Refined soybean oil imports in the United States: data, top suppliers and prices
Imports of refined soybean oil by the United States reached $237.2 million in 2024 (167.3 thousand tonnes). It ranks 2nd of 208 countries for imports of this product. Value rose 10% on 2023. Over 2017-2024 the trade grew strongly, by about 12% a year on average.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $237.2M | 167.3K t |
| 2023 | $214.7M | 141.3K t |
| 2022 | $173.3M | 94.5K t |
| 2021 | $197.6M | 126.0K t |
| 2020 | $92.6M | 110.9K t |
| 2019 | $126.0M | 160.4K t |
| 2018 | $109.6M | 137.0K t |
| 2017 | $108.7M | 128.5K t |
Where the United States imports refined soybean oil from
Argentina alone supplied 50% of it. Among the main suppliers, Argentina grew fastest (+175% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Argentina | $119.6M | 50% |
| Canada | $104.6M | 44% |
| Mexico | $10.1M | 4.3% |
| Dominican Republic | $1.2M | 0.5% |
| Brazil | $642K | 0.3% |
| Spain | $293K | 0.1% |
| South Korea | $179K | 0.1% |
| India | $168K | 0.1% |
| France | $112K | 0.1% |
| China | $107K | 0% |
Average import price per kg
The average declared value was about $1.42 per kg, close to the world average of $1.21.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Refined soybean oil exports from the United States
In 2024, the United States exported refined soybean oil worth $234.4 million (162.6 thousand tonnes). That makes it the 3rd largest exporter of this product worldwide, out of 120 countries. The largest buyer markets were Mexico (40%), Canada (34%), Kenya (6%). Among the main buyer markets, Mexico grew fastest (+219% on the year before).
| Destination | Value | Share |
|---|---|---|
| Mexico | $92.9M | 40% |
| Canada | $80.4M | 34% |
| Kenya | $13.9M | 5.9% |
| Dominican Republic | $5.4M | 2.3% |
| Panama | $5.3M | 2.3% |
| Colombia | $3.2M | 1.4% |
| Bahamas | $2.9M | 1.3% |
| Kuwait | $2.8M | 1.2% |
| Guatemala | $2.6M | 1.1% |
| United Arab Emirates | $2.6M | 1.1% |
Who is behind these numbers in the United States?
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
Tell us what you trade and we will show you the latest records on a live call.
Direct customs feed: shipment-level records from the official customs source.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
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 1507.90: Vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified.
Common questions
What is the value of refined soybean oil imported by the United States?
The United States imported refined soybean oil worth $237.2 million in 2024, the latest year with complete public data, about 167.3 thousand tonnes. That ranks it 2nd of 208 countries worldwide, with 8% of world imports. The value was up 10% on 2023.
Which countries supply refined soybean oil to the United States?
Argentina was the largest supplier with 50% of the value ($119.6 million), followed by Canada (44%) and Mexico (4%). The top three together account for 99%, out of 20 supplier countries in total. Spain grew fastest among the top ten, up 483% on the year.
What is the average import price of refined soybean oil per kg?
The average declared import value was about $1.42 per kg in 2024, 17% above the world average of $1.21 per kg. It is total declared value divided by total weight, so it blends every grade and size; use it as a benchmark, not a quote. Prices per shipment and per company are in EximDataX.
How have imports of refined soybean oil to the United States changed since 2017?
Imports went from $108.7 million in 2017 to $237.2 million in 2024, an increase of 118%. 2024 was the highest year in the period. Monthly and weekly movements since then are in EximDataX.
Does the United States also export refined soybean oil?
Yes. The United States exported $234.4 million worth of this product in 2024, mainly to Mexico, Canada and Kenya. That compares with imports of $237.2 million in the same year.
What is the HS code for refined soybean oil?
The HS code for refined soybean oil is subheading 1507.90. It sits in HS chapter 15 (animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). The full list of codes and descriptions is on the HS 1507 page.
How can I find the companies behind this trade?
Public statistics stop at country totals. EximDataX has a direct customs feed for the United States with shipment-level records, updated weekly, so you can see importers and exporters by name with dates, quantities and declared values. Tell us your product and we will show you the latest records on a live call.
More trade data for the United States
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