By the numbers: Breaking down the global soybean trade
Karen Braun A discussion about global soybean exports cannot proceed without mention of Brazil or the United States, because together they fuel 85% of total shipments each year. But for U.S. exporters, the pre-trade war levels were never restored, and U.S. soy shipments to China over the last three calendar years have fallen 12% from the 2015-2017 average. About 53% of U.S. soy exports were destined for China over the last three calendar years compared with a three-year, pre-trade-war average of 59%. U.S. soy exports to the EU have also risen in recent years, though the average volumes remain slightly lower than those from Brazil. Total Brazilian soy exports are nearly 80% larger by volume than their U.S. counterparts, but both countries over the last three years exported similar volumes to destinations other than China and the EU.
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