Vegetable Oils (excl. soybean)
U.S. Vegetable Oils (excl. soybean) Exports in 2022
Total Export Value
$1.97 Billion
Total Volume (Millions)
1 Metric Tons
3-Year Average
$1.79 Billion
Compound Average Growth
0.33% (2013-2022)
Top 10 Markets for Vegetable Oils (excl. soybean) in 2022
| Market | Total Value (USD) |
|---|---|
| Canada | $373.73 Million |
| Singapore | $323.01 Million |
| Mexico | $305.88 Million |
| European Union | $221.19 Million |
| Kuwait | $94.77 Million |
| Saudi Arabia | $64.14 Million |
| Yemen | $45.33 Million |
| Ethiopia | $38.38 Million |
| China | $31.53 Million |
| Qatar | $28.67 Million |
Data and Analysis
Post increased its forecast for soybean planted area to 45.4 million hectares for 2022/23, up previously from 45.2 million hectares.
MY 2023/24 sunflowerseed production is forecast at 1.6 million metric tons (MMT), which is down nearly 20 percent year-over-year because of drought-related losses in Thrace, Turkey’s leading sunflower producing region.
India’s soybean oilseed and rapeseed production estimates for marketing year (MY) 2022/23 (October-September) increased to 12.4 and 11.8 million metric tons (MMT) respectively due to favorable weather conditions.