Soyabean Oil Prices in China
| Variety | Market level | Price (US$/kg) | Local (CNY) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 12.45 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.22 | 8.53 | ▲ 0.3% | ▲ 0.3% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in China available is US$ 1.22 per kg (8.53 CNY), up 0.3% year-on-year.
China exported 7,301 tonnes of soyabean oil in 2024, valued at US$8.88 million, ranking #28 among 72 exporters and accounting for 0.1% of global exports. Despite being the world's second-largest producer with 17,356,200 tonnes in 2023 (22.5% of global output), exports fell by 64.8% year-on-year. The latest export unit value is US$1.2166 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in China
China exported 7,301 tonnes of soyabean oil in 2024, valued at US$8.88 million, ranking #28 among 72 exporters and accounting for 0.1% of global exports. Despite being the world's second-largest producer with 17,356,200 tonnes in 2023 (22.5% of global output), exports fell by 64.8% year-on-year. The latest export unit value is US$1.2166 per kg.
Exports UN Comtrade · 2024
In 2024, China exported $8.9M (7.3 kt) of soyabean oil▼ 64.8% YoY. That ranks #28 worldwide (0.1% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data China · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $8.9M | 7.3 kt | $1.22 |
| 2023 | $25.2M | 20.8 kt | $1.21 |
| 2022 | $34.6M | 20.1 kt | $1.72 |
| 2021 | $36M | 28.2 kt | $1.28 |
| 2020 | $15.7M | 17.1 kt | $0.92 |
Production FAOSTAT · 2023
China produced 17.36 Mt of soyabean oil in 2023▲ 5.6% YoY. It ranks #2 among producing countries (22.5% 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.