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Find Verified Soybean Buyers, Importers and Buy Leads

Mar-25-22
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Sep-03-21
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Buyer Of Cheese   |   Fresh Flowers   |   Condensed milk   |   Milk Powder   |   Coffee Beans   |   Wheat   |   Fresh Cut Flowers   |   Fresh Mutton   |   Edible Oils   |   Frozen Meat   |   Fresh Chicken   |   Fresh Meat   |   Green Coffee   |   Poultry   |   Printing Paper   |   Fresh Beef   |   Magnetite Iron Ore   |   Sunflower Oil   |   Iron Ore   |   Frozen Chicken   |   Dried Seafood   |   Coffee   |   Dried Fish   |   Corn   |   Rice   |   Sea Salt   |   Iron Ore   |   Fresh Lamb   |   Fish Eggs   |   Milk & Milk Products   |   Palm Oil   |   Manganese   |   Chicken Eggs   |   Frozen Beef   |   Sugar   |   Soybean   |   Fruits   |   Milk Cream
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Dec-09-21
Buyer From Suriname
Discuss sourcing & trends in Soybean import export community

Soybean: The 'Golden Bean' of Global Trade

Soybean is a type of legume and the fifth major crop produced globally. It is native to East Asia, and cultivated for both human consumption as food and animal feed. In fact, processed soybeans are the second-largest source of edible fat, contributing around 25% to global edible fat production, and the largest source of high-protein animal feed in the world. This staple crop is valued worldwide for its rich protein and oil content. About 85% of soybeans are processed each year into soybean meal and oil. Of this, around 95% of the oil is used for edible purposes, while the remaining goes into industrial products such as fatty acids, soaps, and biodiesel. Its rich history dates back to 7000 BCE when it was domesticated in China. It became an important crop during the Zhou dynasty (c. 1046-256 BC), and was eventually introduced to other parts of the world. It entered the U.S. market for the first time in the 19th century and soon became a valuable source of protein and oil, especially in the 20th century. Today, it is one of the most sought-after commodities for soybean buyers and importers across the globe. 



Why Soybeans Are a Strategic Export Crop

Soybeans remain consistently in high demand, majorly due to their nutritional value (particularly as a source of plant-based protein) and versatility. Besides, they offer strategic export advantages because of their dual marketability (both as oil and protein), low perishability (compared to fruits or vegetables), and easy storage and transport (when properly dried and packaged). Also, soybeans are fit for rotation farming, especially when grown with grains, corn, or pulses. 

Soybeans are processed into a wide range of products such as tofu, soy milk, and soy-based meat alternatives (popular among vegans and vegetarians). Soymeal, a byproduct of soybean oil extraction, is also a primary protein source for livestock. In addition, soybeans are used to produce a renewable fuel known as biodiesel. This biodiesel is more sustainable than petroleum-based alternatives, as it generates fewer air pollutants. Furthermore, soybean oil is chemically similar to petroleum, which makes it a better substitute for common products like tires, flooring materials, and more. All these factors are responsible for its growing trade across borders. 



Most Commonly Traded Types of Soybeans

Here are the different types of soybeans that are traded worldwide:

Soybean TypePrimary UseKey FeaturesApplications
Yellow SoybeansHuman consumptionHigh in protein and oil

Mild flavor
Tofu, soy milk, soy flour, soy-based meat
Black SoybeansCulinary and health foodsRich in antioxidants (anthocyanins)

Slightly sweet, nutty flavor
Asian cuisine, soy sauce, fermented foods
Green Soybeans (Edamame)Fresh consumption (immature beans)Harvested early

Sweet and tender texture
Snacks, salads, side dishes
Brown SoybeansFermentation and processed foodsEarthy flavor

Dense texture
Miso, tempeh, soy sauce
Forage SoybeansAnimal feed and cover cropsGrows tall with large biomass

Lower oil content
Silage, pasture grazing
Food-Grade SoybeansSpecialized human consumptionNon-GMO

Consistent size, and color
Soy milk, tofu, natto (Japanese fermented soy)
High-Oleic SoybeansIndustrial and food oil productionEnhanced oil stability

