Refined corn oil trade by country: top importers, exporters and prices
World trade in refined corn oil was worth $438.1 million in 2024, about 277.3 thousand tonnes. That is a fall of 6% since 2017, and down 16% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $438.1M | 277.3K t |
| 2023 | $520.2M | 268.2K t |
| 2022 | $588.0M | 276.9K t |
| 2021 | $506.9M | 276.3K t |
| 2020 | $384.9M | 285.3K t |
| 2019 | $395.3M | 318.0K t |
| 2018 | $470.1M | 366.8K t |
| 2017 | $465.8M | 340.8K t |
Top refined corn oil exporting countries
Exports are led by the United States (24%), Turkey (18%) and Saudi Arabia (8%). 90 countries reported exports, and the top three account for 50%.
| Exporter | Value | Share |
|---|---|---|
| United States | $103.2M | 24% |
| Turkey | $78.1M | 18% |
| Saudi Arabia | $36.3M | 8.3% |
| Canada | $26.6M | 6.1% |
| Belgium | $20.1M | 4.6% |
| China | $19.0M | 4.3% |
| Italy | $16.6M | 3.8% |
| Egypt | $13.2M | 3% |
| France | $12.5M | 2.9% |
| United Arab Emirates | $11.5M | 2.6% |
| Russia | $11.4M | 2.6% |
| Tunisia | $10.7M | 2.4% |
Top importing countries and buyer markets
The largest importers are Kuwait (18%), Libya (17%) and the United States (7%). 179 countries imported it, and the top three take 42% of the value.
| Importer | Value | Share |
|---|---|---|
| Kuwait | $78.4M | 18% |
| Libya | $72.9M | 17% |
| United States | $32.7M | 7.5% |
| United Arab Emirates | $29.9M | 6.8% |
| Saudi Arabia | $24.9M | 5.7% |
| Azerbaijan | $16.4M | 3.8% |
| Canada | $12.1M | 2.8% |
| Germany | $11.5M | 2.6% |
| Jordan | $11.4M | 2.6% |
| Malaysia | $9.9M | 2.3% |
| Netherlands | $9.2M | 2.1% |
| Mexico | $8.7M | 2% |
Average price per kg
The world average declared value was about $1.58 per kg in 2024. Among the main exporters, Saudi Arabia averaged $2.80 per kg and China $1.40 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 1515.29: Vegetable oils: maize (corn) oil and its fractions, other than crude, whether or not refined, but not chemically modified. HS 1515 codes.
Common questions
Which countries export the most refined corn oil?
The United States exported $103.2 million in 2024, 24% of the world total, followed by Turkey (18%) and Saudi Arabia (8%). In all, 90 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most refined corn oil?
Kuwait imported $78.4 million in 2024, 18% of world imports, ahead of Libya (17%) and the United States (7%). The top three importers together take 42%. Each country with its own page is linked from the table.
How big is the world trade in refined corn oil?
It was worth $438.1 million in 2024, about 277.3 thousand tonnes. That is a fall of 6% since 2017. The peak year was 2022 at $588.0 million. 90 countries reported exports and 179 reported imports.
What is the average price of refined corn oil per kg?
The world average declared value was about $1.58 per kg in 2024. Among the main exporters, Saudi Arabia averaged $2.80 per kg and China $1.40 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for refined corn oil?
The HS code for refined corn oil is subheading 1515.29, in chapter 15 (animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 1515 page.
How can I find refined corn oil buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
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