Biggest Soybean Exporters & Top Producers Worldwide Key Insights for 2024-25

Key Points:

• The leading Soybean Suppliers are Pt Smoe Indonesia, Công Ty Tnhh Luxshare Ict Vi?t Nam , Pt Indonesia Epson Industry, Pt Era Bersama Indonesia And Kia India Private Limited.
• The top soybean HS Codes are 1201, 12081000 and 1208
• The biggest soybean exporters are Brazil ($53.2 billion), the United States ($28 billion), Paraguay ($3.4 billion), Canada ($2.6 billion), and Ukraine ($1.3 billion).
• Based on soybean export data, the global soybean export market was worth $1.28 billion in 2024, with 735.4 million kg of soybeans traded internationally.
• The largest soybean producers are Brazil, the United States, Argentina, China and India.

As is well known, soybeans are an important component of the world's agricultural economy and a major source of oil and protein for both human and animal consumption. Some nations have become the top producers and exporters of soybeans as the demand for these crops keeps growing. About 70% of our population is directly employed in agriculture. It takes careful planning, market research, and effective execution to increase soybean exports. 

In this blog, we explore the biggest soybean exporters and top-producing nations, along with insights into the market trends for 2024-25.

Global Soybean Production

The world produced 420.762 million metric tons of soybeans in 2024, with the United States and Brazil leading the pack, followed by Argentina, China, and India.

Also, 420.762 million metric tons (1000 MT) of soybeans were produced worldwide in 2024.

Top Soybean Producing Countries in 2024-25

The production of soybeans is concentrated in a few key regions, with some countries significantly dominating the market. Here are the top soybean producers or biggest producers of soybeans:

Now, briefly take a quick look at each of the largest soybean producers.

1. Brazil

Brazil is still the world's largest producer of soybeans, with an anticipated production of more than 160 million metric tons in 2024–2025. The nation's dominance in the market has been fueled by its large amount of arable land, ideal climate, and developments in agricultural technology.

2. United States

About 120 million metric tons of soybeans are produced in the United States, making it the second-largest producer. Soybean farming in the United States is concentrated in the Midwest, especially in states like Iowa, Illinois, and Minnesota.

3. Argentina

Third place goes to Argentina, which produces about 50 million metric tons of soybeans a year. The nation remains a major player in the global market despite variations brought on by the weather and economic difficulties.

4. China

Despite being the biggest soybean producers, China also produces about 20 million metric tons of soybeans a year. China is a major buyer in the world's soybean trade, though, because domestic production cannot keep up with demand.

5. India

India's soybean production has been steadily rising, now totaling about 13 million metric tons. India is not a significant exporter worldwide, but its output helps the country's expanding food processing sector and meets its domestic demands.

Soybean Export Data: Global Overview 2024-25

Global soybean demand is still driven by Asia, especially China and India. The need for soybeans in the production of food and animal feed is still high due to population growth and dietary changes toward foods higher in protein.

With 735.4 million kg of soybeans traded internationally in 2024, the global soybean export market was valued at $1.28 billion. According to data on soybean exports, the United States exported 315 million bushels of soybeans in 2023–2024. 

In 2023, India was the 39th largest exporter in the world, with $19.7 million worth of soybeans going to Canada, Nepal, Sri Lanka, Belgium, and Vietnam.

Now, explore the list of biggest soybean exporters.

Biggest Soybean Exporters in 2024-25

Here is the list of top soybean exporters in 2024-25.

Exporting soybeans is crucial to supplying the world's demand, especially for nations with high consumption rates like China and the EU. Let us briefly analyze the biggest soybean exporters for 2024–2025.

1. Br azil

Brazil exports more than 53.2 million metric tons of soybeans a year, making it the largest exporter in the world. Southeast Asia, the EU, and China are its main markets. It is projected that Brazil will continue to dominate in 2024–2025 with sustained investments in port infrastructure and logistics.

2. United States

The second biggest soybean exporter is the United States, which ships about 28 million metric tons of soybeans annually. Although export volumes may be impacted by trade policies and geopolitical tensions, China continues to be its largest buyer.

3. Argentina

A significant amount of Argentina's soybean production is exported, especially in processed forms like soybean oil and meal. The nation is a major supplier to the world's animal feed markets thanks to its well-established agricultural processing sector.

4. Paraguay

Despite being a minor player in comparison to the United States and Brazil, Paraguay exports about 3.4 million metric tons a year. Its robust trade relations with neighboring nations and international markets are advantageous to its soybean industry.

5. Canada

Canada exports about 2.6 million metric tons of soybeans a year, and its exports have been growing steadily. Specializing in high-quality, non-GMO soybeans, the nation primarily supplies markets in Asia and Europe.

Major Soybean HS Code

Soybeans' HS code is 12081000: The soybean HS codes are categorized here according to imports and exports.

Soybean HS code for Imports:

Soybean HS code for exports:

So, these are the top soybean HS Codes. Also, if you need the active list of the biggest Soybean exporters, importers, the world's largest producer of soybeans and soya oil, and the hs code, you can connect with the ExportImportData portal today. 

Soybean Imports by Country

Here is the list of top soybean importers:

So, these are the top soybean importers. China is one of the biggest importers of soybeans, with an import value of $59 billion. To know the updated list of soybean imports by country, 

How to find soybean buyers ?

There are various methods for obtaining a soybean buyer list. In order to obtain current and precise soybean import or export information, including HS codes, importer lists, and exporter lists and real-time product databases, please visit ExportImportData. 

At the ExportImportData platform, you can obtain real-time shipment insights on soybean importers or soybean exporters. Along with this, you can also obtain the India export-import data, product-wise HSN Codes and much more. 

Final Words!

So, the global soybean industry remains dynamic, with Brazil, the U.S., and Argentina leading both production and exports. Market participants must handle issues like trade regulations, climate change, and changing consumer preferences as demand keeps rising. Soybean-exporting countries can secure long-term success in the global market by making investments in sustainable practices and increasing supply chain efficiency.

With our comprehensive analysis of international agricultural exports, you can stay up to date on the most recent trade insights and market trends. However, if you need the most updated list of  the biggest soybean exporters, soybean imports by country, connect with our team of data experts and schedule a free live demo!