Soybean Oil

U.S. Soybean Oil Exports in 2022

Total Export Value
$1.01 Billion
3-Year Average
$963.24 Million
Compound Average Growth
1% (2013-2022)

Top 10 Markets for Soybean Oil in 2022

Market Total Value (USD)
India $207.63 Million
Canada $158.29 Million
South Korea $143.82 Million
Mexico $116.52 Million
Guatemala $94.8 Million
Venezuela $86.06 Million
Dominican Republic $58.87 Million
Colombia $37.62 Million
Jamaica $30.94 Million
Honduras $9.49 Million
Top 10 Soybean Oil Export Markets 2013 - 2022
Annual Soybean Oil Exports 2013 - 2022

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Data and Analysis

On October 17, 2023, the Ministry of Agriculture and Rural Affairs (MARA) published the revised "Administrative Measures on Labeling Agricultural Genetically Modified Organisms (GMOs) (Draft for Comments)." Significant updates in the revised draft...
Attaché Report (GAIN)

Brazil: Oilseeds and Products Update

Post increased its forecast for soybean planted area to 45.4 million hectares for 2022/23, up previously from 45.2 million hectares.
Attaché Report (GAIN)

Brazil: Oilseeds and Products Update

For 2023/24, Post forecasts soybean planted area at 45.2 million hectares (ha), and production at 159 million metric tons (MMT), based on a yield of 3.52 mt per ha.

News and Features

Export Sales Announcement

Export Sales to Mexico and Unknown Destinations

Private exporters reported the following sales activity: 150,000 MT of corn for delivery to Mexico during MY 2023/2024 and 20,000 MT of soybean oil for delivery to unknown destinations during MY 2022/2023.

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