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Oils and fats ยท FAOSTAT 2023

Soya bean oil production by country

World production of soya bean oil reached 59.9 million t in 2023, up 41% over ten years. The largest producers were China (29.0%), United States (20.4%), Brazil (18.2%), together 68% of the world total.

Soybean oil prices today
World production, 2023
59.9 million t
10-year change
+41%
Producing countries
106
Largest producer
China

World production, 1961โ€“2023 (tonnes)

020m40m60m80m197019801990200020102020

Map of soya bean oil production, 2023

under 0.1%0.1โ€“1%1โ€“5%5โ€“15%15% or moreno data
Share of the world total. Small island states are not drawn at this scale.

Producers ranked, 2023

#CountryTonnesShare10-year change
1China X17,356,20029.0%+64%
2United States12,227,00020.4%+33%
3Brazil10,890,98918.2%+54%
4Argentina5,275,6418.81%โˆ’18%
5India2,093,0003.49%+10%
6Russia X1,015,9001.70%+201%
7Mexico993,7911.66%+207%
8Paraguay X634,4001.06%+11%
9Germany X606,5001.01%โˆ’3.7%
10Spain X579,4000.97%โˆ’2.1%
11Netherlands X532,2000.89%+13%
12Italy X501,2000.84%+76%
13Thailand X494,8000.83%+93%
14Japan493,9650.82%+30%
15Taiwan X458,9000.77%+17%
16Iran X449,0000.75%+1,552%
17Bolivia398,5240.67%โˆ’0.7%
18Egypt X394,1000.66%+37%
19Canada329,8560.55%+12%
20Turkey X328,3000.55%+241%
21South Africa X322,9000.54%+231%
22Ukraine X307,9000.51%+156%
23Bangladesh X294,1000.49%+268%
24Algeria X243,7000.41%โ€”
25Vietnam X222,7000.37%+20%
26South Korea X193,2000.32%+26%
27Portugal X168,6000.28%+40%
28United Kingdom X161,5000.27%+32%
29Nigeria X140,5000.23%+82%
30Iraq I126,6650.21%+186,172%
31Colombia X117,5000.20%+17%
32France X102,0000.17%โˆ’5.0%
33Malaysia X102,0000.17%+24%
34Pakistan X97,6000.16%+813,233%
35Tunisia X96,3000.16%+21%
36Saudi Arabia X89,2000.15%+4.6%
37Zambia X81,5000.14%+436%
38Norway X72,0000.12%โˆ’0.8%
39Serbia64,2700.11%+55%
40Belarus X56,6000.09%+18,767%
41Romania X51,5000.09%+124%
42Israel X51,2000.09%โˆ’13%
43Costa Rica X46,8000.08%+14%
44Venezuela43,3060.07%+3.7%
45Togo X35,0000.06%โ€”
46Austria X34,6000.06%+336%
47Greece X34,3000.06%โˆ’34%
48Poland X33,1000.06%+428%
49Kazakhstan27,4750.05%+131%
50Hungary X24,6000.04%+4,000%
51Malawi X24,5000.04%โ€”
52Philippines I24,0050.04%+415%
53Benin X23,6000.04%+113%
54Belgium X23,0000.04%โ€”
55Ghana X22,4000.04%โ€”
56Nepal X22,1000.04%+105%
57Uruguay X21,5000.04%+291%
58Lebanon X20,7000.03%+2,069,900%
59North Korea X20,0000.03%โˆ’13%
60Uganda X18,6000.03%โˆ’31%
61Cameroon I17,5180.03%โ€”
62Myanmar X15,4000.03%โˆ’52%
63Zimbabwe X13,5000.02%0.0%
64Ethiopia X12,4000.02%โ€”
65Chile X9,8000.02%+118%
66United Arab Emirates X9,4000.02%โˆ’69%
67Czechia I8,5450.01%+31%
68Slovakia X8,5000.01%+198%
69Australia X7,8000.01%โˆ’45%
70Panama X7,0000.01%โˆ’18%
71Cambodia X6,5000.01%โˆ’50%
72Guatemala6,4800.01%โˆ’8.7%
73Morocco X6,4000.01%โˆ’38%
74Bosnia and Herzegovina X5,5000.01%+123%
75Dominican Republic X5,3000.01%+16,463%
76Mozambique X5,0000.01%+16,029%
77Croatia X4,0000.01%+488%
78Belize I3,9780.01%+772%
79Singapore X3,6000.01%+10%
80Finland X3,4000.01%โˆ’52%
81Georgia X3,3000.01%โ€”
82Ireland X3,2000.01%+39%
83Jordan X3,0000.01%โ€”
84Sweden I2,5140.00%โˆ’35%
85Uzbekistan2,0400.00%+57%
86Sri Lanka I2,0160.00%โˆ’12%
87Barbados X2,0000.00%โˆ’44%
88Ecuador X2,0000.00%โˆ’80%
89Nicaragua X1,8000.00%+44%
90Bulgaria X1,7000.00%+113%
91Denmark I1,5960.00%โ€”
92Cuba I1,5490.00%โˆ’92%
93Trinidad and Tobago I1,3510.00%โˆ’19%
94Peru I1,0260.00%+36%
95Syria X1,0000.00%โˆ’86%
96Mali E9000.00%โ€”
97Gabon I8360.00%โˆ’9.6%
98Moldova X8300.00%โˆ’64%
99Switzerland4230.00%โˆ’86%
100Lithuania X4000.00%โˆ’48%
101Laos I3850.00%โˆ’62%
102Honduras I3260.00%โˆ’51%
103Saint Vincent and the Grenadines I930.00%โ€”
104Albania I760.00%+77%
105Kuwait I120.00%โˆ’76%
106Jamaica I90.00%โˆ’47%

E = estimated by FAO, I = imputed by FAO, X = from an external organisation; other figures are official.

