Soyabean Oil Prices in Italy
| Variety | Market level | Price (US$/kg) | Local (EUR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 1.64 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.12 | 1.03 | ▲ 20.6% | ▲ 20.6% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Italy available is US$ 1.12 per kg (1.03 EUR), up 20.6% year-on-year.
Italy exported 146,653 tonnes of soyabean oil in 2024, valued at US$136.2 million, ranking 10th among 72 exporters and accounting for 1.5% of global exports. The country is a net exporter, with production reaching 501,200 tonnes in 2023, 0.7% of world output and up 21.2% year-on-year. The latest export price is US$1.1198 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Italy
Italy exported 146,653 tonnes of soyabean oil in 2024, valued at US$136.2 million, ranking 10th among 72 exporters and accounting for 1.5% of global exports. The country is a net exporter, with production reaching 501,200 tonnes in 2023, 0.7% of world output and up 21.2% year-on-year. The latest export price is US$1.1198 per kg.
Exports UN Comtrade · 2024
In 2024, Italy exported $136.2M (146.7 kt) of soyabean oil▼ 37.2% YoY. That ranks #10 worldwide (1.5% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data Italy · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $136.2M | 146.7 kt | $0.93 |
| 2023 | $216.7M | 205.3 kt | $1.06 |
| 2022 | $281.6M | 180.2 kt | $1.56 |
| 2021 | $217M | 181.8 kt | $1.19 |
| 2020 | $56.8M | 74.4 kt | $0.76 |
Production FAOSTAT · 2023
Italy produced 501.2 kt of soyabean oil in 2023▲ 21.2% YoY. It ranks #13 among producing countries (0.7% 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.