The overall value of soya beans exports rose by an average 58.3% for all exporting countries since 2018 when soya beans shipments were valued at $59.3 billion.
Year over year, the value of globally exported soya beans increased by 24.7%.
In 2022, the top 5 soya bean exporters are Brazil, United States of America, Argentina, Canada and Uruguay. Combined, that powerful cohort of major international suppliers generated 94.7% of worldwide revenues from exported soya beans.
From a continental perspective, sellers in Latin America (56.7% of the global total) excluding Mexico but including the Caribbean sold the highest dollar worth of exported soya beans with shipments valued at $53.2 billion. In second place were North American exporters at 39.6%.
Smaller percentages for international sales of soya beans originated from Europe (2.7%), Africa (0.5%), Asia (0.4%) and Oceania (0.01%) mostly Australia.
For research purposes, the 4-digit Harmonized Tariff System code prefix for soya beans is 1201.
Soya Beans Exports by Country
Below are the 15 countries that exported the highest dollar value worth of soya beans during 2022.
- Brazil: US$46.7 billion (49.7% of exported soya beans)
- United States: $34.5 billion (36.8%)
- Argentina: $3.1 billion (3.3%)
- Canada: $2.7 billion (2.9%)
- Uruguay: $1.9 billion (2%)
- Paraguay: $1.2 billion (1.3%)
- Ukraine: $865.4 million (0.9%)
- Russia: $455 million (0.5%)
- Netherlands: $380.5 million (0.4%)
- Bolivia: $334.5 million (0.4%)
- South Africa: $167.1 million (0.2%)
- China: $139.4 million (0.1%)
- Romania: $125.6 million (0.1%)
- Croatia: $106.7 million (0.1%)
- France: $101.6 million (0.1%)
By value, the listed 15 countries shipped 98.9% of soya beans exported in 2022.
Among the top shippers, the fastest-growing exporters of soya beans were: Paraguay (up 8,100% from 2021), Bolivia (up 654.1%), South Africa (up 541.1%) and Uruguay (up 115.4%).
A pair of major suppliers posted declines in their exported soya beans sales, namely: Netherlands (down -36.3% from 2021) and Croatia (down -18.6%).
Countries Generating Greatest Surpluses Trading Soya Beans
The following countries posted the highest positive net exports for soya beans during 2022. 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$46.5 billion (net export surplus up 21.5% since 2021)
- United States of America: $34 billion (up 25.6%)
- Canada: $2.3 billion (up 5.7%)
- Uruguay: $1.9 billion (up 125.5%)
- Paraguay: $1.2 billion (reversing a -$1.5 million deficit)
- Argentina: $1 billion (up 1447.8%)
- Ukraine: $864.5 million (up 43.1%)
- Bolivia: $332.2 million (up 701.5%)
- South Africa: $163.8 million (reversing a -$5.2 million deficit)
- Croatia: $94.7 million (down -24.1%)
- Togo: $61 million (up 210.9%)
- Ethiopia: $44.6 million (up 4.1%)
- Tanzania: $29.9 million (down -55.3%)
- Ghana: $28.9 million (up 12%)
- Slovakia: $26.7 million (down -29.7%)
World leader 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 2022. 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$61.1 billion (net export deficit up 14.3% since 2021)
- Mexico: -$2.61 billion (up 2.9%)
- Japan: -$2.6 billion (up 25.1%)
- Germany: -$2.16 billion (up 12.1%)
- Egypt: -$2.15 billion (down -0.2%)
- Spain: -$2.05 billion (up 1.3%)
- Thailand: -$2.02 billion (down -11.3%)
- Türkiye: -$1.96 billion (up 40%)
- Taiwan: -$1.86 billion (up 24.3%)
- Iran: -$1.63 billion (up 12.1%)
- Indonesia: -$1.62 billion (up 9.3%)
- Italy: -$1.37 billion (up 5.1%)
- Netherlands: -$1.28 billion (down -20%)
- Vietnam: -$1.13 billion (down -3.9%)
- Bangladesh: -$1.1 billion (up 9.4%)
The People’s Republic of 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.
