Vegetable Oils (excl. soybean)

U.S. Vegetable Oils (excl. soybean) Exports in 2023

Total Export Value
$1.43 Billion
3-Year Average
$1.82 Billion
Compound Average Growth
-1.49% (2014-2023)
Market Total Value (USD)
Canada $315.82 Million
Mexico $277.1 Million
Singapore $149.53 Million
European Union $140.07 Million
Kuwait $62.59 Million
Saudi Arabia $47.09 Million
Ethiopia $29.9 Million
China $26.54 Million
Chile $21.58 Million
Brazil $16.8 Million
Top 10 Vegetable Oils (excl. soybean) Export Markets 2014 - 2023
Annual Vegetable Oils (excl. soybean) Exports 2014 - 2023

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Data and Analysis

Indonesia introduced a new, simplified set of export levies for palm oil products, effective September 21, 2024, amidst decreasing crude palm oil (CPO) exports due to competition from other edible oils. Most of the new levies for palm oil exports will be reduced to between 3 percent to 7.5 percent of the reference price which the Government of Indonesia sets monthly.
Ukraine introduced procedures for the approval of minimum export prices for selected bulk commodities, including grains, oilseeds, vegetable oils and meals, walnuts, and honey.
International Agricultural Trade Report

Growth Potential for U.S. Agricultural Products in Senegal

While the United States holds a 5-year average of less than 1 percent market share ($20.7 million in 2023 exports), Senegal has a growing food manufacturing industry that seeks cost-competitive ingredients and is expanding its exports to neighboring countries.

News and Features

USDA and USAID will deploy $1 billion in Commodity Credit Corporation funding to purchase U.S.-grown commodities to provide emergency food assistance to people in need throughout the world.