Soybean Oil in India | OEC - The Observatory of Economic Complexity

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Exports In 2021, India exported $21.9M in Soybean Oil, making it the 46th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 716th most exported product in India. The main destination of Soybean Oil exports from India are: Bhutan ($16.7M), Canada ($1.53M), Mauritania ($1.14M), Burma ($1.01M), and Australia ($644k).

The fastest growing export markets for Soybean Oil of India between 2020 and 2021 were Bhutan ($6.21M), Burma ($1.01M), and Mauritania ($258k).

Imports In 2021, India imported $5.6B in Soybean Oil, becoming the 1st largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 11th most imported product in India. India imports Soybean Oil primarily from: Argentina ($3.31B), Brazil ($776M), Nepal ($591M), Netherlands ($223M), and Paraguay ($220M).

The fastest growing import markets in Soybean Oil for India between 2020 and 2021 were Argentina ($1.27B), Brazil ($528M), and Nepal ($386M).

Jun 2023

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybean Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Year

EXPORTS (2021): $21.9M

IMPORTS (2021): $5.6B

NET TRADE (2021): -$5.58B

In 2021, India exported $21.9M in Soybean Oil. The main destinations of India exports on Soybean Oil were Bhutan ($16.7M), Canada ($1.53M), Mauritania ($1.14M), Burma ($1.01M), and Australia ($644k).

In 2021, India imported $5.6B in Soybean Oil, mainly from Argentina ($3.31B), Brazil ($776M), Nepal ($591M), Netherlands ($223M), and Paraguay ($220M).