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In 2024/25, exports of soybeans from Brazil reached * million metric tons, and in 2025/26, this figure is forecast to increase to 114 million metric tons. This is also the highest figure reported in the decade. In 2023, Brazilian soybean exports were valued at approximately ***billion U.S. dollars that year.

An undisputed market leader

As Brazil’s annual soybean exports nearly tripled in one decade, the South American country went on to become the largest exporter of this oilseed in the world. This result is mostly associated with an increasing demand from China, the leading destination for Brazilian soybean exports. Meanwhile, global soybean meal and soybean oil exports are dominated by Brazil’s southern neighbor, Argentina. Nevertheless, the Portuguese-speaking country ranks second worldwide.

Domestic soybean demand also on a rise

Parallel to a growth in international demand for this commodity, the domestic consumption of soybean in Brazil has also seen a continual rise in the past decade, estimated at more than **** million metric tons in 2022/23. In the industrial sector, this oilseed is mainly associated with the biofuels segment. In 2022, more than **** million cubic meters of soybean oil were used for biodiesel diesel production in Brazil, making it the leading raw material used for this purpose.