Soyabean Oil Prices in Vietnam
| Variety | Market level | Price (US$/kg) | Local (VND) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 44,383 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.04 | 25,875 | ▼ 29.2% | ▼ 29.2% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Vietnam available is US$ 1.04 per kg (25,875 VND), down 29.2% year-on-year.
Vietnam exported 75,458 tonnes of soyabean oil in 2023, valued at US$78.1 million, ranking #16 among 86 exporters and accounting for 0.9% of global exports. The country produced 222,700 tonnes, holding the #25 spot globally with 0.3% of world output. The latest export price is US$1.035 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Vietnam
Vietnam exported 75,458 tonnes of soyabean oil in 2023, valued at US$78.1 million, ranking #16 among 86 exporters and accounting for 0.9% of global exports. The country produced 222,700 tonnes, holding the #25 spot globally with 0.3% of world output. The latest export price is US$1.035 per kg.
Exports UN Comtrade · 2023
In 2023, Vietnam exported $78.1M (75.5 kt) of soyabean oil▼ 26.8% YoY. That ranks #16 worldwide (0.9% of global exports).
Export value by year (US$)
Export volume by year
Top soyabean oil exporters worldwide UN Comtrade · 2023
- #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 $310.7M · 3.5%
Annual export data Vietnam · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2023 | $78.1M | 75.5 kt | $1.03 |
| 2022 | $106.7M | 73 kt | $1.46 |
| 2021 | $81.5M | 66 kt | $1.23 |
| 2020 | $13.3M | 17.8 kt | $0.75 |
Production FAOSTAT · 2023
Vietnam produced 222.7 kt of soyabean oil in 2023▼ 3.9% YoY. It ranks #25 among producing countries (0.3% 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.