Peanut (groundnut) Oil Prices in Saudi Arabia
| Variety | Market level | Price (US$/kg) | Local (SAR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.84 | 6.89 | ▼ 3.7% | ▲ 8.9% | World Bank Pink Sheet |
| - | Export (unit value) | 2.73 | 10.25 | ▲ 41.6% | ▲ 41.6% | UN Comtrade (unit value) |
As of June 2026, the peanut (groundnut) oil price in Saudi Arabia available is US$ 2.73 per kg (10.25 SAR), up 41.6% year-on-year.
Saudi Arabia exported 103 tonnes of peanut (groundnut) oil in 2024, valued at US$281,439, ranking #13 among 47 global exporters and accounting for 0.1% of world exports. Exports increased by 77.5% year-over-year, and the country is a net exporter. The latest export unit value is US$2.7327 per kg.
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Peanut (groundnut) Oil Price History & Trend
Global benchmark (world reference) price for peanut (groundnut) oil, US$ per kg.
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Production, Exports, Imports & HS Codes - peanut (groundnut) oil in Saudi Arabia
Saudi Arabia exported 103 tonnes of peanut (groundnut) oil in 2024, valued at US$281,439, ranking #13 among 47 global exporters and accounting for 0.1% of world exports. Exports increased by 77.5% year-over-year, and the country is a net exporter. The latest export unit value is US$2.7327 per kg.
Exports UN Comtrade · 2024
In 2024, Saudi Arabia exported $281.4K (103 t) of peanut (groundnut) oil▲ 77.5% YoY. That ranks #13 worldwide (0.1% of global exports).
Export value by year (US$)
Export volume by year
Top peanut (groundnut) oil exporters worldwide UN Comtrade · 2024
- #1 India $339.1M · 63.3%
- #2 Brazil $88.7M · 16.6%
- #3 Nicaragua $29.1M · 5.4%
- #4 Netherlands $22.2M · 4.2%
- #5 Argentina $21.9M · 4.1%
Annual export data Saudi Arabia · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $281.4K | 103 t | $2.73 |
| 2023 | $158.6K | 82.2 t | $1.93 |
HS Code
peanut (groundnut) oil is traded under Harmonized System code 1508.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade. Values are official reported figures.