# HS 150710 Soya-Bean Oil And Its Fractions global trade data...

Reported global trade in soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified reached $10.6B in 2024, with five-year annual growth of +8.8%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $8.7B | -11.5% | +4% |
| 2014 | $7.7B | -10.9% | -8.8% |
| 2015 | $8.0B | +3.1% | -6.7% |
| 2016 | $8.0B | +0.5% | -2.6% |
| 2017 | $7.8B | -2.1% | +0.5% |
| 2018 | $7.4B | -6.3% | -2.7% |
| 2019 | $6.9B | -5.6% | -4.7% |
| 2020 | $8.1B | +16.1% | +0.9% |
| 2021 | $13.1B | +62.4% | +21.2% |
| 2022 | $15.5B | +18.7% | +30.8% |
| 2023 | $10.6B | -32% | +9.5% |
| 2024 | $10.6B | +0.1% | -6.9% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| India | $3.9B | +13% | 21 |
| Bangladesh | $632.0M | +10.7% | 4 |
| Morocco | $603.8M | +10.9% | 12 |
| China | $514.3M | -0.2% | 12 |
| Algeria | $468.1M | -4.5% | 9 |
| Peru | $393.7M | +3.9% | 8 |
| Iran | $347.9M | +12.4% | 7 |
| Republic of Korea | $262.7M | +0.9% | 18 |
| Colombia | $258.2M | +5.6% | 4 |
| Poland | $233.3M | +14.2% | 15 |
| Spain | $187.7M | +18.8% | 17 |
| Dominican Republic | $185.9M | +9% | 9 |

_Source: reported merchandise trade data. Updated 2026-08-14._