Soyabean Oil Prices in Benin
| Variety | Market level | Price (US$/kg) | Local (XOF) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 1,083 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 0.94 | 576 | ▲ 10.5% | ▲ 10.5% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Benin available is US$ 0.94 per kg (576 XOF), up 10.5% year-on-year.
Benin exported 25,367 tonnes of soyabean oil in 2024, valued at US$23,958,212, ranking #20 among 72 exporters and accounting for 0.3% of global exports. The country is a net exporter, with production reaching 23,600 tonnes in 2023, ranking #52 globally. The latest export price is US$0.9445 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Benin
Benin exported 25,367 tonnes of soyabean oil in 2024, valued at US$23,958,212, ranking #20 among 72 exporters and accounting for 0.3% of global exports. The country is a net exporter, with production reaching 23,600 tonnes in 2023, ranking #52 globally. The latest export price is US$0.9445 per kg.
Exports UN Comtrade · 2024
In 2024, Benin exported $24M (25.4 kt) of soyabean oil▲ 265.4% YoY. That ranks #20 worldwide (0.3% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data Benin · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $24M | 25.4 kt | $0.94 |
| 2023 | $6.6M | 7.7 kt | $0.85 |
Production FAOSTAT · 2023
Benin produced 23.6 kt of soyabean oil in 2023▲ 69.8% YoY. It ranks #52 among producing countries (0% 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.