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Soybean · ranking

Top 10 Soybean Exporting Countries

The ten leading exporters of oil seeds, with soya beans the headline product, ranked from UN Comtrade. This is the most concentrated supplier list in the grain and oilseed group, and the notes explain why.

#MarketValueVolumeYear
1Brazil$43.8B—2024
2United States$30.0B—2024
3Canada$8.0B—2024
4Netherlands$4.0B—2024
5Australia$4.0B—2024
6China$3.6B—2024
7Paraguay$3.4B—2024
8Ukraine$3.4B—2024
9Argentina$3.1B—2024
10France$2.6B—2024

Read the ranking correctly

Ranking is for the whole of HS chapter 12 (oil seeds and oleaginous fruits), reporter-declared, latest year available per market. Source: UN Comtrade.

One supplier, one challenger, then a long tail

Brazil is first at $43.8B and the United States second at $30.0B. Canada is third at $8.0B, so the distance between second and third is larger than the whole value of most other entries on the list. The ten together account for 81.8% of the value declared by 96 markets, which is a very high concentration.

For a buyer, that means supply is effectively a two-origin decision at scale, with the others serving regional or niche demand. Netherlands and Australia both show $4.0B, and Paraguay and Ukraine both show $3.4B, so those pairs are ties.

Chapter 12 is wider than soya beans

The ranking uses HS chapter 12, oil seeds and oleaginous fruits, while soya beans are heading 1201. Other seeds, such as rapeseed and sunflower seed, also count toward these values, so a country can rank here partly on something else. Chapter scope is stated once because it changes how far you can trust a row.

Some rows also reflect transhipment. A European port country may declare beans that arrived from overseas and left again, and China’s presence as an exporter in a ranking of this kind is a good reminder to check what is being shipped.

Using the ranking to buy, sell or benchmark

A buyer can use the list to see which origins are available in size, then search shipment records under heading 1201 to see who actually loads the beans, in what quantities and to which destinations. A smaller supplier can check which exporters it will be compared with and which regional destinations are underserved.

Agree the specification, quality inspection method, delivery term and payment security in writing, and confirm current plant-health and biosecurity requirements with the authorities of both countries. Reporter years can differ, so lead time in data matters.

Questions

Which country exports the most soybeans?

Brazil is first at $43.8B, followed by the United States at $30.0B. The figure is for all of HS chapter 12, which includes other oil seeds, so soya beans are the main but not the only content.

How concentrated is soybean exporting?

Very. The ten listed countries hold 81.8% of the value declared across the 96 markets in the dataset, and the top two dominate that share.

Why is a transit country like the Netherlands on the list?

Trading gateways declare goods that arrive and leave again. Their exports may be re-exports and not local crops, so the ranking of such countries should be read with that in mind.

How can I find soybean suppliers?

Search customs shipment records for heading 1201 in the origin country, and read the exporter names, quantities and destinations. Then compare specifications and delivery terms.