Longer shelf life
Cooking oil, biodiesel, processed food products
Low-Linolenic SoybeansFood oil productionReduced trans fat

Improves oil quality without hydrogenation
Salad dressings, frying oils


These are the major soybean varieties. Apart from these, soybean exporters often diversify into related crops and value-added products to expand their reach and attract more buyers. To grow your export business, you can bundle your shipments with other high-demand agricultural products, such as:



A Global Outlook: Key Export Import Data for Soybean 

Having knowledge of global market trends can help exporters in many ways. This data lets you identify new opportunities, adapt to changing conditions, and maintain competitiveness. Here are the key insights that every exporter should know. 


Global Market Size:

MetricValue
Market Size (2023)USD 199.63 billion
Market Size (2030)USD 258.12 billion
CAGR (2024 - 2030)4.40%

Source: Grand View Research


Top Importing Countries for Soybeans (Oct 2023- Sep 2024):

Country NameTotal Shipments
Indonesia238,147
United States149,298
Taiwan127,022
China126,362
Vietnam125,641

Source: Volza


Top 5 Profitable Soybean Related Import Products:

RankSoybean Related ProductsCounts
1Soybean Meal229,767
2Soybean Oil153,560
3Soybean Animal Feed78,943
4Non Gmo Soybean55,466
5Organic Soybean53,832

Source: Volza


To get the latest updates on agricultural commodities like soybean or connect with fellow agri-traders, visit our Communities section



How to Find Soybean Importers or Buyers Globally? 

Here are the methods that can help you find and connect with verified soybean importers and buyers worldwide. 


  • Trade shows like the Global Grain Conference, SIAL, and Food Ingredients Asia are perfect places to network with global buyers face-to-face.

  • Government-backed trade organizations (like the U.S. Soybean Export Council (USSEC) or India’s APEDA) often provide resources, buyer directories, and market access support.

  • Searching online through long-tail keywords like 'organic soybean buyers near me' can also help find potential buyers. In addition, having a strong online presence always works in your favor.

  • Local branches of international chambers often have databases of potential buyers. They also host networking events and may introduce you to companies looking to source agricultural commodities. 



Frequently Asked Questions (FAQs):

1. What is the rate of 1 kg of soybean?

Although soybean prices vary based on several factors, the average price of 1 kg of soybeans can range from $0.45 to $0.86 per kg globally.


2. Who is the largest buyer of soybeans?

Indonesia is the biggest importer of soybeans, followed by the United States and Taiwan.


3. Where to sell soybeans?

You can sell soybeans through online B2B marketplaces. One such platform is go4WorldBusiness, where you can list your product and get verified buyers. Besides, you can also sell through government-supported export portals or directly reach out to bulk soybean importers. 


4. Who is the biggest consumer of soybeans?

China is the biggest consumer of soybeans. In addition, the US and Brazil are also major consumers. 


5. Who sells the most soybeans?

The top supplier countries of soybeans are China, Ukraine, the United States, Brazil, and Vietnam.


6. Which state in India is the highest producer of soybeans?

Madhya Pradesh is the highest soybean-producing state in India, contributing almost 50% to the country's total soybean production.


7. Which country does India export soybeans to?

India exports soybeans (primarily in the form of soybean meal) to countries like the United States, Nepal, Vietnam, Japan, Bangladesh, Iran, and Sri Lanka.


8. What is the volume of soybean exports from India?

In the year 2023-2024, India exported around 3.5 million metric tons of soybeans. Also, in terms of shipment, India recorded 1787 soybean shipments in the same year. 


9. Where are the soybeans sourced from?

Soybeans are sourced from various countries. However, the United States, Brazil, and Argentina produce about 80% of the world's total soybeans.


10. What is the HS code for soybeans?

1201 is the main soybean HSN code. 


Click here to know more about soybean related Q&A.



Latest News Related to Soybeans:

  • The Solvent Extractors Association (SEA) urges that India revives exports of organic, non-GMO soybean and soybean meal, previously halted by U.S. safeguard duties to the United States as a key component of ongoing bilateral trade talks. (Full Story: Business Standard)