Soyabean Oil Prices in Argentina
| Variety | Market level | Price (US$/kg) | Local (ARS) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 414 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.02 | 238 | ▲ 9.4% | ▲ 9.4% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Argentina available is US$ 1.02 per kg (238 ARS), up 9.4% year-on-year.
Argentina is the world's leading exporter of soyabean oil, shipping 4,976,568 tonnes in 2024 and accounting for 51.5% of global exports, with a 40.4% year-on-year increase. The country produced 5,275,641 tonnes in 2023, ranking fifth globally and representing 6.8% of world output, though production declined by 29.2% year-on-year. The latest export unit value is US$1.0197 per kg. Argentina is a net exporter of soyabean oil.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Argentina
Argentina is the world's leading exporter of soyabean oil, shipping 4,976,568 tonnes in 2024 and accounting for 51.5% of global exports, with a 40.4% year-on-year increase. The country produced 5,275,641 tonnes in 2023, ranking fifth globally and representing 6.8% of world output, though production declined by 29.2% year-on-year. The latest export unit value is US$1.0197 per kg. Argentina is a net exporter of soyabean oil.
Exports UN Comtrade · 2024
In 2024, Argentina exported $4.64B (4.98 Mt) of soyabean oil▲ 40.4% YoY. That ranks #1 worldwide (51.5% of global exports).
Export value by year (US$)
Export volume by year
Top soyabean oil exporters worldwide UN Comtrade · 2024
- #1 Argentina $4.64B · 51.5%
- #2 Brazil $1.15B · 12.7%
- #3 Paraguay $409.2M · 4.5%
- #4 Turkey $348.5M · 3.9%
- #5 US $310.7M · 3.5%
Annual export data Argentina · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $4.64B | 4.98 Mt | $0.93 |
| 2023 | $3.3B | 3.13 Mt | $1.05 |
| 2022 | $5.88B | 4.04 Mt | $1.46 |
| 2021 | $5.18B | 4.5 Mt | $1.15 |
| 2020 | $3.63B | 5.15 Mt | $0.7 |
Production FAOSTAT · 2023
Argentina produced 5.28 Mt of soyabean oil in 2023▼ 29.2% YoY. It ranks #5 among producing countries (6.8% of world output).
Production by year (tonnes)
HS Code
soyabean oil is traded under Harmonized System code 1507.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO). Values are official reported figures.