China imports more than half of all US soybean exports. US soybean exports represented what dollar value in 2024?

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US soybean exports were worth approximately $24.5 billion in 2024, making soybeans the #1 American agricultural export. China historically bought more than half that total—over $12 billion annually in normal years. When China cut purchases 80% in 2025, American farmers lost roughly $10 billion in sales. That's why farm groups lobbied Trump so aggressively: soybeans aren't a minor crop, they're a massive industry employing hundreds of thousands across the Midwest.

China imports more than half of all US soybean exports. US soybean exports represented what dollar value in 2024?

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