Overview This page contains the latest trade data of Soybean Oil. In 2020, Soybean Oil were the world's 302nd most traded product, with a total trade of $10.4B. Between 2019 and 2020 the exports of Soybean Oil grew by 16.3%, from $8.98B to $10.4B. Trade in Soybean Oil represent 0.062% 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 2020 the top exporters of Soybean Oil were Argentina ($3.9B), United States ($1.03B), Brazil ($767M), Netherlands ($545M), and Russia ($444M).
Imports In 2020 the top importers of Soybean Oil were India ($3.02B), China ($789M), Algeria ($494M), Bangladesh ($461M), and Morocco ($391M).
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 815th in the Product Complexity Index (PCI).