Current year-to-date ( YTD ) data is through July 2020.

Imports: Soybeans

Soybeans, the No. 564 import by value totaled $29.18 million for the month of July, $185.27 million through July of 2020, and $265.19 million for all of 2019, the latest annual data available, according to U.S. Census Bureau data analyzed by WorldCity. Need more details? Read more

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Top Sources

RankCountryYTD
1Canada$50.59 M
2Russia$35.89 M
3Argentina$30.83 M
4India$16.59 M
5Ukraine$14.28 M
6Chile$14.18 M
7Uruguay$11.08 M
8Togo$4.26 M
9Mexico$3.28 M
10China$1.28 M
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U.S. imports of Soybeans increased 12.17 percent through July to $185.27 million

U.S. imports of Soybeans increased 12.17 percent from $165.17 million to $185.27 million through the first seven months of 2020 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.

The category ranked 564 through July among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 615 for the last full year with a total value of $265.19 million, a $52.89 million, 16.63 percent decreased from the 2018 total.

Through July of this year the leading sources were No. 1 Canada, No. 2 Russia, No. 3 Argentina, No. 4 India and No. 5 Ukraine. The leading gateways were No. 1 Port of Southern Louisiana, Gramercy, St. James Parish, No. 2 Port of New Orleans, No. 3 Port Huron Blue Water Bridge, Mich., No. 4 Miami Int’l Airport and No. 5 Port of Beaufort-Morehead City, N.C..

In the last previous full year, the leading sources were No. 1 India, No. 2 Canada, No. 3 Argentina, No. 4 Ukraine and No. 5 Chile. The leading gateways were No. 1 Port of New Orleans, No. 2 Port of Baltimore, Md., No. 3 Port of Beaufort-Morehead City, N.C., No. 4 Port Huron Blue Water Bridge, Mich. and No. 5 Rouses Point / Lacolle Border Crossing, N.Y..

Looking at specific airports, seaports and border crossings, the top five through through the first seven months of the year were:

Highlights for the top five ports:

  • Port of Southern Louisiana, Gramercy, St. James Parish totaled $30.91 million. The previous year, there were no imports in this category.
  • Port of New Orleans fell 28.41 percent compared to last year to $24.75 million.
  • Port Huron Blue Water Bridge, Mich. rose 41.31 percent compared to last year to $20.21 million.
  • Miami Int’l Airport rose 77.24 percent compared to last year to $17.36 million.
  • Port of Beaufort-Morehead City, N.C. fell 3.86 percent compared to last year to $13.85 million.

There are several hundred airports, seaports and border crossings that handle international trade; they are, in turn, part of the roughly four dozen U.S. Customs districts.

Highlights for the top five foreign markets:

  • U.S. imports from No. 1 Canada increased $8.45 million, 20.06 percent, (27.31 percent market share).
  • U.S. imports from No. 2 Russia increased $35.33 million, 6323.5 percent, (19.37 percent market share).
  • U.S. imports from No. 3 Argentina increased $7.19 million, 30.42 percent, (16.64 percent market share).
  • U.S. imports from No. 4 India decreased $27.89 million, 62.71 percent, (8.95 percent market share).
  • U.S. imports from No. 5 Ukraine decreased $7.94 million, 35.73 percent, (7.71 percent market share).

All totaled, 79.98 percent of all these Soybeans imports to the United States were shipped from the top five markets through July of this year. That is equal to $148.17 million of the $185.27 million total.

All totaled, 57.8 percent of all these Soybeans imports to the United States were shipped to the top five Ports through July of this year. That is equal to $107.09 million of the $185.27 million total