Soyabean Oil Prices in US
| Variety | Market level | Price (US$/kg) | Price (US$/lb) | Local (USD) | MoM | YoY | Source |
|---|---|---|---|---|---|---|---|
| — | Global benchmark | 1.78 | 0.81 | — | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| — | Export (unit value) | 1.05 | 0.48 | — | ▲ 2.8% | ▲ 2.8% | UN Comtrade (unit value) |
As of May 2026, the soyabean oil price in US is US$ 1.05 per kg (US$ 0.48 / lb), up 2.8% year-on-year.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg. A dedicated US series begins building from our next crawl. Source: UN Comtrade (unit value).
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Use this data freely with attribution to Selina Wamucii.
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Production, Exports, Imports & HS Codes — soyabean oil in US
Exports UN Comtrade · 2024
In 2024, US exported $310.7M (304 kt) of soyabean oil▲ 239.9% YoY. That ranks #5 worldwide (3.5% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data US · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $310.7M | 304 kt | $1.02 |
| 2023 | $91.4M | 76.3 kt | $1.2 |
| 2022 | $772M | 508 kt | $1.52 |
| 2021 | $730.2M | 621.5 kt | $1.17 |
| 2020 | $806.1M | 1.07 Mt | $0.75 |
Production FAOSTAT · 2023
US produced 12.23 Mt of soyabean oil in 2023▲ 2.6% YoY. It ranks #3 among producing countries (15.9% 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.