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2023
Exports $9.6MWorld Rnk 53 / 137
Flag Rnk 29 / 721
2023
Destination $3 India
2022 - 2023
FASTEST GROWING MARKET $3Canada
2023
PRODUCT COMPLEXITY IN Soybean Oil-0.85Rnk 795 / 1025
2023
Imports $3.65MWorld Rnk 105 / 212
Flag Rnk 337 / 1139
2023
Origin $2.92M Ukraine
2022 - 2023
FASTEST GROWING ORIGIN $2.92MUkraine

About

Exports In 2023, Nepal exported $9.6M in Soybean Oil, making it the 53rd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 29th most exported product in Nepal. The main destination of Soybean Oil exports from Nepal are: India ($9.6M) and Canada ($3).

The fastest growing export markets for Soybean Oil of Nepal between 2022 and 2023 were Canada ($3).

Imports In 2023, Nepal imported $3.65M in Soybean Oil, becoming the 105th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 337th most imported product in Nepal. Nepal imports Soybean Oil primarily from: Ukraine ($3.61M), India ($27.1k), and China ($9.48k).

The fastest growing import markets in Soybean Oil for Nepal between 2022 and 2023 were Ukraine ($2.92M), India ($26.9k), and China ($9.48k).

Latest Trends

Jan 2025

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 (2023)$9.6M
IMPORTS (2023)$3.65M
NET TRADE (2023)$5.96M

In 2023, Nepal exported $9.6M in Soybean Oil. The main destinations of Nepal exports on Soybean Oil were India ($9.6M) and Canada ($3).

In 2023, Nepal imported $3.65M in Soybean Oil, mainly from Ukraine ($3.61M), India ($27.1k), and China ($9.48k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Nepal WERE (2022 - 2023):Canada$3 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Nepal WERE (2022 - 2023):India-$148M (-93.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $87.1M
TOP IMPORT POTENTIALUnited States+ $2.6M

Soybean Oil’s highest export potential is India. With an export gap of $87.1M.   Soybean Oil’s highest import potential is United States with an import gap of $2.6M.

See methodology.

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