Exports In 2023, India exported $23.4M in Soybean Oil, making it the 40th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 724th most exported product in India. The main destination of Soybean Oil exports from India are: Bhutan ($13.4M), Australia ($2.2M), United Arab Emirates ($1.71M), Indonesia ($1.36M), and Angola ($1.01M).
The fastest growing export markets for Soybean Oil of India between 2022 and 2023 were Indonesia ($1.25M), United Arab Emirates ($1.16M), and Mauritania ($845k).
Imports In 2023, India imported $3.59B in Soybean Oil, becoming the 1st largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 25th most imported product in India. India imports Soybean Oil primarily from: Argentina ($1.52B), Brazil ($1.38B), Russia ($188M), Paraguay ($182M), and Iraq ($116M).
The fastest growing import markets in Soybean Oil for India between 2022 and 2023 were Iraq ($116M), Russia ($83M), and Thailand ($72.2M).