Vegetable Oils (excl. soybean)
U.S. Vegetable Oils (excl. soybean) Exports in 2024
Total Export Value
$1.14 Billion
Total Volume
698,365 Metric Tons
3-Year Average
$1.52 Billion
Compound Average Growth
-3.42% (2015-2024)
| Market | Total Value (USD) |
|---|---|
| Canada | $307.99 Million |
| Mexico | $204.16 Million |
| European Union | $100.27 Million |
| Kuwait | $47.59 Million |
| Singapore | $29.64 Million |
| Saudi Arabia | $28.41 Million |
| Chile | $22.9 Million |
| Yemen | $21.16 Million |
| China | $19.88 Million |
| Brazil | $19.49 Million |
Data and Analysis
Malaysia’s palm oil production is forecast at 19.5 million metric tons (MT) in MY2025/26, with export estimates rising to 16.2 million MT as demand in African markets grows and Indonesia’s B40 mandate limits regional supply.
Post raises its forecast for marketing year 25/26 soybean production slightly to 19.9 million metric tons on generally favorable weather conditions in northern China and slightly higher planted area.
On June 18, 2025, Turkiye announced that it will open a lower-duty quota for 1.0 million metric tons of sunflower seed and/or 400,000 metric tons of crude sunflower oil from January to May 2026. The quota period will begin next year to protect the...
News and Features
USDA and USAID will deploy $1 billion in Commodity Credit Corporation funding to purchase U.S.-grown commodities to provide emergency food assistance to people in need throughout the world.