Published
in Economy
Brazil continued to dominate the soybean export market in 2023, with a remarkable 57.1% share. The United States followed as a critical partner, supplemented by small but steady exports from Paraguay, Canada, and Ukraine.
Brazil spearheaded the soybean export market with 57.1% in 2023, followed by the US at 29.28%. These two countries remain the powerhouses in providing soybeans on a global scale.
Although secondary, Paraguay (3.51%), Canada (2.87%), and Ukraine (1.50%) significantly enrich the global soybean trade, contributing to market needs that ensure varied sources for international markets.
There exist numerous nations with under 1% market share that are part of 'the rest', cumulatively stabilizing global distribution networks, particularly in addressing niche demands and market fluctuations.
Brazil exported the most soybeans in 2023, accounting for 57.1% of the global market.
The United States held 29.28% of the soybean export market in 2023.
Paraguay, Canada, and Ukraine had smaller yet notable shares of 3.51%, 2.87%, and 1.50% respectively.
