Overview This page contains the latest trade data of Soybean Oil. In 2021, Soybean Oil were the world's 240th most traded product, with a total trade of $17.1B. Between 2020 and 2021 the exports of Soybean Oil grew by 59.9%, from $10.7B to $17.1B. Trade in Soybean Oil represent 0.00082% of total world trade.
Soybean Oil are a part of Animal or vegetable fats, oils, & waxes. They include Soya-bean oil crude, whether or not degummed and Refined soya-bean oil, not chemically modified.
Exports In 2021 the top exporters of Soybean Oil were Argentina ($6.17B), Brazil ($2.06B), United States ($901M), Netherlands ($879M), and Paraguay ($702M).
Imports In 2021 the top importers of Soybean Oil were India ($5.6B), China ($1.05B), Bangladesh ($905M), Algeria ($798M), and Morocco ($602M).
Tariffs In 2018 the average tariff for Soybean Oil was 12.6%, making it the 279th lowest tariff using the HS4 product classification.
Ranking Soybean Oil ranks 863rd in the Product Complexity Index (PCI).