Exports In 2022, Brazil exported $3.99B in Soybean Oil, making it the 2nd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 15th most exported product in Brazil. The main destination of Soybean Oil exports from Brazil are: India ($2.36B), Bangladesh ($393M), China ($240M), Venezuela ($206M), and Iran ($202M).
The fastest growing export markets for Soybean Oil of Brazil between 2021 and 2022 were India ($1.58B), Bangladesh ($191M), and Iran ($106M).
Imports In 2022, Brazil imported $25.7M in Soybean Oil, becoming the 71st largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 599th most imported product in Brazil. Brazil imports Soybean Oil primarily from: Paraguay ($21M), Bolivia ($2.67M), Uruguay ($1.48M), Germany ($223k), and Argentina ($131k).
The fastest growing import markets in Soybean Oil for Brazil between 2021 and 2022 were Uruguay ($929k), Bolivia ($837k), and Netherlands ($111k).
COMPANIES In 2023, leading companies such as Barry Callebaut (3) were at the forefront of shipping Soybean Oil from Brazil to the United States.