Soybean Imports Decline in China

13-May-2025 10:06 AM

Soybean Imports Decline in China
★ China's soybean imports in April fell by 38% compared to the same month last year, dropping to just 6 million tonnes — the lowest April volume since 2015.
★ In 2024, China imported a total of 105 million tonnes of soybeans, out of which 22.14 million tonnes came from the United States, accounting for 21.1% of total imports. This is a significant drop from 2018, when the US share was 34.4%.
★ Last year, China imported 74.65 million tonnes of soybeans from Brazil, making up 71.1% of its total imports.
★ China has also lifted previous phytosanitary-related restrictions on five Brazilian firms, allowing them to resume soybean exports to the country.
★ The decline in imports from the US is partly attributed to ongoing tariff tensions.
★ However, soybean imports are expected to rise starting in May.