- Alpro (Belgium)
- Earth’s Own Food Company (Canada)
- Eden Foods Inc (United States)
- Sahmyook Foods (South Korea)
- Somenoya (Japan)
Searchable List of Soya Beans Exporting Countries in 2022
The 100 countries in the following automated database accounted for 99.99999% of globally exported soyabeans during 2022.
| Rank | Exporter | Soya Bean Exports | 2021-2 |
|---|---|---|---|
| 1. | Brazil | $46,664,334,000 | +20.8% |
| 2. | United States | $34,489,756,000 | +25.5% |
| 3. | Argentina | $3,071,218,000 | +14.1% |
| 4. | Canada | $2,706,001,000 | +9.8% |
| 5. | Uruguay | $1,922,543,000 | +115.4% |
| 6. | Paraguay | $1,226,849,000 | +8100% |
| 7. | Ukraine | $865,428,000 | +42.8% |
| 8. | Russia | $454,999,000 | +11.5% |
| 9. | Netherlands | $380,528,000 | -36.3% |
| 10. | Bolivia | $334,479,000 | +654.1% |
| 11. | South Africa | $167,083,000 | +541.1% |
| 12. | China | $139,446,000 | +63.9% |
| 13. | Romania | $125,574,000 | +20.5% |
| 14. | Croatia | $106,748,000 | -18.6% |
| 15. | France | $101,638,000 | +30.3% |
| 16. | Belgium | $98,563,000 | -8.2% |
| 17. | Hungary | $87,777,000 | +63.9% |
| 18. | Türkiye | $86,904,000 | +40.8% |
| 19. | Austria | $79,469,000 | +14.9% |
| 20. | Togo | $76,615,000 | +284.6% |
| 21. | Slovakia | $62,056,000 | +17.3% |
| 22. | Poland | $58,803,000 | +828.5% |
| 23. | India | $50,343,000 | +151.9% |
| 24. | Ethiopia | $44,714,000 | +3.3% |
| 25. | Nigeria | $39,696,000 | +319.6% |
| 26. | Germany | $36,992,000 | +84.9% |
| 27. | Tanzania | $32,740,000 | -56.6% |
| 28. | Ghana | $30,853,000 | +12.7% |
| 29. | Kazakhstan | $29,858,000 | +88.9% |
| 30. | Malawi | $25,762,000 | -76.5% |
| 31. | Italy | $21,677,000 | -26.1% |
| 32. | Czech Republic | $20,751,000 | +72.1% |
| 33. | Mozambique | $18,950,000 | -21.5% |
| 34. | United Arab Emirates | $15,538,000 | +6806% |
| 35. | Australia | $12,855,000 | +89.4% |
| 36. | Zambia | $12,355,000 | -43.7% |
| 37. | Burkina Faso | $9,736,000 | +19.5% |
| 38. | Benin | $8,841,000 | -9.3% |
| 39. | Sudan | $7,974,000 | +160% |
| 40. | Indonesia | $7,814,000 | +1054% |
| 41. | Chile | $7,666,000 | -46.7% |
| 42. | Malaysia | $7,638,000 | +26.6% |
| 43. | Djibouti | $7,178,000 | +106.7% |
| 44. | Serbia | $7,105,000 | -84.2% |
| 45. | Slovenia | $6,744,000 | +146% |
| 46. | Latvia | $5,797,000 | +13702% |
| 47. | Bosnia/Herzegovina | $5,377,000 | -12.5% |
| 48. | Moldova | $4,459,000 | +32.5% |
| 49. | Portugal | $4,318,000 | -27.1% |
| 50. | Spain | $3,396,000 | -42.7% |
| 51. | Zimbabwe | $3,236,000 | +883.6% |
| 52. | Uganda | $3,001,000 | -64.6% |
| 53. | Denmark | $2,673,000 | +84.3% |
| 54. | Nicaragua | $1,400,000 | +5733% |
| 55. | Mexico | $1,264,000 | +321.3% |
| 56. | Singapore | $978,000 | +134.5% |
| 57. | Lithuania | $767,000 | -75.9% |
| 58. | United Kingdom | $760,000 | +30.1% |
| 59. | Hong Kong | $620,000 | +2.8% |
| 60. | Greece | $601,000 | -21.4% |
| 61. | Thailand | $570,000 | -3.4% |
| 62. | Madagascar | $524,000 | -33.9% |
| 63. | Sweden | $461,000 | +43.6% |
| 64. | Japan | $433,000 | +47.8% |
| 65. | Ivory Coast | $417,000 | +53.9% |
| 66. | Ireland | $388,000 | +193.9% |
| 67. | Bulgaria | $346,000 | -48.1% |
| 68. | Tonga | $272,000 | 0% |
| 69. | Vietnam | $223,000 | -85.6% |
| 70. | Peru | $214,000 | +1159% |
| 71. | South Korea | $200,000 | -39.2% |
| 72. | Myanmar | $168,000 | -90.5% |
| 73. | Guatemala | $142,000 | +19.3% |
| 74. | Pakistan | $129,000 | -37.7% |
