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Corn+Soybean Digest

Record Soybean Exports for 2008-2009

It was a phenomenal year for exports with the third record year of soybean exports in a row and over 55% of the 2008 soybean crop exported. Soybean exports were up 11% from last year. That's according to the U.S. Soybean Export Council's export data for U.S. soy export marketing year 2008-2009, which ended Sept. 30.

China was by far the top soybean export market with over 686 million bushels, followed by Mexico with 113 million bushels. Mexico was the top soybean meal export market and India was the top soybean oil export market.

U.S. Soy Marketing Year 2008-2009

  • Total soy exports — 1.56 billion bushels
  • Soybean exports — 1.24 billion bushels
  • Soymeal exports — 318 million bushels
  • Soyoil exports — 886,000 metric tons
  • % of 2008 crop exported — 55%
  • Value of exported soy — $15 billion
  • China imports of total U.S. production — 23%

Top U.S Soybean Export Markets

  • China — 686 million bushels
  • Mexico — 113 million bushels
  • Japan — 88 million bushels
  • Taiwan — 58 million bushels
  • Indonesia — 49 million bushels
  • Egypt — 41 million bushels
  • Netherlands — 32 million bushels
  • Turkey — 27 million bushels
  • Germany — 25 million bushels
  • Syria — 15 million bushels

Top U.S. Soybean Meal Export Markets

  • Mexico — 56 million bushel equivalents
  • Canada — 47 million bushel equivalents
  • Venezuela — 25 million bushel equivalents
  • Philippines — 22 million bushel equivalents
  • Dominican Republic — 15 million bushel equivalents
  • Turkey — 14 million bushel equivalents
  • Japan — 12 million bushel equivalents
  • Guatemala — 11 million bushel equivalents
  • Panama — 6 million bushel equivalents
  • Morocco — 6 million bushel equivalents

Top U.S. Soybean Oil Export Markets

  • India — 172,600 metric tons
  • Mexico — 110,600 metric tons
  • Morocco — 95,600 metric tons
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