FAO FAOSTAT Trade Data · Commodity · Code 237
Soya bean oil
Global agricultural trade data from FAO FAOSTAT. Cumulative 2018–2023 values for the top 50 trading nations.
- $73.5B
- exports, 2018–2023
- $81.9B
- imports, 2018–2023
- 47.3%
- of trade is exports
- #27 of 100
- by cumulative trade value
Falling latest-year exports
Soya bean oil in the heavy-trade third
Top-50 export value for Soya bean oil fell about 33% on the latest full-year pair in this extract.
Cumulative 2018–2023 trade in Soya bean oil reached $155.4B across the top 50 trading nations - a heavy-third book where duty shifts move real volume. Argentina leads exports; India leads imports. Closely related US lines usually sit in HTS Chapter 12; map each shipment to the exact 8- or 10-digit subheading before quoting landed cost on a heavy book.
Dig deeper: HTS Chapter 12 rates. Source: FAO FAOSTAT Trade: Crops and Livestock (USD converted from 1000 USD units).
Trade Trend (2019–2023)
| Year | Total Exports (top 50 countries) | Total Imports (top 50 countries) |
|---|---|---|
| 2019 | $7.4B | $5.9B |
| 2020 | $8.5B | $7.4B |
| 2021 | $13.2B | $12.0B |
| 2022 | $16.5B | $14.0B |
| 2023 | $11.1B | $10.5B |
Top Exporters (2023)
| # | Country | Export Value |
|---|---|---|
| 1 | Argentina | $3.9B |
| 2 | Brazil | $2.5B |
| 3 | Netherlands (Kingdom of the) | $626.8M |
| 4 | Russian Federation | $455.5M |
| 5 | Spain | $409.7M |
| 6 | Thailand | $316.4M |
| 7 | Türkiye | $301.3M |
| 8 | Italy | $241.3M |
| 9 | United States of America | $234.5M |
| 10 | Canada | $187.7M |
Top Importers (2023)
| # | Country | Import Value |
|---|---|---|
| 1 | India | $4.0B |
| 2 | Bangladesh | $777.4M |
| 3 | Republic of Korea | $565.7M |
| 4 | Iran (Islamic Republic of) | $538.1M |
| 5 | China; mainland | $451.6M |
| 6 | Egypt | $341.0M |
| 7 | Canada | $328.5M |
| 8 | Colombia | $285.3M |
| 9 | Spain | $275.9M |
| 10 | Chile | $257.8M |
Frequently Asked Questions
Which countries export the most Soya bean oil? ▼
Which countries import the most Soya bean oil? ▼
How has global trade in Soya bean oil changed over time? ▼
What tariffs apply to importing Soya bean oil into the US? ▼
Where does the trade data come from? ▼
Where does Soya bean oil rank among agricultural commodities tracked on PlainTariff? ▼
Nationwide commodities with similar trade scale
Two FAO FAOSTAT peer sets for Soya bean oil, each excluding this commodity (country tables above stay the bilateral path).
Similar total trade value
Nearest other commodities by cumulative global trade ($155.4B here).
Similar export share
Nearest other commodities by exports ÷ total trade (47.3% here).
Sources: U.S. International Trade Commission Harmonized Tariff Schedule (2026 Basic Edition) and FAO FAOSTAT Trade: Crops and Livestock. See our methodology for how figures are computed.
Every figure on PlainTariff is rendered directly from federal source data, no number is typed in by an editor. This page draws directly on federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.