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Table 09: Soybean Oil: World Supply and Distribution 
  
Thousand Metric Tons
Date Created  07/12/2021 12:02:03 PM  
 
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  2017/18 2018/19 2019/20 2020/21 Jun
2021/22
Jul
2021/22
Production nr nr nr nr nr nr
China 16,128 15,232 16,397 17,203 17,920 17,920
United States 10,783 10,976 11,299 11,517 11,768 11,768
Brazil 8,485 8,180 8,850 9,000 9,180 9,180
Argentina 7,236 8,044 7,700 8,200 8,395 8,500
European Union 2,717 2,850 2,964 3,080 3,023 3,023
India 1,386 1,728 1,512 1,692 1,750 1,750
Mexico 937 1,100 1,110 1,145 1,181 1,181
Other 7,496 7,912 8,530 8,621 9,030 9,001
 
 
Total 55,168 56,022 58,362 60,458 62,247 62,323
 
Imports nr nr nr nr nr nr
India 2,984 3,000 3,626 3,700 3,725 3,725
China 481 783 1,000 1,200 1,175 1,175
Bangladesh 859 1,031 628 750 780 780
Morocco 502 536 573 560 560 560
Peru 503 539 521 540 560 560
Algeria 776 899 699 600 550 550
European Union 288 419 482 450 450 450
Korea, South 276 328 402 400 415 415
Colombia 344 343 387 380 385 385
Egypt 227 274 396 375 350 350
Other 2,744 2,816 2,679 3,179 3,134 3,139
 
 
Total 9,984 10,968 11,393 12,134 12,084 12,089
 
Exports nr nr nr nr nr nr
Argentina 4,164 5,268 5,404 6,250 6,400 6,400
Brazil 1,511 1,085 1,156 1,300 1,300 1,300
European Union 1,074 977 927 1,000 950 950
United States 1,108 880 1,287 805 658 658
Paraguay 702 653 631 620 640 640
Russia 568 572 612 575 615 615
Bolivia 380 393 380 390 395 395
Other 1,257 1,628 1,910 1,593 1,858 1,838
 
 
Total 10,764 11,456 12,307 12,533 12,816 12,796
 
Domestic Consumption nr nr nr nr nr nr
China 16,500 15,885 17,093 18,253 18,920 18,920
United States 9,698 10,376 10,122 10,852 11,520 11,520
Brazil 6,940 7,165 7,765 7,910 7,935 7,935
India 4,670 4,750 5,112 5,327 5,450 5,450
European Union 1,935 2,205 2,430 2,505 2,605 2,605
Argentina 2,981 2,624 2,175 1,945 2,008 2,108
Mexico 1,160 1,230 1,265 1,300 1,340 1,340
Bangladesh 1,085 1,184 1,214 1,310 1,333 1,333
Egypt 735 910 935 1,045 985 985
Algeria 740 770 800 825 835 835
Iran 600 625 620 695 660 660
Korea, South 470 505 547 579 605 605
Pakistan 433 491 472 565 585 585
Morocco 510 520 545 555 570 570
Peru 488 540 545 550 560 560
Other 5,490 5,462 5,601 5,832 5,976 5,976
 
 
Total 54,435 55,242 57,241 60,048 61,887 61,987
 
Ending Stocks nr nr nr nr nr nr
China 568 501 650 750 775 775
United States 905 805 840 813 682 675
Argentina 274 426 547 552 539 544
Brazil 370 324 318 318 313 313
European Union 169 256 345 370 288 288
Other 1,726 1,992 1,811 1,719 1,541 1,556
 
 
Total 4,012 4,304 4,511 4,522 4,138 4,151
 
Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Paraguay and Peru are on an January/December MY and Bolivia is on a March/February MY.