NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $189MWorld Rnk 14 / 137
Flag Rnk 277 / 1212
2023
Destination $4.73M United States
2022 - 2023
FASTEST GROWING MARKET $4.73MSaudi Arabia
2023
PRODUCT COMPLEXITY IN Soybean Oil-0.85Rnk 795 / 1025
2023
Imports $285MWorld Rnk 10 / 212
Flag Rnk 320 / 1211
2023
Origin $155M Argentina
2022 - 2023
FASTEST GROWING ORIGIN $155MArgentina
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $189M in Soybean Oil, making it the 14th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 277th most exported product in Canada. The main destination of Soybean Oil exports from Canada are: United States ($175M), Saudi Arabia ($6.48M), United Arab Emirates ($3.39M), Qatar ($1.22M), and Macau ($719k).

The fastest growing export markets for Soybean Oil of Canada between 2022 and 2023 were Saudi Arabia ($4.73M), United Arab Emirates ($2.2M), and Qatar ($906k).

Imports In 2023, Canada imported $285M in Soybean Oil, becoming the 10th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 320th most imported product in Canada. Canada imports Soybean Oil primarily from: Argentina ($198M), United States ($84.4M), China ($920k), Malaysia ($647k), and Brazil ($251k).

The fastest growing import markets in Soybean Oil for Canada between 2022 and 2023 were Argentina ($155M), China ($454k), and Brazil ($251k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Soybean Oil exports accounted up to C$15.7M and imports accounted up to C$69.8M, resulting in a negative trade balance of C$54.1M. Between November 2023 and November 2024 the exports of Canada's   Soybean Oil have decreased by C$-6.85M (-30.3%) from C$22.6M to C$15.7M, while imports increased by C$33.1M (90%) from C$36.8M to C$69.8M.

Destinations In November 2024, Soybean Oil were exported mostly to United States (C$14.7M), Saudi Arabia (C$430k), United Arab Emirates (C$177k), Trinidad and Tobago (C$160k), and Saint Kitts and Nevis (C$56k), and were imported mostly from Argentina (C$62.7M), United States (C$6.8M), Malaysia (C$215k), Ukraine (C$41k), and Togo (C$40k).

Growth In November 2024, the decrease in Soybean Oil's year-by-year exports was explained primarily by a decrease in exports to El Salvador (C$-180 or -69.2%). In November 2024, the increase in Soybean Oil's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-6.85M(-30.3%)
IMPORT GROWTH (November 2023 - November 2024)C$33.1M(90%)
MAIN EXPORTER (November 2024)OntarioC$12.5M
MAIN DESTINATION (November 2024)United StatesC$14.7M

This section shows Soybean Oil's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Soybean Oil over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$189M
IMPORTS (2023)$285M
NET TRADE (2023)-$95.7M

In 2023, Canada exported $189M in Soybean Oil. The main destinations of Canada exports on Soybean Oil were United States ($175M), Saudi Arabia ($6.48M), United Arab Emirates ($3.39M), Qatar ($1.22M), and Macau ($719k).

In 2023, Canada imported $285M in Soybean Oil, mainly from Argentina ($198M), United States ($84.4M), China ($920k), Malaysia ($647k), and Brazil ($251k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Saudi Arabia$4.73M (271%)
United Arab Emirates$2.2M (185%)
Qatar$906k (291%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Canada WERE (2022 - 2023):
United States-$6.18M (-3.42%)
Trinidad and Tobago-$987k (-83.3%)
Lebanon-$305k (-66.9%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Soybean Oil were:
Argentina $4.39B
Brazil $2.6B
Netherlands $608M
In 2023, Canada's main importing competitors in Soybean Oil were:
India $3.59B
China $772M
Bangladesh $694M

Explore Visualizations

Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $389k
TOP IMPORT POTENTIALArgentina+ $7.61M

Soybean Oil’s highest export potential is Saudi Arabia. With an export gap of $389k.   Soybean Oil’s highest import potential is Argentina with an import gap of $7.61M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms