages for international sales of soya beans originated from Europe (3.4%), Africa (0.6%), Asia (0.2%) and Oceania (0.01%) mostly Australia.

For research purposes, the 4-digit Harmonized Tariff System code prefix for soya beans is 1201.

Below are the 15 countries that exported the highest dollar value worth of soya beans during 2024.

Brazil: US$42.9 billion (53.9% of exported soya beans)
United States: $24.6 billion (30.8%)
Paraguay: $3.2 billion (4%)
Canada: $2.5 billion (3.1%)
Argentina: $1.8 billion (2.3%)
Ukraine: $1.3 billion (1.7%)
Uruguay: $1.2 billion (1.5%)
Russia: $357.6 million (0.4%)
Netherlands: $233.4 million (0.3%)
Nigeria: $167.7 million (0.2%)
Croatia: $119 million (0.1%)
Romania: $117.5 million (0.1%)
Austria: $98.5 million (0.1%)
Bolivia: $81.1 million (0.1%)
Hungary: $76.3 million (0.1%)

By value, the listed 15 countries shipped 98.9% of globally exported soya beans in 2024.

Among the top exporters, the fastest-growing soya beans exporters from 2023 to 2024 were: Uruguay (up 191.4%), Argentina (up 90.2%), Romania (up 42%) and Ukraine (up 4.8%).

Those countries that posted declines in their exported soya beans sales were led by: Bolivia (down -63.4% from 2023), Russia (down -52%), Nigeria (down -32.9%), Hungary (down -23%) and Brazil (down -19.3%).

The 100 countries in the following automated database accounted for 99.99996% of globally exported soyabeans during 2024.

RankExporterSoya Bean Exports2023-4

1.	Brazil	$42,949,764,000	-19.3%
2.	United States	$24,570,059,000	-12.3%
3.	Paraguay	$3,170,257,000	-7.4%
4.	Canada	$2,506,094,000	-5.2%
5.	Argentina	$1,804,681,000	+90.2%
6.	Ukraine	$1,342,558,000	+4.8%
7.	Uruguay	$1,205,824,000	+191.4%
8.	Russia	$357,641,000	-52%
9.	Netherlands	$233,416,000	-16.5%
10.	Nigeria	$167,675,000	-32.9%
11.	Croatia	$119,023,000	+3.5%
12.	Romania	$117,517,000	+42%
13.	Austria	$98,516,000	-0.7%
14.	Bolivia	$81,107,000	-63.4%
15.	Hungary	$76,302,000	-23%
16.	Belgium	$73,802,000	+14.3%
17.	Poland	$73,536,000	+62.9%
18.	South Africa	$70,969,000	-81.8%
19.	Benin	$69,546,000	-24.1%
20.	mainland China	$67,331,000	-20%
21.	Ethiopia	$64,678,000	-50.3%
22.	France	$59,802,000	-31.5%
23.	Slovakia	$57,081,000	-9.8%
24.	Ghana	$55,696,000	+68.6%
25.	Türkiye	$35,347,000	-32.5%
26.	Germany	$26,764,000	+11.7%
27.	Czech Republic	$24,860,000	-4.5%
28.	Italy	$24,587,000	+17.6%
29.	Togo	$23,961,000	-59.5%
30.	Kazakhstan	$15,819,000	-31.4%
31.	Zambia	$10,659,000	-74.3%
32.	United Arab Emirates	$9,412,000	+1276%
33.	Malaysia	$7,760,000	+4%
34.	Malawi	$7,386,000	-81.1%
35.	Cambodia	$7,328,000	-27.9%
36.	Slovenia	$6,787,000	+72.3%
37.	Chile	$6,482,000	-24.9%
38.	Uganda	$6,349,000	-60.1%
39.	Serbia	$5,813,000	+29.1%
40.	Portugal	$4,743,000	+2.5%
41.	India	$4,474,000	-75.3%
42.	Denmark	$4,441,000	+78.9%
43.	Australia	$4,393,000	-13.9%
44.	Sudan	$4,391,000	-48.9%
45.	Tanzania	$4,039,000	-92.3%
46.	Mozambique	$3,886,000	-91.8%
47.	Burkina Faso	$3,757,000	-64.1%
48.	Spain	$3,051,000	-17.9%
49.	Nicaragua	$3,002,000	+8239%
50.	Bosnia/Herzegovina	$2,576,000	-47.1%
51.	Syria	$1,937,000	+2416%
52.	Azerbaijan	$1,890,000	-0.1%
53.	Lithuania	$1,590,000	+161.9%
54.	United Kingdom	$1,542,000	-20.1%
55.	Greece	$1,260,000	+52.2%
56.	Ivory Coast	$1,161,000	+59.7%
57.	Indonesia	$1,098,000	-5.7%
58.	Ireland	$930,000	-10%
59.	Singapore	$805,000	+185.5%
60.	Mexico	$740,000	0%
61.	Hong Kong	$570,000	-0.7%
62.	Estonia	$567,000	+302.1%
63.	Sweden	$518,000	+0.4%
64.	Mali	$483,000	+29.8%
65.	Moldova	$413,000	-98%
66.	Japan	$310,000	-15.8%
67.	Thailand	$225,000	-36.8%
68.	Eswatini	$223,000	+12.1%
69.	Switzerland	$175,000	+23.2%
70.	Angola	$145,000	0%
71.	Vietnam	$132,000	-97.5%
72.	Pakistan	$125,000	-99.7%
73.	Taiwan	$115,000	+33.7%
74.	Qatar	$109,000	0%
75.	Sri Lanka	$89,000	+41.3%
76.	Uzbekistan	$88,000	+2833%
77.	Guatemala	$81,000	+62%
78.	Norway	$80,000	+31.1%
79.	Iran	$76,000	+406.7%
80.	Latvia	$67,000	-97.8%
81.	Somalia	$66,000	0%
82.	South Korea	$59,000	-58.2%
83.	Laos	$58,000	+132%
84.	Zimbabwe	$52,000	-45.8%
85.	New Zealand	$51,000	0%
86.	Nepal	$42,000	+55.6%
87.	Ecuador	$31,000	-13.9%
88.	Senegal	$30,000	0%
89.	Egypt	$23,000	+43.8%
90.	Burundi	$20,000	0%
91.	Myanmar	$18,000	-73.5%
92.	Morocco	$18,000	+1700%
93.	Bulgaria	$16,000	-54.3%
94.	Finland	$15,000	0%
95.	Lebanon	$13,000	0%
96.	Israel	$13,000	-96.4%
97.	Luxembourg	$12,000	-75%
98.	Peru	$10,000	-98.5%
99.	North Macedonia	$10,000	+233.3%
100.	Democratic Republic Congo	$10,000	0%

