Soybean Oil
U.S. Soybean Oil Exports in 2025
Total Export Value
$1.19 Billion
Total Volume (Millions)
1.08 Metric Tons
3-Year Average
$650.96 Million
Compound Average Growth
3.7% (2016-2025)
| Market | Total Value (USD) |
|---|---|
| Mexico | $218.76 Million |
| India | $202 Million |
| Venezuela | $174.48 Million |
| Colombia | $139.9 Million |
| Dominican Republic | $102.92 Million |
| South Korea | $81.65 Million |
| Canada | $72.07 Million |
| Guatemala | $55.73 Million |
| Jamaica | $26.93 Million |
| Honduras | $18.43 Million |
Data and Analysis
Post is lowering its forecast for MY 26/27 soybean production slightly to 20.1 million metric tons (MMT) on a smaller planted area. Chinese state-owned enterprises (SOEs) continue to purchase U.S. soybeans in accordance with the Busan agreement. As...
Post forecasts Paraguay’s soybean production at 11.1 million metric tons (MMT) in MY2026/27, down from the previous year’s record as yields normalize, while planted area remains largely unchanged at 3.5 million hectares (MHA), illustrating the...
Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.
News and Features
Private exporters reported the following sales activities for MY 2026/2027: 132,000 MT of soybeans for delivery to China, 285,775 MT of corn for delivery to Mexico, and 120,000 MT of soybeans for delivery to unknown destinations.
Private exporters reported sales of 22,000 MT of soybean oil for delivery to South Korea during MY 2025/2026.
Private exporters reported sales of 20,000 MT of soybean oil for delivery to unknown destinations during MY 2024/2025.