Vegetable Oils (ex. soybean)

U.S. Vegetable Oils (ex. soybean) Exports in 2021

Total Export Value
$1.86 Billion
Total Volume (Millions)
1 Metric Tons
3-Year Average
$1.51 Billion
Compound Average Growth
-2.37% (2012-2021)

Top 10 Markets for Vegetable Oils (ex. soybean) in 2021

Market Total Value (USD)
Canada $335.48 Million
Mexico $285.47 Million
Singapore $278.71 Million
European Union $193.36 Million
Saudi Arabia $80.97 Million
Kuwait $61.31 Million
United Kingdom $60.51 Million
Egypt $47.12 Million
China $37.44 Million
Ethiopia $31.68 Million
Top 10 Vegetable Oils (ex. soybean) Export Markets 2012 - 2021
Annual Vegetable Oils (ex. soybean) Exports 2012 - 2021

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Data and Analysis

Attaché Report (GAIN)

Argentina: Oilseeds and Products Update

Dry weather and high temperatures in the last months of 2022 have damaged the Marketing Year (MY) 2022/23 Argentine soybean crop, particularly affecting first crop soybeans within a 125 kilometer radius of Rosario, Santa Fe Province.
On January 11, 2023, India’s Ministry of Commerce and Industry/Directorate General of Foreign Trade (DGFT) issued Public Notice No. 50/2015-20. The notice specifies that India amended its previous tariff-rate quota of 2 million metric tons for crude soybean oil, previously allowable at a zero percent duty through Indian fiscal years (IFY) 2022/23 and 2023/24 (April 1-March 31).
Attaché Report (GAIN)

Malaysia: Oilseeds and Products Update

Post maintains the projections for 2021/22 and updates MY 2022/23 with an optimistic outlook on production resulting from good weather conditions and an improved labor situation.

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