Soybean Oil

U.S. Soybean Oil Exports in 2021

Total Export Value
$888.83 Million
3-Year Average
$869.88 Million
Compound Average Growth
-2.62% (2012-2021)

Top 10 Markets for Soybean Oil in 2021

Market Total Value (USD)
South Korea $185.24 Million
Guatemala $109.99 Million
Mexico $89.07 Million
India $83.26 Million
Dominican Republic $62.75 Million
Canada $58.83 Million
Venezuela $53.07 Million
Peru $45.24 Million
Colombia $42.51 Million
Algeria $29.5 Million
Top 10 Soybean Oil Export Markets 2012 - 2021
Annual Soybean Oil Exports 2012 - 2021

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Data and Analysis

On January 11, 2023, India’s Ministry of Commerce and Industry/Directorate General of Foreign Trade (DGFT) issued Public Notice No. 50/2015-20. The notice specifies that India amended its previous tariff-rate quota of 2 million metric tons for crude soybean oil, previously allowable at a zero percent duty through Indian fiscal years (IFY) 2022/23 and 2023/24 (April 1-March 31).
Attaché Report (GAIN)

Vietnam: Oilseeds and Products Update

Post revises the total feed demand forecast down to 26.6 million tons in MY2021/22 as Vietnam continues to face issues with African Swine Fever, inflation, and high feed ingredient costs.
Interactive Tableau visualization showing the percentage of exported agricultural production for 25 top commodities.

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