Long-term relationships define U.S. Soy’s presence in Japan, as the U.S. soy industry has maintained a constant presence in that country since 1956.
U.S. market share in crush and soyfoods continues to increase and the U.S. enjoys a 74% market share. Japanese imports of U.S. soybeans continue to increase, putting U.S. market share at more than 65 percent.
In South Korea, the Korea-U.S. Free Trade Agreement has helped to make that country the No. 1 market for U.S. soybean oil. With more than 50 million soy consumers, South Korea has a GDP of $1.5 trillion. U.S. Soy has a 70% market share in non-GM food beans. Sustainability is important to Korean customers and nearly 100% of the U.S. soybeans exported to Korea are SSAP-verified.
Click the live links below for a country snapshot, including the market and soy usage context, strengths, challenges, and opportunities for key countries that import U.S. Soy.