Vegetable Oils (excl. soybean)

U.S. Vegetable Oils (excl. soybean) Exports in 2022

Total Export Value
$1.99 Billion
Total Volume (Millions)
1 Metric Tons
3-Year Average
$1.75 Billion
Compound Average Growth
0.44% (2013-2022)

Top 10 Markets for Vegetable Oils (excl. soybean) in 2022

Market Total Value (USD)
Canada $373.84 Million
Singapore $333.28 Million
Mexico $306.8 Million
European Union $227.29 Million
Kuwait $94.77 Million
Saudi Arabia $64.23 Million
Yemen $48.02 Million
Ethiopia $38.33 Million
China $31.47 Million
Qatar $28.51 Million
Top 10 Vegetable Oils (excl. soybean) Export Markets 2013 - 2022
Annual Vegetable Oils (excl. soybean) Exports 2013 - 2022

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Data and Analysis

Attaché Report (GAIN)

Ghana: Ghana Oilseeds Voluntary 2023

Post forecasts MY2023/24 palm oil production up by 20 percent over the current marketing year’s estimate. Total domestic consumption is forecast marginally up, imports are expected to drop by 14 percent due to increased domestic production, but exports are forecast significantly up compared to the current marketing year’s estimate.
Attaché Report (GAIN)

Nigeria: Oilseeds and Products Annual

Despite being one of the largest oil palm-producing countries, Nigeria relies on imports to bridge its supply gap. Private sector investors are expanding oil palm production and increasing processing capacity to take advantage of the prevailing strong domestic and international market demand and high prices.
Attaché Report (GAIN)

Mexico: Oilseeds and Products Annual

FAS/Mexico expects slower growth in the vegetable oil and oil meal sectors in marketing year (MY) 2023/24 compared to recent years, given potential declines in consumer purchasing power, a forecast slowdown in Mexico’s economy, and persistent inflation.

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