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In 2022, Soybeans were the world’s 36th most traded product, with a total trade of $93.8B. Between 2021 and 2022 the exports of Soybeans grew by 17.8%, from $79.6B to $93.8B. Trade in Soybeans represent 0.4% of total world trade. Soybeans are a part of Oils seeds, oleaginous fruits, grains, straw & fodder.
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Global economic value of Soybean is very high. Just last week in Lagos, Nigeria, the Chairman of the Nigeria Soybean Stakeholders Coalition said, Soybeans has over 357 uses.
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