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Table 07: Soybeans: World Supply and Distribution 
  
Thousand Metric Tons
Date Created  05/12/2023 12:03:05 PM  
 
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  2018/19 2019/20 2020/21 2021/22 2022/23 May
2023/24
Production nr nr nr nr nr nr
Brazil 120,500 128,500 139,500 130,500 155,000 163,000
United States 120,515 96,667 114,749 121,528 116,377 122,742
Argentina 55,300 48,800 46,200 43,900 27,000 48,000
China 15,967 18,092 19,602 16,395 20,280 20,500
India 10,930 9,300 10,456 11,889 12,000 12,000
Paraguay 8,844 10,553 9,642 4,183 8,800 10,000
Canada 7,417 6,145 6,359 6,224 6,543 6,500
Other 23,542 22,839 22,088 25,227 24,421 27,843
 
 
Total 363,015 340,896 368,596 359,846 370,421 410,585
 
Imports nr nr nr nr nr nr
China 82,537 98,532 99,740 91,566 98,000 100,000
European Union 14,346 15,017 14,786 14,549 13,900 14,000
Mexico 5,933 5,743 6,101 5,956 6,400 6,550
Argentina 6,408 4,882 4,816 3,839 8,300 5,700
Thailand 3,155 3,831 4,157 3,243 4,050 4,200
Egypt 3,657 4,956 3,687 4,630 2,500 3,500
Japan 3,314 3,325 3,085 3,455 3,500 3,450
Turkey 2,411 3,148 2,745 2,949 3,100 3,200
Iran 2,346 1,460 1,894 2,674 2,700 2,800
Vietnam 1,644 1,903 1,951 1,839 2,050 2,800
Other 20,261 22,447 22,527 21,894 20,699 23,574
 
 
Total 146,012 165,244 165,489 156,594 165,199 169,774
 
Exports nr nr nr nr nr nr
Brazil 74,887 92,135 81,650 79,063 93,000 96,500
United States 47,721 45,800 61,665 58,721 54,839 53,751
Paraguay 4,901 6,619 6,330 2,273 5,700 5,900
Argentina 9,104 10,004 5,195 2,861 3,300 4,600
Canada 5,239 3,909 4,554 4,284 4,450 4,350
Other 7,320 7,088 5,470 6,814 7,084 7,311
 
 
Total 149,172 165,555 164,864 154,016 168,373 172,412
 
Crush nr nr nr nr nr nr
China 85,000 91,500 93,000 87,900 91,000 95,000
United States 56,935 58,910 58,257 59,980 60,419 62,868
Brazil 42,527 46,742 46,500 50,712 53,250 55,750
Argentina 40,567 38,770 40,162 38,825 31,500 36,500
European Union 15,000 15,600 15,800 15,400 14,650 15,150
India 9,600 8,600 10,000 8,500 9,900 9,800
Mexico 6,150 6,000 6,200 6,350 6,500 6,600
Russia 4,650 4,650 4,500 4,800 5,400 5,700
Paraguay 3,820 3,500 3,325 2,200 3,000 3,500
Egypt 3,500 4,700 3,900 4,500 2,650 3,450
Iran 2,200 2,500 2,000 2,550 3,000 2,900
Thailand 2,000 2,610 2,800 2,500 2,830 2,900
Bolivia 2,650 2,550 3,050 3,000 2,625 2,650
Japan 2,470 2,385 2,300 2,640 2,600 2,600
Bangladesh 1,870 2,300 2,650 2,425 2,125 2,500
Other 19,875 21,074 21,377 21,951 21,857 24,445
 
 
Total 298,814 312,391 315,821 314,233 313,306 332,313
 
Ending Stocks nr nr nr nr nr nr
Brazil 33,342 20,419 29,579 27,598 33,098 40,348
China 18,350 24,484 30,856 30,315 35,795 38,195
Argentina 28,890 26,650 25,060 23,903 18,153 24,053
United States 24,740 14,276 6,994 7,468 5,858 9,108
European Union 1,387 1,721 1,560 1,619 1,478 1,538
Other 7,377 7,419 6,014 7,763 6,660 9,256
 
 
Total 114,086 94,969 100,063 98,666 101,042 122,498
 
Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a Jan/Dec MY.