Overview: In 2018, Soybean Oil were the world's 356th most traded product, with a total trade of $8.75B. Between 2017 and 2018 the exports of Soybean Oil decreased by -5.98%, from $9.3B to $8.75B. Trade in Soybean Oil represent 0.048% of total world trade.
Exports: In 2018 the top exporters of Soybean Oil were Argentina ($2.95B), Brazil ($1.03B), United States ($863M), Netherlands ($512M), and Paraguay ($473M).
Imports: In 2018 the top importers of Soybean Oil were India ($2.28B), Bangladesh ($653M), Algeria ($496M), China ($488M), and Morocco ($379M).
Tariffs: In 2018 the average tariff for Soybean Oil was 12.8%, been the 282 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Soybean Oil are Barbados (149%), Thailand (142%), Jamaica (40%), Venezuela (38.5%), and Trinidad and Tobago (37.8%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Hong Kong (0%), Japan (0%), and Laos (0%).
Ranking: Soybean Oil ranks 810th in the Product Complexity Index (PCI).