Eighth Largest Soybean-Producing Country in the World – Paraguay
In 2022, Paraguay’s soybean production was 4.5 million tons, which is 68% less than in 2020/21. The average yield is 900 kg/ha, which is the lowest in Paraguay’s history. Paraguay’s soybean production will increase by 17.68% between 2023 and 2032, reaching 11.96 billion tonnes in 2032. Paraguay is the world’s eighth largest producer of soybeans and soybean oil, and the fourth largest exporter of the grain. Soy cultivation contributes to 18% of Paraguay’s GDP.
Aspect |
Details |
---|---|
Country |
Paraguay |
Rank in Soybean Production |
8th |
Soybean Production in 2022 |
4.5 million metric tonnes |
Percentage of Global Production |
Around 2-3% |
Leading Soybean Producing Regions |
Itapúa, Alto Paraná, Canindeyú |
Main Export Destinations |
European Union, Russia, Turkey, Iran |
Major Challenges |
Land use conflicts, environmental concerns, infrastructure limitations, market volatility |
List of Top 10 Largest Soybean-Producing Countries in the World
The Top 10 Largest Soybean-Producing Countries in the world are Brazil, the USA, Argentina, China, India, Canada, Russia, Paraguay, Bolivia, and Ukraine. These 10 countries accounted for over 80% of the world’s soybean production in 2024. Brazil and the United States are the two largest soybean-producing countries in the world, together accounting for over 65% of global production. In 2024, the world produced 368.6 million metric tons of soybeans.
In this article, we will look into the list of the top 10 largest soybean-producing countries in the world along with their contribution to the global output.
Table of Content
- About the Top 10 Largest Soybean-Producing Countries in the World
- List of Top 10 Largest Soybean-Producing Countries in the World
- Largest Soybean-Producing Country in the World – Brazil
- Second Largest Soybean-Producing Country in the World – USA
- Third Largest Soybean-Producing Country in the World – Argentina
- Fourth Largest Soybean-Producing Country in the World – China
- Fifth Largest Soybean-Producing Country in the World – India
- Sixth Largest Soybean-Producing Country in the World – Canada
- Seventh Largest Soybean-Producing Country in the World – Russia
- Eighth Largest Soybean-Producing Country in the World – Paraguay
- Ninth Largest Soybean-Producing Country in the World – Bolivia
- Tenth Largest Soybean-Producing Country in the World – Ukraine