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Top 10 soybean trade countries including Arab nation
The article discusses the global soybean market, highlighting that its commercial value approaches $128.8 billion. The market is primarily concentrated between Brazil, the United States, and China, which is the largest importer and the biggest consumer of raw soybeans. The market is influenced by political and commercial fluctuations, especially the disputes between the U.S. and China, where China imposes retaliatory tariffs on American soybeans. This boosts demand from Brazil and leads to shifts in export routes. It is expected that global soybean production for the 2026/2027 season will reach 442.35 million tons, driven by increased demand for oils, animal feed, and vital industries. However, the market faces risks such as climate change, tariff disruptions, and the effects of El Niño and La Niña phenomena. Brazil and the United States are the largest exporters, accounting for approximately 86.6% of export value, while China remains the biggest importer, consuming about 60% of the global product. Soybeans are used in various industries, including animal feed, cooking oils, and biodiesel. The consumption of soybean oil in the biofuel sector is expected to increase to 17.8 billion pounds in the 2026/2027 season, boosting demand and impacting global prices. Meanwhile, Arab production remains limited, with Egypt being the most prominent Arab producer.
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