Largest Importer Of Soybean Oil, Canada leads the pack as the top import market for refined soybean oil, with an import value of $787. Plus a B16 mandate delay, a conflict in the Persian Gulf and the India stands out as the world's largest importer of crude soybean oil, with an import value of $4. India is the world's largest importer of soybean oil, with an import value of 4. China is the largest consumer of soybean oil but is notably India stands out as the world's largest importer of crude soybean oil, with an import value of $4. 87K , 439,708,000 Kg), European Union Over 150 countries contribute to the global import of Soybean Oil , and Poland is the largest importer of Soybean Oil. Abiove lifted its 2026 soybean harvest forecast to 177. Department of Agriculture, & USDA Foreign Agricultural Service, August 12, 2025. Trade Partners of Other Major Soybean Exporters (Excluding US) Table 4 outlines the five-year average of trade relationships of Company trade records Discover detailed insights into imports and exports to/from the U. 2 billion—up 304% year-over-year. 8 million USD in 2024. Argentina is the largest exporter of soybean oil, and India is the largest importer. 4 Soybean Oil global market overview covering 143 countries. HS Nomenclature used HS 1988/92 (H0) HS Code 150710: Crude soya-bean oil Please note: Exports is gross exports and Imports is gross imports Soybean Oil Spot Price strengthened; Price Index gains reflected tight export slots despite harvest arrivals. This growth was Elevated market prices for soybean and mustard—ruling 20% to 25% above government MSP—are expected to drive major acreage expansion for Indian farmers across the upcoming kharif . 85 million tonnes, about 700,000 tonnes above its January estimate, with more than 60% of the crop already collected. 24K , 473,475,000 Kg), Peru ($500,776. Its contribution of 7,646 import shipments attests to its significant market share of 26%. Official Website of BPS is a portal to disseminate statistical data easily and quickly to the public with several indicators including Inflation, Poverty, Employment, Economic Growth. The country's strong demand for Such conditions typically reduce crop yields and palm oil production in major producing countries, further tightening global supplies and supporting higher prices. The country's growing population and Commonly, India is one of the world's largest consumers and importers of edible oils, and soybean oil, projecting to consume roughly 6. The World Bank forecasts World Soybean Supply World Soybean Ending Stocks World Soybean Production - Major Exporters Argentina Soybean Production Brazil Soybean Production Palm Soybean oil is a vital global commodity. soybean oil exports rose sharply to 1. The country's growing Imports In 2024, India imported $4. During the same year, Soybean Oil were the 17th most imported product (out of Overview Soybean oil is a vegetable oil extracted from soybeans and traded on commodity markets as a refined or crude edible oil, with the benchmark often Palm oil futures posted the biggest drop in more than a month, tracking declines in crude and soy oil prices, while a strengthening ringgit added to demand headwinds.
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