| Soybeans
& Soybean Meal Trade
World
Soybeans Trade Share
In addition to being the world's largest
soybean producer, the United States also exports the most
soybeans, with over 57 per cent share of the global export
volume predicted for 2000/01. According to the United States
Department of Agriculture, USA soybean exports has grown nearly
10 per cent since 1996, in which 24.11 million metric tons
was exported. In 2000/01, USA should be able to export up
to 26.54 million metric tons. Brazil, the world's second largest
soybean producer, also has the second largest share on the
world's soybean export market. With a 24 per cent growth since
1996, Brazil will export a total of 11 million metric tons
in 2000/01 and will remain at the second largest soybean exporter
in the world. Argentina graps the third largest piece of the
world soybean exports pie, with a 10 per cent share projected
for 2000/01. Since 1996, Argentina's soybean exports has grown
over 84 per cent.
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Source: United States Department of Agriculture (USDA)
World soybean import share is more evenly
distributed among various countries. China, the world's
fourth largest soybean producer is also the largest importer
of soybeans in 2000/01, with a projected 15 per cent of
the global import volume. According to the USDA's statistics,
China overtook Japan in 1999/00 with a jump of nearly 62
per cent in its soybean imports from 1998/99. From that
point on, China became the biggest soybean importer, while
Japan's import share began to shrink. And that same year,
in 1999/00, the Netherlands rose as the world's second largest
soybean importer, with 5 million metric tons imported soybeans
compared with Japan's 4.9 million metric tons. In 2000/01,
the Netherlands is projected to remain in the second place,
following China with 10 per cent of the global soybean import
share. Since 1996, the Netherlands import share has grown
12 per cent from 4.45 to 5.06 million metric tons.
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