| 75. | Switzerland | $89,000 | -49.7% |
| 76. | Taiwan | $82,000 | -14.6% |
| 77. | Iran | $79,000 | -57.1% |
| 78. | Ecuador | $70,000 | +84.2% |
| 79. | Sri Lanka | $70,000 | +6.1% |
| 80. | Belarus | $56,000 | -53.3% |
| 81. | Laos | $30,000 | -97.8% |
| 82. | Egypt | $30,000 | -55.2% |
| 83. | Estonia | $24,000 | -25% |
| 84. | Bangladesh | $21,000 | -99.8% |
| 85. | Belize | $13,000 | 0% |
| 86. | Luxembourg | $13,000 | -45.8% |
| 87. | Bahrain | $8,000 | +300% |
| 88. | Cambodia | $8,000 | -46.7% |
| 89. | Eswatini | $7,000 | -74.1% |
| 90. | Kyrgyzstan | $7,000 | -87.7% |
| 91. | Nepal | $6,000 | 0% |
| 92. | Norway | $6,000 | -40% |
| 93. | Angola | $6,000 | 0% |
| 94. | Kenya | $6,000 | -98.4% |
| 95. | Honduras | $5,000 | 0% |
| 96. | Guinea | $5,000 | +66.7% |
| 97. | Democr. Rep. Congo | $5,000 | +400% |
| 98. | Philippines | $3,000 | 0% |
| 99. | Uzbekistan | $2,000 | 0% |
| 100. | Brunei Darussalam | $2,000 | -96.9% |
Focusing on these 100 exporters, the fastest growers were Latvia (up 13,702% from 2021), Paraguay (up 8,100%), United Ara Emirates (up 6,806%), Nicaragua (up 5,733%), Peru (up 1,159%) then Indonesia (up 1,054%).
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 2021 to 2022. A value of 0% in that column means no 2021 data was available.
Average Prices for Major Soya Beans Exporters
Worldwide, the average unit price for exported soya beans is $597 per ton for 2022. That dollar amount results from a 23.6% increase from $483 per ton one year earlier in 2021.
Below you will find the average unit prices for some of the top exporters of soya beans by value. The countries are listed starting with competitors that generate the highest international sales of exported soya beans.
- Brazil: $591 per ton of exported soya beans (up 31.6% from 2021)
- United States: $602 per ton (up 16%)
- Argentina: $593 per ton (up 13.6%)
- Canada: $632 per ton (up 16.2%)
- Uruguay: $627 per ton (up 23.7%)
- Paraguay: $540 per ton (down -35.4%)
- Ukraine: $433 per ton (down -21.6%)
- Russia: $584 per ton (up 40.7%)
- Netherlands: $732 per ton (up 21%)
- Bolivia: $554 per ton (up 8.4%)
- South Africa: $704 per ton (up 6.2%)
- mainland China: $1,169 per ton (up 1.2%)
- Romania: $721 per ton (up 15%)
- Croatia: $690 per ton (down -1.8%)
- France: $802 per ton (up 9.4%)
The lowest average prices among the listed exporters belong to suppliers in Ukraine, Paraguay, Bolivia, Russia and world leader Brazil. Each of those top suppliers sold soya beans more economically than the global average of $597 per ton of shipped soya beans.
The most expensive exporters of soya beans are mainland China, France, Netherlands, Romania and South Africa.
The highest rates of inflation from 2021 to 2022 were charged by top soya beans exporters in Croatia (up 65%), Malawi (up 62.4%), Argentina (up 51.7%), Romania (up 46.4%), Belgium (up 45.9%) and Paraguay (up 45.1%).
See also Best Tofu Exports by Sales, Average Unit Prices & Weight, Wine Exports by Country, Rice Exports by Country, Wheat Exports by Country and Barley Exports by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on August 5, 2023
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on August 5, 2023
International Trade Centre, Trade Map. Accessed on August 5, 2023
Investopedia, Net Exports Definition. Accessed on August 5, 2023
Wikipedia, List of vegetarian and vegan companies. Accessed on August 5, 2023
