2022
Exports
$31MWorld Rnk 42 / 135
Flag Rnk 676 / 1212
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$6.49BWorld Rnk 1 / 215
Flag Rnk 15 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

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).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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.

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Historical Data

Trade Balance

Color
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).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR India WERE (2021 - 2022):
Jordan$9.59M (47.9M%)
Australia$838k (125%)
Angola$643k (194%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY India WERE (2021 - 2022):
Canada-$1.52M (-99.9%)
Mauritania-$1.26M (-100%)
Bhutan-$541k (-3.23%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Soybean Oil were:
In 2022, India's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $344k
TOP IMPORT POTENTIALNepal+ $87.1M

Soybean Oil’s highest export potential is United Arab Emirates. With an export gap of $344k.   Soybean Oil’s highest import potential is Nepal with an import gap of $87.1M.

See methodology.

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