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Greg Lamp
November 1, 2009
1 Min Read
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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