According to CLAL.it and TESEO processing on WASDE – USDA data, three countries produce 82% of world Soybean production. Soybean total production is 340.86 Mio Tons per year, and the main three producers are:
United States (35% of the total),
Brazil (33%) and
The same three countries account for 89% of the global Soybean export, which totals 150.60 Mio Tons per year*.
Since 2012 Brazil has become the world’s leading Soybean exporter, with a share of 47%, surpassing the United States (37%). Argentina follows, with a global share of 5%. Since 2012 exports have been growing year by year.
The main importing countries area: China (67% share), EU-28 (9%) and Mexico (3%). In the season 2012-13 global Soybeans imports were below 100 Mio Tons, today the global trade volume reached 151.3 Mio Tons*.
In the light of these global trends, it is natural to ask: is a trade war really worth it?
* global export and import data may differ slightly, probably due to the customs system.