Soybean Oil producers

Country-level production data for soybean oil.

RankCountryProduction (MT)Share %Notes
2USA11,500,00019Midwest (Iowa, Illinois, Indiana), Mississippi River. Record 2024 soybean crop = strong oil. Renewable diesel consuming 40-50% of domestic oil production.
3Brazil10,500,00017Parana, Rio Grande do Sul, Mato Grosso. Domestic biodiesel B14 mandate fully implemented = strong domestic absorption.
4Argentina7,500,00012Rosario/Up-River (Santa Fe, Buenos Aires). Recovery from 2023 drought. Crushes ~95% of soybean crop due to 33% bean export tax vs 31% oil tax. Largest soy oil exporter globally.
7Paraguay900,0001.5Domestic crush
8Mexico900,0001.5Imports US soybeans, crushes domestically
9Russia550,0001Southern regions
10Bolivia350,0000.6Santa Cruz
Ukraine0War disruption

Major importers

  • China Coastal crush (Shandong, Jiangsu, Guangdong) of imported soybeans. Crushes 100+ MMT soybeans/yr. Domestic consumption ~17-18 MMT (near self-sufficient). Variable importer.
  • EU-27 Germany, Netherlands, Spain. Crushes imported soybeans. Net importer some years. Palm biodiesel phase-out increasing soy demand.
  • India Gujarat, Maharashtra, Madhya Pradesh. Domestic crush small relative to import volumes.
  • India Largest single importer. Cooking oil. Adani Wilmar, Ruchi Soya/Patanjali, KS Oils dominant refiners.
  • Iran
  • Bangladesh
  • Egypt
  • Algeria
  • Peru
  • Pakistan
  • Morocco
  • Tunisia