Exports: Soybean oil
Soybean oil, the No. 312 export by value totaled $58.11 million for the month of August, $474.48 million through August of 2019, and $879.4 million for all of 2018, the latest annual data available, according to U.S. Census Bureau data analyzed by WorldCity. Need more details? Read more
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Top Markets
| Rank | Country | YTD |
|---|---|---|
| 1 | South Korea | $177.14 M |
| 2 | Mexico | $71.98 M |
| 3 | Dominican Republic | $69.11 M |
| 4 | Guatemala | $41.71 M |
| 5 | Colombia | $25.39 M |
| 6 | Jamaica | $16.07 M |
| 7 | Canada | $15.36 M |
| 8 | Peru | $9.09 M |
| 9 | Trinidad and Tobago | $6.08 M |
| 10 | El Salvador | $5.48 M |
Top Gateways
| Rank | Port | YTD |
|---|---|---|
| 1 | Port of New Orleans | $215.74 M |
| 2 | Port of Virginia | $109.45 M |
| 3 | Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas | $36.74 M |
| 4 | Port Laredo | $31.74 M |
| 5 | Port of Southern Louisiana, Gramercy, St. James Parish | $26.03 M |
| 6 | Port of New York | $12.73 M |
| 7 | Port Everglades, Fla. | $5.56 M |
| 8 | Port of Savannah, Ga. | $3.97 M |
| 9 | Detroit Ambassador Bridge, Mich. | $3.78 M |
| 10 | Port Huron Blue Water Bridge, Mich. | $3.24 M |
Top Ports
Total Trade: $474.48 million
| Rank | Port | Total YTD |
|---|---|---|
| 1 | Port of New Orleans | $215,737,251 |
| 2 | Port of Virginia | $109,448,884 |
| 3 | Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas | $36,742,876 |
| 4 | Port Laredo | $31,735,772 |
| 5 | Port of Southern Louisiana, Gramercy, St. James Parish | $26,034,494 |
| 6 | Port of New York | $12,734,700 |
| 7 | Port Everglades, Fla. | $5,564,459 |
| 8 | Port of Savannah, Ga. | $3,967,962 |
| 9 | Detroit Ambassador Bridge, Mich. | $3,776,694 |
| 10 | Port Huron Blue Water Bridge, Mich. | $3,244,810 |
U.S. exports of Soybean oil decreased 27.03 percent through August to $474.48 million
U.S. exports of Soybean oil decreased 27.03 percent from $650.27 million to $474.48 million through the first eight months of 2019 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
The category ranked 312 through August among the roughly 1,265 export commodity groupings as classified by Census. It ranked No. 263 for the last full year with a total value of $879.4 million, a $4.35 million, 0.49 percent decrease from the 2017 total.
Through August of this year the top trade partners were No. 1 South Korea, No. 2 Mexico, No. 3 Dominican Republic, No. 4 Guatemala and No. 5 Colombia. The leading gateways were No. 1 Port of New Orleans, No. 2 Port of Virginia, No. 3 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas, No. 4 Port Laredo and No. 5 Port of Southern Louisiana, Gramercy, St. James Parish.
In the last previous full year, the top trade partners were No. 1 South Korea, No. 2 Mexico, No. 3 Colombia, No. 4 Peru and No. 5 Dominican Republic. The leading gateways were No. 1 Port of New Orleans, No. 2 Port of Virginia, No. 3 Port of Southern Louisiana, Gramercy, St. James Parish, No. 4 Port Laredo and No. 5 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas.
Top Countries
| Rank | Country | Total YTD |
|---|---|---|
| 1 | South Korea | $177,141,552 |
| 2 | Mexico | $71,983,163 |
| 3 | Dominican Republic | $69,114,850 |
| 4 | Guatemala | $41,708,045 |
| 5 | Colombia | $25,394,144 |
| 6 | Jamaica | $16,071,318 |
| 7 | Canada | $15,360,336 |
| 8 | Peru | $9,086,000 |
| 9 | Trinidad and Tobago | $6,084,444 |
| 10 | El Salvador | $5,484,532 |
January – August 2019
Top Districts
| Rank | District | Total YTD |
|---|---|---|
| 1 | New Orleans | $143,242,176 |
| 2 | Norfolk | $45,822,856 |
| 3 | Laredo | $42,660,059 |
| 4 | Houston | $7,432,694 |
| 5 | Miami | $6,293,938 |
| 6 | New York City | $4,516,478 |
| 7 | Pembina, N.D. | $3,199,059 |
| 8 | Detroit | $2,799,245 |
| 9 | Atlanta/Savannah | $1,523,703 |
| 10 | El Paso | $1,343,670 |
Looking at specific airports, seaports and border crossings, the top five through through the first eight months of the year were:
Highlights for the top five ports:
- Port of New Orleans fell 31.17 percent compared to last year to $215.74 million.
- Port of Virginia fell 14.36 percent compared to last year to $109.45 million.
- Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas fell 10.56 percent compared to last year to $36.74 million.
- Port Laredo fell 32.97 percent compared to last year to $31.74 million.
- Port of Southern Louisiana, Gramercy, St. James Parish fell 57.18 percent compared to last year to $26.03 million.
There are several hundred airports, seaports and border crossings that handle international trade; they are, in turn, part of the roughly four dozen U.S. Customs districts.
Highlights for the top five foreign markets:
- U.S. exports to No. 1 South Korea increased $15.41 million, 9.53 percent, (37.33 percent of all shipments).
- U.S. exports to No. 2 Mexico decreased $23.4 million, 24.53 percent, (15.17 percent market share).
- U.S. exports to No. 3 Dominican Republic increased $643,754, 0.94 percent, (14.57 percent market share).
- U.S. exports to No. 4 Guatemala increased $1.86 million, 4.66 percent, (8.79 percent market share).
- U.S. exports to No. 5 Colombia decreased $44.94 million, 63.89 percent, (5.35 percent of all shipments).
All totaled, 81.21 percent of all these Soybean oil exports from the United States were shipped to the top five markets through August of this year. That is equal to $385.34 million of the $474.48 million total.
All totaled, 88.45 percent of all these Soybean oil exports from the United States were shipped from the top five Ports through August of this year. That is equal to $419.7 million of the $474.48 million total