Refined Soybean Oil Exports and Imports
Compare sourcing countries and buying markets using reported trade values.
World exports · 2025
$2.6B
+2.4%vs. 2024
World imports · 2025
$3.5B
+22.0%vs. 2024
Annual reported values in USD. Exports and imports can differ because of valuation and reporting practices.
Refined Soybean Oil Trade by Country
Argentina led reported refined soybean oil exports in 2025, with 24% of world export value.
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Refined Soybean Oil Exporters and Importers
India was the largest reported import market in 2025, at $1B.
Top Refined Soybean Oil Exporters
Argentina leads exports at $611M in 2025.
| Country | Value 2025 | Share |
|---|---|---|
| $611M | 24% | |
| $331M | 13% | |
| $308M | 12% | |
Bolivia | $164M | 6.3% |
Malaysia | $161M | 6.2% |
| $154M | 5.9% | |
Canada | $139M | 5.4% |
| $108M | 4.2% | |
Germany | $79.9M | 3.1% |
Spain | $77.3M | 3.0% |
Egypt | $70.1M | 2.7% |
Dominican Republic | $53.7M | 2.1% |
Colombia | $45.8M | 1.8% |
India | $41.9M | 1.6% |
Portugal | $32.8M | 1.3% |
United Kingdom | $23.3M | 0.9% |
South Africa | $20M | 0.8% |
Morocco | $16.4M | 0.6% |
Sweden | $14.8M | 0.6% |
Belgium | $13.7M | 0.5% |
Mexico | $13.5M | 0.5% |
France | $13.1M | 0.5% |
Italy | $10.2M | 0.4% |
Singapore | $8.1M | 0.3% |
Türkiye | $8M | 0.3% |
Top Refined Soybean Oil Importers
India leads imports at $1B in 2025.
| Country | Value 2025 | Share |
|---|---|---|
India | $1B | 29% |
Canada | $413M | 12% |
Chile | $247M | 7.0% |
Mexico | $182M | 5.1% |
Belgium | $165M | 4.6% |
United Kingdom | $159M | 4.5% |
South Korea | $155M | 4.4% |
| $132M | 3.7% | |
Italy | $102M | 2.9% |
Philippines | $82.5M | 2.3% |
China, Hong Kong Special Administrative Region | $80.2M | 2.3% |
Panama | $69.3M | 2.0% |
Colombia | $60.5M | 1.7% |
Spain | $50.5M | 1.4% |
Indonesia | $49.6M | 1.4% |
Malaysia | $47.3M | 1.3% |
Germany | $41.8M | 1.2% |
Ireland | $38M | 1.1% |
Australia | $36.7M | 1.0% |
Trinidad and Tobago | $32.8M | 0.9% |
Ecuador | $25.5M | 0.7% |
South Africa | $24.9M | 0.7% |
Singapore | $22.3M | 0.6% |
France | $21.9M | 0.6% |
New Zealand | $20.9M | 0.6% |
Reported Bilateral Flows
These refined soybean oil filings identify the reporting country, its trading partner and the direction of trade for Aug 2025–Jul 2026.
| Reporter | Partner | Reported value |
|---|---|---|
| India Imports | NPL | $767M |
| Canada Imports | Argentina | $458M |
| Argentina Exports | Canada | $343M |
| Chile Imports | Argentina | $241M |
| Canada Exports | United States | $158M |
| United States Imports | Canada | $158M |
| Belgium Imports | Netherlands | $152M |
| United States Exports | Mexico | $151M |
| Mexico Imports | United States | $136M |
| Argentina Exports | Chile | $133M |
| United Kingdom Imports | Netherlands | $130M |
| Bolivia Exports | Peru | $100M |
| Netherlands Exports | United Kingdom | $71.6M |
| HKG Imports | China | $70.3M |
| United States Exports | Canada | $61.5M |
| Canada Imports | United States | $59M |
| Brazil Exports | Peru | $57M |
| Netherlands Exports | Belgium | $53M |
| South Korea Imports | China | $49.5M |
| Colombia Imports | Bolivia | $42.1M |
| Malaysia Imports | China | $40.4M |
| Thailand Exports | Vietnam | $39.7M |
| Malaysia Exports | Australia | $39.4M |
| Australia Imports | Malaysia | $37.9M |
| Bolivia Exports | Colombia | $36.9M |
| Malaysia Exports | Philippines | $36.6M |
| Portugal Exports | AGO | $34.9M |
| Colombia Exports | VEN | $34.2M |
| PAN Imports | Argentina | $33.7M |
| DOM Exports | HTI | $32.9M |
Understand customs valuation and how we handle reporting differences in our methodology.