Oilseeds
U.S. Oilseeds Exports in 2023
Total Export Value
$37.02 Billion
Total Volume (Millions)
63.63 Metric Tons
3-Year Average
$38.97 Billion
Compound Average Growth
1.4% (2014-2023)
| Market | Total Value (USD) |
|---|---|
| China | $15.11 Billion |
| European Union | $4.12 Billion |
| Mexico | $4 Billion |
| Japan | $1.51 Billion |
| Indonesia | $1.35 Billion |
| Canada | $1.35 Billion |
| Philippines | $1.34 Billion |
| Colombia | $988.67 Million |
| Vietnam | $658.5 Million |
| Taiwan | $647.57 Million |
Data and Analysis
The Government of Vietnam (GVN) issued Decree 144/2024/ND-CP on November 1, 2024, lowering Most-Favored-Nation (MFN) tariff rates on soybean meal to one percent from two percent. The Decree will enter into force on December 16, 2024.
Bolivia announced on October 19 the approval of Intacta, a new biotech soybean variety with insect resistant Bt and glyphosate resistant traits. Intense drought and more unpredictable weather are disrupting Bolivian farmer livelihoods and they see the Intacta approval as one helpful step towards improved crop productivity and environmental resilience.
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds.
News and Features
Private exporters reported sales of 198,000 MT of soybeans for delivery to unknown destinations during MY 2024/2025.
Private exporters reported sales to China, Philippines and unknown destinations during MY 2024/2025.
Private exporters reported the following sales activities: 202,000 metric tons of soybeans for delivery to China during the 2024/2025 marketing year 226,200 metric tons of soybeans received in the reporting period for delivery to unknown destinations...
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