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Table 09: Soybean Oil: World Supply and Distribution 
 
Thousand Metric Tons
Date Created  06/12/2025 12:11:14 PM  
 
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  2021/22 2022/23 2023/24 2024/25 May
2025/26		 Jun
2025/26
Production nr nr nr nr nr nr
China 16,128 18,240 18,810 19,570 20,520 20,520
United States 11,864 11,897 12,289 13,063 13,327 13,327
Brazil 10,153 10,580 11,055 11,582 11,786 11,786
Argentina 7,664 5,991 7,251 8,499 8,579 8,579
European Union 2,926 2,717 2,755 2,850 2,907 2,907
India 1,530 1,854 2,034 1,980 2,043 2,043
Mexico 1,171 1,227 1,205 1,227 1,292 1,292
Other 8,610 8,196 8,568 9,614 10,315 10,338
 
 
Total 60,046 60,702 63,967 68,385 70,769 70,792
 
Imports nr nr nr nr nr nr
India 4,231 3,968 3,308 5,100 4,600 4,600
Bangladesh 689 681 575 850 750 750
European Union 458 623 586 650 650 650
Morocco 659 640 593 640 650 650
Peru 471 535 560 590 620 620
Algeria 530 490 485 500 480 480
China 291 395 381 250 400 400
Korea, South 392 353 447 370 400 400
Colombia 317 242 317 350 375 375
United Kingdom 198 159 182 200 240 240
Other 3,538 3,041 3,155 3,844 3,419 3,419
 
 
Total 11,774 11,127 10,589 13,344 12,584 12,584
 
Exports nr nr nr nr nr nr
Argentina 4,873 4,137 5,533 6,550 6,600 6,600
Brazil 2,409 2,686 1,352 1,425 1,400 1,400
European Union 970 915 662 900 850 850
United States 803 171 280 1,179 771 771
Russia 665 750 760 750 700 700
Bolivia 526 620 392 480 500 500
Paraguay 371 523 497 550 490 490
Other 1,823 1,940 2,334 2,466 2,426 2,426
 
 
Total 12,440 11,742 11,810 14,300 13,737 13,737
 
Domestic Consumption nr nr nr nr nr nr
China 17,100 17,900 18,900 20,000 20,800 20,800
United States 11,262 12,070 12,317 12,156 12,656 12,656
Brazil 7,700 8,300 10,200 10,110 10,350 10,350
India 5,825 5,400 5,175 6,615 6,550 6,550
European Union 2,305 2,405 2,630 2,655 2,705 2,705
Argentina 2,650 1,660 1,770 1,980 1,970 1,980
Mexico 1,300 1,305 1,270 1,310 1,400 1,400
Bangladesh 1,100 985 935 1,185 1,190 1,190
Egypt 960 560 480 710 840 840
Algeria 750 750 765 780 820 820
Iran 850 900 725 615 745 745
Morocco 630 630 600 630 650 650
Pakistan 640 320 260 585 610 625
Peru 555 540 550 575 615 615
Korea, South 600 565 600 571 570 570
Other 5,800 5,248 5,744 6,523 6,753 6,768
 
 
Total 60,027 59,538 62,921 67,000 69,224 69,264
 
Ending Stocks nr nr nr nr nr nr
India 186 597 748 1,198 1,276 1,276
China 387 1,011 1,198 818 778 838
United States 903 729 703 658 694 694
Argentina 526 720 670 666 668 670
European Union 552 572 621 566 568 568
Other 2,772 2,246 1,760 2,223 2,465 2,458
 
 
Total 5,326 5,875 5,700 6,129 6,449 6,504
 
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.