The United States is the second largest soybean exporter in the world after Brazil. In 2017, US soybean exports exceeded $21 billion, and China is its main export market, accounting for more than half of US exports. Soybeans’ HS code is 1201. The US soybean exports can be divided into two categories, they are unbroken soybeans and sowed soybean seeds. Let’s take a look at a detailed analysis of US Customs Export Data 2017.
According to the analysis report released by Tradedigits, the value of soybeans exported to the world from the United States in 2017 was $21.65 billion, accounting for 37.2% of the world’s soybean exports. From 2013 to 2017, the US’s soybean exports increased generally. According to soybean export data, the export volume between 2016 and 2017 decreased by 5%. However, the country has maintained export sales for the past five years. Please refer to the table below for US soybean export statistics.
US soybean exports to countries around the world
The soybean market report shows that the United States exports soybeans to more than 60 countries around the world, including China, Mexico, the Netherlands, Japan, Indonesia, Taipei, Thailand, Pakistan and Bangladesh.
China is the largest export market for the United States. but due to the US-China trade war, China’s demand for Brazilian soybeans has risen. China has announced that it will impose a 25% tariff on a series of US products that came into effect in July 2018.
Mexico is the second largest export destination for US soybean exports, valued at $160.1 million, accounting for 7.4% of total output in 2017. US increased its soybean exports to Mexico, and exports increased by 9% between 2013 and 2017.
Soybean Exporters List in the US
Below is a list of some of the real soybean suppliers in the United States.
Ceres Commodities LLC
- Mills Bros International
- Interstate Commodities INC
- Northwest Grain
- Prairie Creek Grain
- Perdue Agribusiness LLC
- Integrated food and barge
How to get the US soybean export report?
Tradedigits publishes a US soybean export analysis report based on actual shipping records, including product type, HS code, value, quantity, and export market and so on. Subscribe US soybean export data to find the latest list of active exporters and global buyers.