Soyabean Oil Prices in Malaysia
| Variety | Market level | Price (US$/kg) | Local (MYR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 8.06 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.36 | 6.17 | ▲ 11.3% | ▲ 11.3% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Malaysia available is US$ 1.36 per kg (6.17 MYR), up 11.3% year-on-year.
Malaysia exported 134 tonnes of soyabean oil in 2024, valued at US$163,505, ranking #60 of 72 exporters and accounting for 0.0% of global exports, with an -84.6% year-on-year decline. The country produced 102,000 tonnes in 2023, ranking #32 globally and representing 0.1% of world output, down -3.7% from the previous year. The latest export unit value is US$1.3597 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Malaysia
Malaysia exported 134 tonnes of soyabean oil in 2024, valued at US$163,505, ranking #60 of 72 exporters and accounting for 0.0% of global exports, with an -84.6% year-on-year decline. The country produced 102,000 tonnes in 2023, ranking #32 globally and representing 0.1% of world output, down -3.7% from the previous year. The latest export unit value is US$1.3597 per kg.
Exports UN Comtrade · 2024
In 2024, Malaysia exported $163.5K (133.8 t) of soyabean oil▼ 84.6% YoY. That ranks #60 worldwide (0% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data Malaysia · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $163.5K | 133.8 t | $1.22 |
| 2023 | $1.1M | 755.8 t | $1.41 |
| 2022 | $8M | 4.8 kt | $1.66 |
| 2021 | $10.9M | 9 kt | $1.21 |
| 2020 | $3.1M | 3.5 kt | $0.88 |
Production FAOSTAT · 2023
Malaysia produced 102 kt of soyabean oil in 2023▼ 3.7% YoY. It ranks #32 among producing countries (0.1% 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.