Sign In
Pricing

2022
Exports $1.06BWorld Rnk 3 / 135
Flag Rnk 245 / 1217
2022
Destination $121M India
2021 - 2022
FASTEST GROWING MARKET $121MIndia
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $199MWorld Rnk 23 / 215
Flag Rnk 756 / 1216
2022
Origin $11.5M Canada
2021 - 2022
FASTEST GROWING ORIGIN $11.5MParaguay
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.06B in Soybean Oil, making it the 3rd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 245th most exported product in United States. The main destination of Soybean Oil exports from United States are: India ($214M), South Korea ($158M), Canada ($157M), Mexico ($104M), and Guatemala ($97.4M).

The fastest growing export markets for Soybean Oil of United States between 2021 and 2022 were India ($121M), Canada ($98.8M), and Venezuela ($33M).

Imports In 2022, United States imported $199M in Soybean Oil, becoming the 23rd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 756th most imported product in United States. United States imports Soybean Oil primarily from: Canada ($181M), Paraguay ($11.5M), Dominican Republic ($2.15M), Mexico ($1.86M), and Argentina ($934k).

The fastest growing import markets in Soybean Oil for United States between 2021 and 2022 were Paraguay ($11.5M), Dominican Republic ($1.9M), and Argentina ($427k).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (38), Rothfos (5), and CrimsonLogic (4) were at the forefront of shipping Soybean Oil to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Soybean Oil exports accounted up to $32.7M and imports accounted up to $9.52M, resulting in a positive trade balance of $23.2M. Between September 2023 and September 2024 the exports of United States'   Soybean Oil have increased by $8.9M (37.3%) from $23.8M to $32.7M, while imports decreased by $-4.91M (-34%) from $14.4M to $9.52M.

Destinations In September 2024, Soybean Oil were exported mostly to Canada ($11.9M), Mexico ($7.64M), Venezuela ($6.44M), Jamaica ($3.51M), and Dominican Republic ($569k), and were imported mostly from Mexico ($5.64M), Canada ($3.62M), Togo ($174k), India ($47.9k), and Argentina ($25.3k).

Growth In September 2024, the increase in Soybean Oil's year-by-year exports was explained primarily by an increase in exports to Jordan ($246k or 217%), United Arab Emirates ($128k or 99.6%), and Panama ($123k or 27.1%). In September 2024, the decrease in Soybean Oil's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$8.9M(37.3%)
IMPORT GROWTH (September 2023 - September 2024)$-4.91M(-34%)
MAIN EXPORTER (September 2024)Louisiana$35.7M
MAIN DESTINATION (September 2024)Canada$11.9M

This section shows Soybean Oil's exports and imports data at subnational level for United States. 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 (2022)$1.06B
IMPORTS (2022)$199M
NET TRADE (2022)$860M

In 2022, United States exported $1.06B in Soybean Oil. The main destinations of United States exports on Soybean Oil were India ($214M), South Korea ($158M), Canada ($157M), Mexico ($104M), and Guatemala ($97.4M).

In 2022, United States imported $199M in Soybean Oil, mainly from Canada ($181M), Paraguay ($11.5M), Dominican Republic ($2.15M), Mexico ($1.86M), and Argentina ($934k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR United States WERE (2021 - 2022):
India$121M (131%)
Canada$98.8M (169%)
Venezuela$33M (62.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY United States WERE (2021 - 2022):
South Korea-$50.9M (-24.4%)
Peru-$40.5M (-99.7%)
Algeria-$29.5M (-100%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
In 2022, United States's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

Explore Visualizations

Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $50.8M
TOP IMPORT POTENTIALParaguay+ $5.99M

Soybean Oil’s highest export potential is India. With an export gap of $50.8M.   Soybean Oil’s highest import potential is Paraguay with an import gap of $5.99M.

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