Soyabean Oil Prices in Saudi Arabia
| Variety | Market level | Price (US$/kg) | Local (SAR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 6.66 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.11 | 4.15 | ▲ 6.8% | ▲ 6.8% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Saudi Arabia available is US$ 1.11 per kg (4.15 SAR), up 6.8% year-on-year.
Saudi Arabia exported 20,311 tonnes of soyabean oil in 2024, valued at US$22.45 million, ranking #22 among 72 exporters and accounting for 0.2% of global exports. The country is a net exporter, with exports declining by 67.1% year-on-year. In 2023, production reached 89,200 tonnes, ranking #35 globally and representing 0.1% of world output, down 31.4% from the previous year. The latest export unit value is US$1.1055 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Saudi Arabia
Saudi Arabia exported 20,311 tonnes of soyabean oil in 2024, valued at US$22.45 million, ranking #22 among 72 exporters and accounting for 0.2% of global exports. The country is a net exporter, with exports declining by 67.1% year-on-year. In 2023, production reached 89,200 tonnes, ranking #35 globally and representing 0.1% of world output, down 31.4% from the previous year. The latest export unit value is US$1.1055 per kg.
Exports UN Comtrade · 2024
In 2024, Saudi Arabia exported $22.5M (20.3 kt) of soyabean oil▼ 67.1% YoY. That ranks #22 worldwide (0.2% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data Saudi Arabia · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $22.5M | 20.3 kt | $1.11 |
| 2023 | $68.3M | 66 kt | $1.03 |
| 2022 | $95.6M | 57.8 kt | $1.65 |
| 2021 | $65.4M | 53.1 kt | $1.23 |
| 2020 | $53.9M | 67.3 kt | $0.8 |
Production FAOSTAT · 2023
Saudi Arabia produced 89.2 kt of soyabean oil in 2023▼ 31.4% YoY. It ranks #35 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.