Vegetable Oils (excl. soybean)
U.S. Vegetable Oils (excl. soybean) Exports in 2024
Total Export Value
$1.14 Billion
Total Volume
700,313 Metric Tons
3-Year Average
$1.52 Billion
Compound Average Growth
-3.39% (2015-2024)
| Market | Total Value (USD) |
|---|---|
| Canada | $298.19 Million |
| Mexico | $204.23 Million |
| European Union | $100.81 Million |
| Kuwait | $47.63 Million |
| Singapore | $28.84 Million |
| Saudi Arabia | $28.39 Million |
| Chile | $22.89 Million |
| Yemen | $21.16 Million |
| China | $19.88 Million |
| Brazil | $19.49 Million |
Data and Analysis
With favorable weather and steady fertilization, palm oil production is anticipated to rise 3 percent reaching 47 million metric tons (MMT) for 2025/26.
FAS Manila forecasts soybean meal imports in Marketing Year (MY) 2025/26 to increase by 3.1 percent to 3.35 million metric tons (MMT) compared to the previous MY, due to an increase in local feed demand from the broiler, layer, aquaculture, and pet food industries, along with the forecast gradual rebound of the swine industry.
Argentina’s oilseed sector enters marketing year (MY) 2025/2026 with diverging trajectories across key crops. Soybean area is forecast to contract by nearly one million hectares as producers revert to traditional corn rotations following a soy-heavy year driven by pest concerns.