2024 U.S. Agricultural Export Yearbook (Part I): Soybean and Soybean Meal Export Situation

The yearbook is compiled based on trade data published by the U.S. Census Bureau under the U.S. Department of Commerce. Overseas market export data for the United States comes from national statistical agencies of the countries mentioned in the report and obtained through Trade Data Monitor. All data is as of March 1, 2025. The yearbook presents the top 14 product groups of U.S. agricultural exports in 2024, accounting for 77% of the total agricultural export volume that year; and the top 17 largest agricultural export markets, representing nearly 83% of U.S. agricultural export value for that year. This is the first part, selecting content related to U.S. soybean and soybean meal exports. Review and Outlook for U.S. Soybean Exports In 2024, U.S. soybean export volume increased to 52.2 million tons, an 8% increase; however, export value declined by 12%, reaching $24.5 billion. In 2024, exports to China accounted for 52% of total U.S. soybean exports, with China remaining the top ...