Focusing on these 100 exporters, the fastest growers were Nicaragua (up 8,239% from 2023), Uzbekistan (up 2,833%), Syria (up 2,416%), Morocco (up 1,700%) then the United Arab Emirates (up 1,276%).

You can change the presentation order by clicking the triangle icon at the top of the columns.

The right-most column showcases the percentage increase in the value of exported soya beans from 2023 to 2024. A value of 0% in that column means no 2023 data was available.

Average Prices for Major Soya Beans Exporters

Worldwide, the average unit price for exported soya beans was US$447 per ton for 2024. That dollar amount results from a -16.3% decline from the average $534 per ton one year earlier in 2023.

Below you will find the average unit prices for leading exporters of soya beans by value. The countries are listed starting with competitors that generate the highest international sales of exported soya beans.

Brazil: $435 per ton of exported soya beans (down -16.8% from 2023)
United States: $470 per ton (down -18.3%)
Paraguay: $397 per ton (down -24.7%)
Canada: $492 per ton (down -16.6%)
Argentina: $436 per ton (down -21.2%)
Ukraine: $392 per ton (up 6.8%)
Uruguay: $429 per ton (down -19.7%)
Russia: $500 per ton (down -7.1%)
Netherlands: $512 per ton (down -18.2%)
Nigeria: $567 per ton (up 406.3%)
Croatia: $501 per ton (down -2.5%)
Romania: $527 per ton (down -15.4%)
Austria: $774 per ton (down -17.6%)
Bolivia: $401 per ton (down -17%)
Belgium: $586 per ton (down -19.9%)

The lowest average prices among the listed exporters belong to suppliers in Ukraine, Paraguay, Bolivia, Uruguay and world-leading soya bean seller Brazil. Each of those top suppliers sold soya beans more economically than the global average of $447 per ton of shipped soya beans.

The most expensive exporters of soya beans are those located in Austria, Belgium, Nigeria, Romania and the Netherlands.

Countries Generating Greatest Surpluses Trading Soya Beans

The following countries posted the highest positive net exports for soya beans during 2024. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported soya beans and its import purchases for that same commodity.

Brazil: US$42.6 billion (net export surplus down -19.8% since 2023)
United States: $24.2 billion (down -12.1%)
Paraguay: $3.2 billion (down -7.4%)
Canada: $2.3 billion (down -1.6%)
Ukraine: $1.3 billion (up 4.7%)
Uruguay: $1.2 billion (up 207.9%)
Nigeria: $138.9 million (down -43.9%)
Croatia: $105.8 million (up 5.3%)
Bolivia: $79.9 million (down -63.5%)
Benin: $69.5 million (down -23.3%)
Ethiopia: $64.7 million (down -50.3%)
Ghana: $55.1 million (up 67.5%)
Romania: $50 million (reversing a -$12.1 million deficit)
South Africa: $47.8 million (down -87.7%)
Slovakia: $36.7 million (down -8.2%)

Brazil earned the highest surplus in the international trade of soya beans. In turn, this positive cashflow confirms Brazil’s strong competitive advantage for this specific product category.

Countries Causing Worst Deficits Trading Soya Beans

The following countries posted the highest negative net exports for soya beans during 2024. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported soya beans purchases and its exports for that same commodity.

mainland China: -US$52.8 billion (net export deficit down -12.6% since 2023)
Egypt: -$1.99 billion (up 19.9%)
Thailand: -$1.94 billion (down -3.4%)
Japan: -$1.9 billion (down -14%)
Germany: -$1.79 billion (down -8.6%)
Türkiye: -$1.73 billion (up 8.6%)
Spain: -$1.66 billion (down -12.9%)
Mexico: -$1.64 billion (down -30.7%)
Argentina: -$1.43 billion (down -69.5%)
Indonesia: -$1.4 billion (down -4.9%)
Taiwan: -$1.3 billion (down -16.7%)
Italy: -$1.2 billion (down -10.1%)
Iran: -$1.1 billion (down -44.9%)
Vietnam: -$1 billion (down -10%)
Netherlands: -$966.9 million (down -12.1%)

Highly populated China continues to the highest deficit in the international trade of soya beans. In turn, this negative cashflow highlights strong Chinese competitive disadvantage for this specific product category but also signals opportunities for soya beans-supplying countries that help satisfy the powerful demand.

Soya-based Products Export Companies

Below are global vegetarian and vegan firms that are players engaged in the international trade of soya-based goods. The home country for each company is shown within parenthesis.