In 2017, Brazil exported 68.1 million metric tons of soybeans. Exports to China were 50.9 MMT, the highest level ever and accounted for 75 percent of Brazil’s total exports for the year. This volume came at the expense of the U.S., whose export share keeps shrinking, and China’s more stringent import requirements starting this year could decrease U.S. share even further. China imports 60 percent of the total soybean trade, with Brazil accounting for 50.9 percent of China’s imports and the U.S. sending 34.4 percent of the total.

Brazil’s cumulative soybean exports to world market

Source: MDIC
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