Table 07: Soybeans: World Supply and Distribution


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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.