# China to import record soybean volume in 2022-23 | World Grain

> The USDA Foreign Agricultural Service forecasts China will import a record 100 million tonnes of soybeans in 2022-23 due to rising feed demand and limited supply. Oilseed production is projected at 62.4 million tonnes, with imports covering 62% of domestic consumption. The agency also revised 2021-22 soybean imports down to 95 million tonnes amid weak swine and poultry demand.

- Date: 2022-03-21 · published 2022-03-21T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/42291-china-to-import-record-soybean-volume-in-2022-23-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record Chinese import pace would absorb a large share of global soybean exports, supporting prices for soybeans and meal. Downward revisions to recent imports and feed mills trimming meal inclusion are the main offsetting signals.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-03-23 | [China expected to import more soybeans in 2026-27 \| World Grain](https://feedsoft.ai/events/20146-china-expected-to-import-more-soybeans-in-2026-27-world-grain.md) | -0.2% | +0.4% |
| SOY | 2020-09-09 | [Feed demand increases China’s soybean imports \| 2020-09-09  \| World Grain](https://feedsoft.ai/events/51186-feed-demand-increases-china-s-soybean-imports-2020-09-09-world-grain.md) | +1.9% | +7.3% |
| SOY | 2018-06-29 | [China’s soybean imports continue to rise \| World-grain.com \| June 29, 2018 13:49 \| World Grain](https://feedsoft.ai/events/64513-china-s-soybean-imports-continue-to-rise-world-grain-com-june-29-2018-13-49.md) | +1.5% | +1.1% |
| SOY | 2023-08-13 | [FAS: “2022/23 China Soybean Imports Raised to Record High” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14820-fas-2022-23-china-soybean-imports-raised-to-record-high-farm-policy-news.md) | -2.7% | -3.5% |
| SOY | 2020-04-09 | [Japan expected to import more soybeans \| 2020-04-09  \| World Grain](https://feedsoft.ai/events/53750-japan-expected-to-import-more-soybeans-2020-04-09-world-grain.md) | -2.1% | -1.5% |
| SBM | 2026-03-23 | [China expected to import more soybeans in 2026-27 \| World Grain](https://feedsoft.ai/events/20146-china-expected-to-import-more-soybeans-in-2026-27-world-grain.md) | -2.2% | -0.4% |
| SBM | 2020-09-09 | [Feed demand increases China’s soybean imports \| 2020-09-09  \| World Grain](https://feedsoft.ai/events/51186-feed-demand-increases-china-s-soybean-imports-2020-09-09-world-grain.md) | +2.3% | +15.3% |
| SBM | 2020-04-09 | [Japan expected to import more soybeans \| 2020-04-09  \| World Grain](https://feedsoft.ai/events/53750-japan-expected-to-import-more-soybeans-2020-04-09-world-grain.md) | -0.3% | -3.1% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/16650-china-to-import-record-soybean-volume-in-2022-23

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.