Soybean Export from India: Key Insights for 2025 Success

Key Highlights: 

• In 2023–2024, India is estimated to produce around 130.5 lakh metric tons of soybeans, which is about one-third of the country's total oilseed production. 
• At the same time, in 2023–24, India’s export of soybean meal crossed 21 lakh metric tonnes. It is a considerable 16% rise compared to last year.
• The main soybean HS codes are 1201, 12019000, 1208, 12081000, 2304, and 23040010.
• The top varieties of soybean export from India include JS 95-60, Birsa Safed Soybean-2, PS 1347, Pratap Soya 1 (RAUS 5), TAMS 98-21, and MACS-1188.
• The top soybean exporters in India are Prestige Group, Pisum Food Services, Vaishnavi Traders, Chhindwara Trading Company, and Indus Agro Pulses Exports Private Limited. 

Soybeans are full of protein and many other multivalent values. People consume soybeans by eating them, drinking them as a milk alternative, or even in the form of a supplement. Along with being a nutritional pack, soybeans have few other benefits and uses. It is processed to extract the soy oil out of it and used to make ecologically friendly fuel, as well as candles, crayons, and engine lubricants.

Along with other nations, India also came forward in exporting the soybean so that it can be used worldwide to cater to the demand. In this blog, we will go through the soybean import export data, soybean exporters in India, and soybean HS codes and provide an overview to the exporters that want to engage in soybean export from India. 

How Big is the Soybean Industry?

Here's a table to brief the information on global soybean market size and major applications of the product: 

The global soybean market is expected to grow at a CAGR of 4.4%. Based on global trade data, it was valued at around USD 193.10 billion in 2023.

Due to numerous soybean applications in India, such as soybean oil, animal feed, and soy flour, the market size is huge. In 2023-24, more than 1.3 million metric tonnes of soybeans will be consumed in the nation. 

One of the main factors behind the rising soybean industry is the emerging need for plant-based proteins. As soybeans are a good source of protein, fibre, vitamins, and minerals.

Secondary, other causes of the rising demand for soybeans are the quick growth of chicken production and consumption in developing nations. Even the second most consumed vegetable oil in the world, soybean oil, is extracted from soybeans, making it the top oilseed.

All about Soybean Production in India

In 2022–23, India produced around 12.99 million metric tons of soybeans, which accounts for 4% of global soybean production. 

In 2023–2024, India is estimated to produce around 130.5 lakh metric tons of soybeans, which is about one-third of the country's total oilseed production. As a result, India is the fifth largest producer of soybeans in the world, behind Brazil, the United States, Argentina, and China.

In India, the major soybean-growing states are Madhya Pradesh, Maharashtra, Rajasthan, Karnataka, Gujarat, and Telangana. 

India Soybean Export Data: 2023-24

Here is the table on soybean export data from India: 

As of now, soybean export from India are over 3.5 million metric tons, primarily to export markets, including Vietnam, Japan, Thailand, Indonesia, the United Arab Emirates, and Greece.

In terms of shipments, the export of soybean from India had 1,787 shipments from March 2023 to February 2024. These shipments were made by 197 soybean exporters in India to 440 overseas buyers, based on soybean export data from India. 

This data represents a 33% growth in shipments over the last 12 months. Just in February 2024, more than 130 shipments were made for the soybean export from India.

At the same time, in 2023–24, India’s export of soybean meal crossed 21 lakh metric tonnes. It is a considerable 16% rise compared to last year, according to soybean export data. 

The majority of the Indian soybean is exported to Bangladesh, Nepal, and Iran, making these nations the main drivers of Indian soybean.

More Insights on Soybean Export from India

As soybeans are being more adopted worldwide, India is leading toward more export of soybean from India. The nation swings between the position of 20th to 25th in terms of soybean exports.

According to soybean import export data, India ranked as the world's 25th biggest exporter of soybeans with an export value of $56.7 million.

The top varieties of soybean export from India include: 

• JS 95-60
• Birsa Safed Soybean-2
• PS 1347
• Pratap Soya 1 (RAUS 5)
• TAMS 98-21
• MACS-1188
• JS 97-52
• Pusa 97-12

Along with it, there are many products made by processing soybean that are majorly exported from India, such as ready-to-eat foods, tofu, soy milk, soy protein isolate/concentrate-based products, textured soy protein, protein bars, soy-fortified flours, soy-fortified snacks, tempeh, bakery goods, soy-based meat substitutes, Indian traditional fermented foods, and soybean oil. 

Leading Soybean HS Codes

Here are the most popular HS codes for the export of soybean from India: 

So, these are the top soybean HS codes. Furthermore, if you are looking for updated insights on soybean export from India, soybean exporters in India, soybean export data from India, and other statistics, connect with Exportimportdata.in anytime. 

Top 10 Soybean Exporting Countries

Below is the list of 10 major exporters of soybeans all over the world: 

Were you aware that the US, Argentina, and Brazil collectively hold more than 90% of the total global soybean export? Moreover, as per soybean export data, Brazil is the largest exporter of soybeans in the world, exporting around 50% of soybeans exported worldwide. For more statistics and information on major importers and exporters of soybean and their products or soybean HS codes, connect with our team on Exportimportdata.in.

Leading Soybean Exporters in India

Below is the list of exporters of soybeans from India: 

• Prestige Group
• Pisum Food Services
• Vaishnavi Traders
• Chhindwara Trading Company
• Indus Agro Pulses Exports Private Limited
• Agrimpex India Pvt Ltd
• Royal Agro Foods
• Bajaj Agro Industries
• Ananta Traders
• LTG Exports

Thus, these are a handful of the top soybean exporters in India. Although if you want to get engaged in the soybean export business, obtain soybean export data from India at Exportimportdata.in. It will assist you in getting the detailed list of all the exporters of soybean from India and finding new buyers for your products for soybean export from India. 

How can Exportimportdata.in help Indian Soybean Exporters?

Our prominent dashboard, Exportimportdata.in, is the best way to find global soybean buyers. Soybean export data at our dashboard offers a genuine list of soybean importers and soybean exporters, along with soybean HS codes.

As a result, by assisting you in giving market information about your trade product and targeted market, it will help you make all the crucial business decisions for soybean export from India.

The Final Remarks!

So, the export of soybean from India offers lucrative opportunities due to emerging global demand for soybeans. However, success in the export business requires a well-thought-out plan. A vital component of India's soybean exports is the market research platform Exportimportdata.in. With the help of it, you can quickly assess the soybean market insights globally. 

If you still have a query about soybean export from India or if you need the most recent soybean export data and soybean HS codes, schedule a free live demo, and our professionals will guide you in the best way possible. 

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