Soybean Oil in Venezuela | The Observatory of Economic Complexity

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Imports In 2022, Venezuela imported $365M in Soybean Oil, becoming the 9th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 1st most imported product in Venezuela. Venezuela imports Soybean Oil primarily from: Brazil ($206M), United States ($86.1M), Argentina ($56.5M), Colombia ($13.2M), and Paraguay ($3.48M).

The fastest growing import markets in Soybean Oil for Venezuela between 2021 and 2022 were Argentina ($53.6M), United States ($33M), and Brazil ($16.5M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Soybean Oil from Venezuela to the United States.

Feb 2024

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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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EXPORTS (2018)$8.9k

IMPORTS (2022)$365M

NET TRADE (2022)-$365M

In 2022, Venezuela imported $365M in Soybean Oil, mainly from Brazil ($206M), United States ($86.1M), Argentina ($56.5M), Colombia ($13.2M), and Paraguay ($3.48M).