# Vegetable oils (HS4 1507) Trade Overview | Yugalinks

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Vegetable oils at HS4 1507, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/1507

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## Answer

The vegetable oils subsector recorded $13.9B in reported global trade in 2024, with +3.2% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $13.9B |
| Latest annual change | +3.2% |
| Active exporters | 138 |
| Active importers | 200 |
| Active HS6 products | 2 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $3.6B | 1,328 | 2 |
| 1996 | $3.0B | 1,392 | 2 |
| 1997 | $3.5B | 1,325 | 2 |
| 1998 | $4.3B | 1,339 | 2 |
| 1999 | $3.6B | 1,616 | 2 |
| 2000 | $2.6B | 1,727 | 2 |
| 2001 | $2.9B | 1,743 | 2 |
| 2002 | $3.9B | 1,829 | 2 |
| 2003 | $5.3B | 1,867 | 2 |
| 2004 | $5.6B | 1,863 | 2 |
| 2005 | $5.2B | 1,925 | 2 |
| 2006 | $5.9B | 1,924 | 2 |
| 2007 | $8.9B | 1,971 | 2 |
| 2008 | $12.8B | 2,013 | 2 |
| 2009 | $7.7B | 2,054 | 2 |
| 2010 | $9.4B | 2,035 | 2 |
| 2011 | $12.5B | 2,183 | 2 |
| 2012 | $11.9B | 2,147 | 2 |
| 2013 | $10.7B | 2,136 | 2 |
| 2014 | $9.4B | 2,203 | 2 |
| 2015 | $9.5B | 2,181 | 2 |
| 2016 | $9.5B | 2,300 | 2 |
| 2017 | $9.5B | 2,092 | 2 |
| 2018 | $9.0B | 2,191 | 2 |
| 2019 | $8.5B | 2,114 | 2 |
| 2020 | $10.1B | 2,216 | 2 |
| 2021 | $16.4B | 2,211 | 2 |
| 2022 | $19.2B | 2,321 | 2 |
| 2023 | $13.7B | 2,294 | 2 |
| 2024 | $13.9B | 2,358 | 2 |

## Leading corridors

- Argentina to India: $2.7B; growth -2.9%.
- Brazil to India: $711.5M; growth +1.3%.
- Argentina to Canada: $657.5M; growth +903.9%.
- Argentina to Bangladesh: $422.0M; growth -9.2%.
- Argentina to Peru: $328.5M; growth -8.5%.
- Argentina to China: $308.1M; growth -6.7%.
- Spain to Morocco: $265.6M; growth -6.3%.
- Russia to India: $257.5M; growth +916.4%.
- Ukraine to Poland: $226.6M; growth +3.8%.
- Turkey to Algeria: $208.7M; growth +46.3%.

## HS6 products

- Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified (HS6 150710)
- Vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified (HS6 150790)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.