Soybean Oil

U.S. Soybean Oil Exports in 2022

Total Export Value
$1.02 Billion
3-Year Average
$964.07 Million
Compound Average Growth
1.1% (2013-2022)

Top 10 Markets for Soybean Oil in 2022

Market Total Value (USD)
India $207.66 Million
Canada $158.17 Million
South Korea $143.83 Million
Mexico $116.52 Million
Guatemala $96.47 Million
Venezuela $86.06 Million
Dominican Republic $58.87 Million
Colombia $37.62 Million
Jamaica $30.94 Million
Honduras $9.49 Million
Top 10 Soybean Oil Export Markets 2013 - 2022
Annual Soybean Oil Exports 2013 - 2022

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Data and Analysis

Attaché Report (GAIN)

Philippines: Oilseeds and Products Annual

FAS Manila forecasts copra production at 3 million MT for MY 2023/24 because of the coming El Niño and the break from the 3-year productive cycle. Soybean meal imports are projected to reach 2.9 million MT because of expected expansion in the broiler and aquaculture sectors.
Attaché Report (GAIN)

South Korea: Oilseeds and Products Annual

The Korea oilseeds and products market is mature with limited annual change, reflecting stable consumer demand and stagnant domestic production.
Attaché Report (GAIN)

Brazil: Oilseeds and Products Update

In 2022/23, Brazil is forecast to reap a record soybean crop of 153 million metric tons (MMT). Post maintained the forecast for planted area expansion of 43.3 million hectares (ha). Harvest lags behind schedule compared to previous years,

News and Features

April 3, 2023
Export Sales Announcement

Export Sales to Mexico and Unknown Destinations

Private exporters reported the following sales activity: 150,000 MT of corn for delivery to Mexico during MY 2023/2024 and 20,000 MT of soybean oil for delivery to unknown destinations during MY 2022/2023.

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