Soyabean Oil Prices in Hungary
| Variety | Market level | Price (US$/kg) | Local (HUF) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 619 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.17 | 409 | ▲ 21.8% | ▲ 21.8% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Hungary available is US$ 1.17 per kg (409 HUF), up 21.8% year-on-year.
Hungary is a net exporter of soyabean oil, ranking #25 among 72 global exporters in 2024 with exports totaling US$16.6 million (17,265 tonnes), accounting for 0.2% of world exports and showing a 28.1% year-on-year decrease. In 2023, Hungary produced 24,600 tonnes of soyabean oil, ranking #49 globally with a 2.5% increase from the previous year. The latest export unit value is US$1.1747 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Hungary
Hungary is a net exporter of soyabean oil, ranking #25 among 72 global exporters in 2024 with exports totaling US$16.6 million (17,265 tonnes), accounting for 0.2% of world exports and showing a 28.1% year-on-year decrease. In 2023, Hungary produced 24,600 tonnes of soyabean oil, ranking #49 globally with a 2.5% increase from the previous year. The latest export unit value is US$1.1747 per kg.
Exports UN Comtrade · 2024
In 2024, Hungary exported $16.6M (17.3 kt) of soyabean oil▼ 28.1% YoY. That ranks #25 worldwide (0.2% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data Hungary · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $16.6M | 17.3 kt | $0.96 |
| 2023 | $23.2M | 19.5 kt | $1.19 |
| 2022 | $27.7M | 18.7 kt | $1.48 |
| 2021 | $21.1M | 20 kt | $1.05 |
| 2020 | $17.9M | 22.2 kt | $0.81 |
Production FAOSTAT · 2023
Hungary produced 24.6 kt of soyabean oil in 2023▲ 2.5% YoY. It ranks #49 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.