Soyabean Oil Prices in Turkey
| Variety | Market level | Price (US$/kg) | Local (TRY) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 35.17 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.06 | 21.07 | ▲ 17.1% | ▲ 17.1% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Turkey available is US$ 1.06 per kg (21.07 TRY), up 17.1% year-on-year.
Turkey is a net exporter of soyabean oil, ranking #4 among 72 exporters with exports of US$348.5 million (383,844 tonnes) in 2024, accounting for 3.9% of global exports and showing a 17.8% year-on-year increase. In 2023, Turkey produced 328,300 tonnes of soyabean oil, ranking #20 globally and representing 0.4% of world output, with a 3.5% decrease from the previous year. The latest export unit value is US$1.0635 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Turkey
Turkey is a net exporter of soyabean oil, ranking #4 among 72 exporters with exports of US$348.5 million (383,844 tonnes) in 2024, accounting for 3.9% of global exports and showing a 17.8% year-on-year increase. In 2023, Turkey produced 328,300 tonnes of soyabean oil, ranking #20 globally and representing 0.4% of world output, with a 3.5% decrease from the previous year. The latest export unit value is US$1.0635 per kg.
Exports UN Comtrade · 2024
In 2024, Turkey exported $348.5M (383.8 kt) of soyabean oil▲ 17.8% YoY. That ranks #4 worldwide (3.9% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data Turkey · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $348.5M | 383.8 kt | $0.91 |
| 2023 | $295.8M | - | - |
| 2022 | $451.4M | 310.4 kt | $1.45 |
| 2021 | $334.3M | 273.3 kt | $1.22 |
| 2020 | $146.2M | 207.4 kt | $0.7 |
Production FAOSTAT · 2023
Turkey produced 328.3 kt of soyabean oil in 2023▼ 3.5% YoY. It ranks #20 among producing countries (0.4% 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.