How much soybeans do Canada produce and export?
Canada is the nullth largest producer of soybeans: 7.6 million tonnes in 2024, 1.9% of the world's 397.7 million tonnes (FAOSTAT). It is the 4th largest exporter by value: $2.5 billion in 2024, 3% of world exports of soybeans (HS 1201) (CEPII BACI). Its biggest customer is China, which takes 20% of its soybeans exports by value.
All about soybeans · All about Canada · Soybeans price history
Canada's soybeans production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 7.6 million tonnes | 1.9% | +2.3% a year | 2024 |
FAOSTAT Crops and livestock products (QCL), 2024. World total is the sum of reporting countries.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2024 |
|---|---|---|---|---|
| 1.2% | 1.7% | 1.7% | 1.8% | 1.9% |
Canada's soybeans exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 4 | $2.5 billion | 3% | 5.1 million t | $482 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 1201 (Soya beans).
Where Canada's soybeans goes
| Destination | Value | Share of Canada's exports |
|---|---|---|
| China | $501M | 20% |
| Japan | $285M | 12% |
| Iran | $268M | 11% |
| Algeria | $249M | 10% |
| United States | $161M | 6.6% |
How much soybeans Canada uses
Canada's domestic supply of soybeans was 2.3 million tonnes in 2023, 0.6% of the world's. Food supply was 0.9 kg per person a year, 22nd highest of 141 countries with a million or more people. It produced 236% of what it used (self-sufficiency) and imported 15%. FAO's item is "Soyabeans". Consumption · Self-sufficiency.
The soybeans price Canada sells into
The benchmark price, US, CIF Rotterdam, was $524/t in September 2026, up 30% over twelve months. Its five-year volatility is 18% a year, calmer in 61% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Soybeans price history.
Cite as: Commodity Origins, "Canada soybeans: production, exports and prices", https://commodityorigins.com/countries/CAN/soybeans/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.