U.S. Soy Exports Update
The U.S. exported about $14.9 billion worth of soy products to China in 2014, nearly $2.9 billion to Mexico, and $1.0 billion to Indonesia. Of these amounts, the majority is from whole soybean exports. Soybean meal exports primarily went to Mexico, Canada, and the Philippines. Soybean oil is also a small contributor to the value of total soy exports, with the main importers being Mexico, China, and the Dominican Republic. The map shown can be filtered to see the breakdown by country for whole soybeans, soybean oil, and soybean meal.
The graph of total U.S. historical exports (MMT) shows that soybean exports from the U.S. around the world have risen to about 62 million metric tons as of 2014/15. These values can also be viewed by whole soybeans, soybean oil, soybean meal, or the total soy exports. Please note that the 2015/16 value is an estimate at this time.
Want more news on this topic? Farm Bureau members may subscribe for a free email news service, featuring the farm and rural topics that interest them most!