Who is the top importer of US soybeans?

Who is the top importer of US soybeans?

The United States is a major producer of soybeans worldwide, with China importing the largest amount of U.S. grown soybeans of any country as of 2021. In that year, China imported nearly 14.15 billion metric tons of soybeans from the United States.

What countries buy US soybeans?

The United States has exported the most soybeans to China so far in 2022 followed by the EU-27 and Mexico. U.S. soybean exports to China are down 17% so far in 2022. China has accounted for roughly 59% of U.S. soybean exports so far in 2022.

How much soybeans are produced in the United States?

4.44 billion bushels
Soybean production for 2021 totaled a record-high 4.44 billion bushels, up 5% from 2020. With record high yields in 21 states, the average soybean yield is estimated at 51.4 bushels per acre, 0.4 bushel above 2020 and the second highest on record.

What is the full form of Ussec?

WHO WE ARE – U.S. Soybean Export Council. Europe.

Who is the largest exporter of soybeans?

This statistic shows the export share of soya beans worldwide in 2020 by leading country. In that year, Brazil was the largest exporter of soya beans worldwide, accounting for about 44.3 percent of the total global value of exports.

Who does U.S. export soybeans to?

Top 10 Export Markets for U.S. Soybeans

Top 10 Export Markets for U.S. Soybeans (values in million USD)
Country 2016 2019-2020 % Change
China 14,203 77%
EU27+UK 1,899 -1%
Mexico 1,462 1%

Why does China use so much soybeans?

But the recovery of China’s hog herd, which was devastated by African swine fever, has been the key driver of its surging appetite for soybeans, which are used in animal feed for the massive livestock sector, as well as in cooking oil.

Who is the largest producer of soybeans?

As of May 2020, Brazil overtook the United States as the leading soybean producing country with a production volume of some 138 million metric tons in 2020/21. Soybeans are among the major agricultural crops sowed in the United States, behind only corn.

Who produces the most soybeans in the US?

Leading 10 soybean producing U.S. states 2017-2021 Illinois topped the list in 2021, with over 672 million bushels produced that year. Soybeans are among the major agricultural crops planted in the United States, behind only corn.

Is China buying US soybeans?

BEIJING, March 2 (Reuters) – China bought soybeans from the United States on Tuesday as American cargoes were competitive against Brazilian shipments, despite it being the peak period for South American soy export.

What country buys the most soybeans?

Soybeans: import volume worldwide 2021/22, by country In the 2021/2022 period, around 162.76 million metric tons of soybeans were imported globally. China was by far the leading importer of soybeans, with an annual import volume of approximately 97 million metric tons in that year.

Does U.S. sell soybeans to China?

Soybeans, among the top American exports to China, also lost significant trade share against other agricultural goods last year while items like corn and beef surged up the list.