Overview In June 2024 United States' Soybeans exports accounted up to $675M and imports accounted up to $18.8M, resulting in a positive trade balance of $656M. Between June 2023 and June 2024 the exports of United States' Soybeans have increased by $183M (37.1%) from $493M to $675M, while imports decreased by $-92M (-83%) from $111M to $18.8M.
Destinations In June 2024, Soybeans were exported mostly to Germany ($129M), Mexico ($127M), Egypt ($115M), Indonesia ($107M), and Japan ($60.2M), and were imported mostly from Canada ($14.5M), Chile ($1.53M), Ukraine ($714k), Uruguay ($677k), and Nigeria ($327k).
Growth In June 2024, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to China ($1.48B or 74.8%), Germany ($101M or 89.4%), and Indonesia ($86.9M or 127%). In June 2024, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Canada ($-1.83M or -24.7%), Argentina ($-409k or -64.4%), and China ($-105k or -36.1%).
