World Soybean Production 2023/2024
October 2023
This month the United States Department of Agriculture (USDA) estimates that the World Soybean Production 2023/2024
will be 399.50 million metric tons, around 1.82 million tons less than previous month's projection.
Soybean Production last year (*) was 370.24 million tons. This year's 399.50 estimated millions tons could represent
an increase of 29.26 million tons or 7.90% in soybean production
around the globe.
Next Update will be November 2023
Soybean Production by Country
(Values in Metric Tons)
Brazil: 163,000,000
United States: 111,703,000
Argentina: 48,000,000
China: 20,500,000
India: 11,000,000
Paraguay: 10,000,000
Canada: 6,700,000
Russia: 6,000,000
Ukraine: 4,800,000
Bolivia: 3,300,000
European Union: 3,050,000
Uruguay: 2,900,000
South Africa: 2,800,000
Nigeria: 1,150,000
Serbia: 650,000
Zambia: 475,000
Indonesia: 375,000
Benin: 310,000
Japan: 253,000
Kazakhstan: 250,000
Mexico: 235,000
Ghana: 225,000
Uganda: 200,000
Korea, North: 180,000
Iran: 165,000
Ethiopia: 150,000
Bangladesh: 145,000
Turkey: 140,000
Korea, South: 131,000
Burma: 125,000
Colombia: 110,000
Egypt: 85,000
Venezuela: 75,000
Zimbabwe: 75,000
Thailand: 52,000
Vietnam: 45,000
Australia: 40,000
Guatemala: 36,000
Ecuador: 29,000
Uzbekistan: 10,000
Nicaragua: 7,000
Bosnia and Herzegovina: 7,000
Taiwan: 6,000
Syria: 4,000
Switzerland: 3,000
Peru: 3,000
Philippines: 1,000
Pakistan: 1,000