🇺🇸 United States exports of soya bean oil: 2024 trade data
The United States exported $482.1 million of soya bean oil in 2024 (399.8 thousand tonnes). That makes it the 4th largest exporter of this product worldwide, out of 129 countries. That is 75% more than in 2023. Over 2017-2024 it shrank by about 9% a year on average. The peak in this period was 2022, at $1.10 billion.
Public statistics, latest reported year 2024. Values in US dollars.
Exports of soya bean oil by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $482.1M | 399.8K t |
| 2023 | $276.2M | 164.8K t |
| 2022 | $1.10B | 696.1K t |
| 2021 | $859.2M | 709.2K t |
| 2020 | $1.06B | 1.32M t |
| 2019 | $729.0M | 925.4K t |
| 2018 | $897.9M | 1.07M t |
| 2017 | $924.6M | 1.05M t |
Where the United States exports soya bean oil to
The largest buyer markets were Mexico (22%), Canada (18%), Colombia (15%). Among the main buyer markets, South Korea grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| 🇲🇽 Mexico | $105.6M | 22% |
| 🇨🇦 Canada | $86.8M | 18% |
| 🇨🇴 Colombia | $72.9M | 15% |
| 🇻🇪 Venezuela | $46.8M | 9.7% |
| 🇩🇿 Algeria | $33.5M | 7% |
| 🇩🇴 Dominican Republic | $28.6M | 5.9% |
| 🇯🇲 Jamaica | $25.3M | 5.3% |
| 🇰🇪 Kenya | $13.9M | 2.9% |
| 🇰🇷 South Korea | $12.4M | 2.6% |
| 🇮🇳 India | $9.1M | 1.9% |
Types of soya bean oil under HS 1507
| 1507.10 | Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified | 51% |
| 1507.90 | Vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified | 49% |
Codes and full descriptions: HS heading 1507.
Average export price of soya bean oil
The average declared value was about $1.21 per kg, 21% above the world average of $1.00. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
The United States also imports soya bean oil
The United States imported $301.7 million of soya bean oil in 2024 (237.7 thousand tonnes). That makes it the 9th largest importer of this product worldwide, out of 211 countries. Most of the value came from Canada (41%), Argentina (40%), Mexico (17%). Among the main suppliers, Argentina grew fastest (+175% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇨🇦 Canada | $123.6M | 41% |
| 🇦🇷 Argentina | $119.6M | 40% |
| 🇲🇽 Mexico | $52.1M | 17% |
| 🇹🇬 Togo | $3.0M | 1% |
| 🇩🇴 Dominican Republic | $1.5M | 0.5% |
| 🇧🇷 Brazil | $642K | 0.2% |
| 🇪🇸 Spain | $297K | 0.1% |
| 🇧🇯 Benin | $220K | 0.1% |
| 🇰🇷 South Korea | $188K | 0.1% |
| 🇮🇳 India | $168K | 0.1% |
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: Soya-bean oil and its fractions; whether or not refined, but not chemically modified.
Soya bean oil trade in the United States: questions
What is the value of soya bean oil imported by the United States?
The United States imported soya bean oil worth $301.7 million in 2024 (237.7 thousand tonnes).
Where does the United States import soya bean oil from?
The main supplier countries in 2024 were Canada (41%), Argentina (40%), Mexico (17%).
What is the average import price of soya bean oil in the United States?
The average declared import value was about $1.27 per kg in 2024, against a world average of $1.00 per kg.
Does the United States export soya bean oil?
Yes. The United States exported soya bean oil worth $482.1 million in 2024, mainly to Mexico, Canada, Colombia.
What is the HS code for soya bean oil?
Soya bean oil falls under HS heading 1507 (Soya-bean oil and its fractions; whether or not refined, but not chemically modified). The six-digit codes under it split the product by type.
How can I find the companies trading soya bean oil with the United States?
These public statistics stop at country level. EximDataX has a direct customs feed for the United States with shipment-level records, updated weekly, where you can see the importers and exporters by name.
Soya bean oil trade in other countries
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