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Export of Soybean Oil from Colombia
Soybean Oil is categorized under HS code 150790 - Vegetable oils; soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified, and the data is presented accordingly.
Export overview
As of 2023, Colombia ranked #10 in global exports of Soybean Oil. Colombia accounts for approximately 3.06% of the total global export value of Soybean Oil, with an export value of 81,762,835 USD.
The top countries importing Soybean Oil from Colombia include World, Ecuador, Venezuela, Peru, Panama.
Export trend
Colombia's export value of Soybean Oil has increased by 13.85% over the past 5 years, rising from 71,817,750 USD in 2019 to 81,762,835 USD in 2023.
The export data for Colombia Soybean Oil is sourced from UN Comtrade and official Customs databases of various countries. The data is categorized under the Harmonized System (HS) code 150790 - Vegetable oils; soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified, which covers a specific classification for Soybean Oil and related products in international trade.
It's important to note that the HS code classification may not always perfectly match the definition of Soybean Oil in certain markets, as HS codes often encompass a broader range of similar products.
The export price of Soybean Oil from Colombia has fluctuated over the past 2 years. In 2023, the price varied between 1.07 USD per kg and 2.16 USD per kg. In 2024, the prices continued to fluctuate, ranging from 0.57 USD per kg to 2.33 USD per kg.
Year
Year
Low price
Low price
High price
High price
2022
$0.95/kg
$2.38/kg
2023
$1.07/kg
$2.16/kg
2024
$0.57/kg
$2.33/kg
The export transaction data for Colombia Soybean Oil is sourced from Bill of Lading (B/L) documents and customs reports. Tridge ensures data accuracy through human oversight and AI, handling missing values, outliers, and standardizing currencies and units. Note that price trends may vary based on country, product variety, or timeframe.
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