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.
Exports: In 2019 the top exporters of Soybean Oil were Argentina ($3.38B), United States ($724M), Brazil ($697M), Netherlands ($465M), and Russia ($398M).
Imports: In 2019 the top importers of Soybean Oil were India ($2.39B), Algeria ($561M), China ($521M), Bangladesh ($488M), and Morocco ($387M).
Tariffs: In 2018 the average tariff for Soybean Oil was 12.8%, making it the 282nd 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 726th in the Product Complexity Index (PCI).