Overview: This page contains the latest trade data of Soybean Oil. In 2019, Soybean Oil were the world's 352nd most traded product, with a total trade of $8.79B. Between 2018 and 2019 the exports of Soybean Oil decreased by -2.25%, from $8.99B to $8.79B. Trade in Soybean Oil represent 0.049% of total world trade.
Top Destination Growth (2018 - 2019): India, $100M
Between 2018 and 2019, the exports of Soybean Oil grew the fastest in Argentina ($349M), Switzerland ($91.3M), Egypt ($64.1M), Ukraine ($58.4M), and Nepal ($47.8M).
Between 2018 and 2019, the fastest growing importers of Soybean Oil were India ($100M), Egypt ($76.9M), Algeria ($65.1M), Argentina ($62.4M), and Ecuador ($62.2M).
This chart shows the evolution of the market concentration of exports of Soybean Oil.
In 2019, market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Soybean Oil are explained by 13 countries.
This map shows which countries export or import more of Soybean Oil. Each country is colored based on the difference in exports and imports of Soybean Oil during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Soybean Oil were Argentina ($3.29B), Brazil ($667M), United States ($589M), Paraguay ($383M), and Netherlands ($380M).
In 2019, the countries that had a largest trade value in imports than in exports of Soybean Oil were India ($2.37B), Algeria ($561M), Bangladesh ($487M), Morocco ($381M), and Peru ($356M).
In 2018, the average tariff for importing Soybean Oil was 12.8%. The countries with the highest tariffs for importing Soybean Oil were Barbados (149%), Thailand (142%), Jamaica (40%), Venezuela (38.5%), and Trinidad and Tobago (37.8%).
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.