RECORD SOYBEAN EXPORTS REPORTED FOR 2008/2009
ANKENY,
Iowa - The U.S. Soybean Export Council (USSEC) has released key export data for U.S. Soy Export Marketing Year 2008/2009, which ended Sept. 30. It was a phenomenal year for exports with the third record year of soybean exports in a row and over 55 percent of the 2008 soybean crop exported. Soybean exports were up 11 percent from last year.
Iowa Soybean Association (ISA) Director of Market Development Grant Kimberley expects strong demand to continue.
“As people continue to improve their diets by consuming more meat protein, world demand is projected to remain strong for soybeans and soybean meal,” Kimberley says. “International marketing is one of ISA’s top priorities, and we will continue our work to build demand and create customer preference for Iowa and US soybeans.”
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.
All export data below.
U.S. Soy Marketing Year 2008/09
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
Iowa Soybean Association (ISA) Director of Market Development Grant Kimberley expects strong demand to continue.
“As people continue to improve their diets by consuming more meat protein, world demand is projected to remain strong for soybeans and soybean meal,” Kimberley says. “International marketing is one of ISA’s top priorities, and we will continue our work to build demand and create customer preference for Iowa and US soybeans.”
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.
All export data below.
U.S. Soy Marketing Year 2008/09
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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Funded by the soybean checkoff
Funded by the soybean checkoff
