US Soybean Exports | List of Soybeans Exporters in the USA

US Soybean exports were valued at $28 billion in 2023 worldwide with a decline of 19% from the previous year. The total export quantity of USA Soybeans in 2023 was 48.71 million tons. With its fertile lands, advanced technology, and strategic trade partnerships, the USA has become a main player in the global soybean market. 

• Some of the top Soybean exporters in the USA include Cargill Inc., Archer Daniels Midland, Bunge Limited, and Louis Dreyfus Company.

• There are a total of 1600+ active soybean exporters in the USA supplying 1500+ active soybean buyers globally.

• According to the latest US Export Data, the USA soybean export shipments have reached 897K in 2023-24.

• The 4-digit HS code for Soybeans is 1201, used internationally to classify and monitor soybean trade activities.

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List of the Top 10 Soybean Exporters in the USA

As per our latest live insights database, there are around 1600+ active soybean exporters in the USA. Here is a list of the top 10 USA soybean exporter companies in 2023, that play a major role in US soybean exports:

1. Cargill, Inc.

It is a major global agribusiness company, leading in soybean exports. Cargill is the biggest Soybean exporter in the USA, exporting high-quality soybeans globally.

• Soybean export revenue: $25 billion

• Active export shipments: 80+

• Export quantity: 12.6 million tons

• Headquarters: Minneapolis, Minnesota

2. Archer Daniels Midland (ADM)

Archer Daniels Midland is a global leader in food processing and commodities trading. It exports fine and delicious soybeans around the world.

• Soybean export revenue: $18 billion

• Active export shipments: 75+

• Export quantity: 10 million tons

• Headquarters: Chicago, Illinois

3. Bunge Limited

Bunge Limited is a multinational agribusiness specializing in oilseeds and grains. It is another major US soybean exporter which exports quality soybeans worldwide.

• Soybean export revenue: $12 billion

• Active export shipments: 65+

• Export quantity: 9 million tons

• Headquarters: St. Louis, Missouri

4. Louis Dreyfus Company (LDC)

A major agricultural commodities trader and processor. This company is the fourth biggest soybean exporter in the USA. It exports high-quality soybeans at reasonable prices.

• Soybean export revenue: $9 billion

• Active export shipments: 50+

• Export quantity: 7.8 million tons

• Headquarters: Wilton, Connecticut

5. CHS Inc.

This is a leading agribusiness cooperative, exporting huge quantities of soybeans around the world. It is known for its different varieties of Soybean exports.

• Soybean export revenue: $7.5 billion

• Active export shipments: 55+

• Export quantity: 6.5 million tons

• Headquarters: Inver Grove Heights, Minnesota

6. Perdue Agribusiness

An agribusiness giant specializing in grain and soybean trading. It is another top soybean exporter in the US, that exports fine-quality soybeans around the world.

• Soybean export revenue: $5 billion

• Active export shipments: 25+

• Export quantity: 4.1 million tons

• Headquarters: Salisbury, Maryland

7. Gavilon Group

Gavilon Group is an agricultural commodity trading company. It has excelled in its position as a leading soybean exporter in the USA with quality exports of soybeans globally.

• Soybean export revenue: $3 billion

• Active export shipments: 30+

• Export quantity: 3.2 million tons

• Headquarters: Omaha, Nebraska

8. Scoular Company

A leading exporter in grain trading and logistics. This company is another major soybean exporter in the USA which exports soybeans at affordable prices with the best quality.

• Soybean export revenue: $2.8 billion

• Active export shipments: 20+

• Export quantity: 2.8 million tons

• Headquarters: Omaha, Nebraska

9. Ag Processing Inc (AGP)

Ag Processing is a cooperative in the USA specializing in soybean processing and export. It exports an abundance of fine-quality soybeans worldwide.

• Soybean export revenue: $2.5 billion

• Active export shipments: 20+

• Export quantity: 2.5 million tons

• Headquarters: Omaha, Nebraska

10. CGB Enterprises, Inc.

CGB Enterprises is another soybean exporter in the US that specializes in grain and soybean processing and logistics, with soybean exports globally.

• Soybean export revenue: $1.3 billion

• Active export shipments: 15+

• Export quantity: 1.7 million tons

• Headquarters: Covington, Louisiana

US Soybean Exports by Country | USA Top Soybean Exports Destinations

The USA exports the most soybeans to China, followed by Mexico, Germany, and Japan. The top 10 nations where the US soybean exports are the most include:

1. China: $15.16 billion (54.1%)

2. Mexico: $2.78 billion (9.9%)

3. Germany: $1.68 billion (6.9%)

4. Japan: $1.36 billion (4.9%)

5. Indonesia: $1.24 billion (4.5%)

6. Italy: $1.01 billion (3.6%)

7. Taiwan: $609.43 million (2.2%)

8. Egypt: $476.55 million (1.7%)

9. Spain: $426.35 million (1.5%)

10. Netherlands: $425.52 million (1.5%)

USA Soybean Export By Year | Explore US Soybean Exports in the Last 10 Years

The Growth of Soybean Production in the USA

The United States has a long history of soybean cultivation, with farmers across the country dedicated to growing this versatile crop. From the Midwest corn belt to the Southern plains, soybeans are a staple of American agriculture. The US Department of Agriculture (USDA) reports that soybean production in the USA has been steadily increasing over the years, reaching record levels in recent seasons. Here are a few key trends in Soybean production in the United States in 2023:

• Production

In 2023, the United States produced a projected 4.16 billion bushels of soybeans, nearly 106 million fewer than in the year before.

• Productivity

The soybean harvest in 2023 yielded an average of 3.3 metric tons per hectare, which is marginally below average.

• Superiority

The 2023 crop was produced sustainably and with great quality. Higher yields per ton of oil and protein were the result of drier weather.

• Domestic Market

The United States' declining significance in international soybean markets is partly due to the increased domestic demand for soybeans.

• Use of Crush

For the 2023–2024 marketing year, the anticipated domestic US soybean crush utilization is 2,300 million bushels. This is because there is a growing market for soybean oil, especially from the renewable diesel industry.

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Conclusion

To sum it up for you, top soybean exporters in the USA have risen to prominence inside the worldwide market, thanks to their increase in manufacturing, era adoption, trade partnerships, commitment to quality, and sustainability practices. By leveraging their strengths and addressing challenges, American soybean exporters are set to preserve their role as leaders in the industry. As the demand for soybeans continues to grow worldwide, the us is poised to remain a dominant participant in the global soybean market for years yet to come.

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