Overview In July 2022 United States' Soybeans exports accounted up to $1.51B and imports accounted up to $56.2M, resulting in a positive trade balance of $1.46B. Between July 2021 and July 2022 the exports of United States' Soybeans have increased by $979M (184%) from $533M to $1.51B, while imports increased by $6.81M (13.8%) from $49.4M to $56.2M.
Destinations In July 2022, Soybeans were exported mostly to China ($337M), Mexico ($298M), Germany ($213M), Japan ($147M), and Indonesia ($123M), and were imported mostly from Argentina ($31.5M), Canada ($10.3M), Turkey ($8.22M), Togo ($3.63M), and India ($1.46M).
Growth In July 2022, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to China ($1.81B or 249%), Spain ($50.8M or 49.5%), and Thailand ($50M or 160%). In July 2022, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from .