Soybean Oil in India | The Observatory of Economic Complexity

About

Exports In 2022, India exported $31M in Soybean Oil, making it the 42nd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 676th most exported product in India. The main destination of Soybean Oil exports from India are: Bhutan ($16.2M), Jordan ($9.59M), Australia ($1.51M), Angola ($974k), and Burma ($865k).

The fastest growing export markets for Soybean Oil of India between 2021 and 2022 were Jordan ($9.59M), Australia ($838k), and Angola ($643k).

Imports In 2022, India imported $6.49B in Soybean Oil, becoming the 1st largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 15th most imported product in India. India imports Soybean Oil primarily from: Argentina ($3.1B), Brazil ($2.36B), United States ($214M), Nepal ($180M), and Switzerland ($148M).

The fastest growing import markets in Soybean Oil for India between 2021 and 2022 were Brazil ($1.58B), United States ($121M), and Russia ($104M).

Apr 2024

View

LinePlot

StackedArea

Flow

Exports

Imports

Y-AXIS SCALE

Linear

Log

Value

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybean Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$31M

IMPORTS (2022)$6.49B

NET TRADE (2022)-$6.46B

In 2022, India exported $31M in Soybean Oil. The main destinations of India exports on Soybean Oil were Bhutan ($16.2M), Jordan ($9.59M), Australia ($1.51M), Angola ($974k), and Burma ($865k).

In 2022, India imported $6.49B in Soybean Oil, mainly from Argentina ($3.1B), Brazil ($2.36B), United States ($214M), Nepal ($180M), and Switzerland ($148M).