How concentrated is production?

The largest producer, China, accounts for 29.0% of the world total in 2023; the five largest for 79.9% and the ten largest for 86.2%.

YearTop 5 shareTop 10 shareCountries with data
200074.9%86.5%90
200579.5%87.3%92
201083.0%89.2%98
201581.3%87.7%98
202079.2%85.5%106
202379.9%86.2%106

By continent, 2023

ContinentProductionShare of worldShare in 201310-year changeCountries
Asia23.0 million t38.4%33.9%+59%31
South America17.4 million t29.0%34.4%+19%10
North and Central America13.6 million t22.7%23.2%+38%15
Europe4.4 million t7.4%7.1%+46%31
Africa1.5 million t2.4%1.5%+136%18
Oceania7,800 t0.0%0.0%โˆ’45%1

Sums of country figures; the world total also includes countries without a continent assignment, so shares may not add up to 100%.

Fastest growing and declining producers, 2013โ€“2023

Countries with at least 0.5% of world production in 2023, change over ten years.

Growing

Iran449,000 t+1,552%
Turkey328,300 t+241%
South Africa322,900 t+231%
Mexico993,791 t+207%
Russia1.0 million t+201%

Declining

Argentina5.3 million tโˆ’18%
Germany606,500 tโˆ’3.7%
Spain579,400 tโˆ’2.1%
Bolivia398,524 tโˆ’0.7%

Long-term trend, 1961โ€“2023

Average growth per year, 1961โ€“2023
+4.9%
Average growth per year, last 10 years
+3.5%
Record year
2021 61.3 million t
Largest yearly fall
1975 โˆ’6.6%
DecadeAverage per yearvs previous decade
1960s (1961โ€“1969)4.0 million tโ€”
1970s8.5 million t+112%
1980s14.1 million t+66%
1990s19.7 million t+40%
2000s32.3 million t+64%
2010s49.1 million t+52%
2020s (2020โ€“2023)59.7 million t+22%

Soybean oil prices on wholesale markets

Markets quoting
12
Median price
1.39 EUR/kg
Middle half of quotes
1.27โ€“2.13 EUR/kg
Latest quote
6 November 2026

Prices in producing countries

RankProducerProduction, 2023MarketsMedian price
1China17.4 million t11.20 EUR/kg
2United States12.2 million t11.39 EUR/kg
9Germany606,500 t11.30 EUR/kg
10Spain579,400 t11.39 EUR/kg
12Italy501,200 t21.40 EUR/kg
31Colombia117,500 t62.43 EUR/kg

Median of the midpoints of 16 current quotes converted to EUR per kg at the reference rates used on Husfarm. Markets quote different varieties, grades, origins and trade stages, so prices are not directly comparable between countries.

All soybean oil quotes

Questions and answers

Which country produces the most soya bean oil?

China was the largest producer in 2023 with 17.4 million t, 29.0% of the world total, according to FAOSTAT.

What is the world production of soya bean oil?

World production was 59.9 million t in 2023, +41% compared with 2013.

Which countries produce the most soya bean oil?

In 2023: China (17.4 million t, 29.0%), United States (12.2 million t, 20.4%), Brazil (10.9 million t, 18.2%), Argentina (5.3 million t, 8.8%), India (2.1 million t, 3.5%). Together they account for 79.9% of the world total.

What is the wholesale price of soya bean oil today?

The median of 16 current quotes on 12 markets tracked by Husfarm is 1.39 EUR/kg (latest quote 6 November 2026). Prices vary widely by variety, grade, origin and market.

Where does this data come from?

Production and area figures are from FAOSTAT, the statistics database of the Food and Agriculture Organization of the United Nations (dataset Crops and livestock products, release of 23 December 2025). Shares, rankings, changes and averages are calculated by Husfarm.

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About the data

  • Figures are production in tonnes as reported to or estimated by FAO for each calendar year; the latest year is 2023.
  • Letters next to a country mark figures that are not official national data: E estimated by FAO, I imputed by FAO (filled in by a statistical model), X taken from an external organisation. Treat them as approximate.
  • Shares are relative to the FAO world total; ten-year changes compare 2023 with 2013; average growth per year is the compound annual rate between the two years.
  • Country series on Husfarm start in 2000; the world series starts in 1961.

Download CSV All countries and years: production and FAO flag.

How to cite: FAO (2025). FAOSTAT: Crops and livestock products โ€” Soya bean oil. Retrieved via Husfarm, https://husfarm.com/production/soya-bean-oil/. Licence CC BY 4.0.

Source: FAO. 2025. FAOSTAT: Crops and livestock products. Accessed on 4 November 2026. fao.org/faostat. Licence: CC BY 4.0. Charts, rankings and changes calculated by Husfarm.