Exports: Soybean oil
Soybean oil, the No. 278 export by value totaled $52.42 million for the month of October, $748.66 million through October of 2018, and $883.75 million for all of 2017, 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 | $180.09 M |
| 2 | Mexico | $108.56 M |
| 3 | Dominican Republic | $88.05 M |
| 4 | Colombia | $80.95 M |
| 5 | Peru | $69.65 M |
| 6 | Guatemala | $50.46 M |
| 7 | Venezuela | $35.09 M |
| 8 | Canada | $20.8 M |
| 9 | Jamaica | $18.1 M |
| 10 | Nicaragua | $12.09 M |
Top Gateways
| Rank | Port | YTD |
|---|---|---|
| 1 | Port of New Orleans | $354.05 M |
| 2 | Port of Virginia | $144.52 M |
| 3 | Port of Southern Louisiana, Gramercy, St. James Parish | $75.4 M |
| 4 | Port Laredo | $54.34 M |
| 5 | Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas | $45.93 M |
| 6 | Port of New York | $11.47 M |
| 7 | Port Everglades, Fla. | $9.82 M |
| 8 | El Paso Border Crossing, Texas | $5.94 M |
| 9 | Port Huron Blue Water Bridge, Mich. | $5.64 M |
| 10 | Port of Savannah, Ga. | $4.89 M |
Top Ports
Total Trade: $748.66 million
| Rank | Port | Total YTD |
|---|---|---|
| 1 | Port of New Orleans | $354,046,227 |
| 2 | Port of Virginia | $144,521,254 |
| 3 | Port of Southern Louisiana, Gramercy, St. James Parish | $75,402,084 |
| 4 | Port Laredo | $54,344,796 |
| 5 | Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas | $45,930,646 |
| 6 | Port of New York | $11,473,686 |
| 7 | Port Everglades, Fla. | $9,823,865 |
| 8 | El Paso Border Crossing, Texas | $5,937,950 |
| 9 | Port Huron Blue Water Bridge, Mich. | $5,636,774 |
| 10 | Port of Savannah, Ga. | $4,893,411 |
U.S. exports of Soybean oil decreased 2.24 percent through October to $748.66 million
U.S. exports of Soybean oil decreased 2.24 percent from $765.84 million to $748.66 million through the first 10 months of 2018 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
The category ranked 278 through October among the roughly 1,265 export commodity groupings as classified by Census. It ranked No. 260 for the last full year with a total value of $883.75 million, a $59.5 million, 7.22 percent increase from the 2016 total.
Through October of this year the top trade partners were No. 1 South Korea, No. 2 Mexico, No. 3 Dominican Republic, No. 4 Colombia and No. 5 Peru. 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.
In the last previous full year, the top trade partners were No. 1 South Korea, No. 2 Mexico, No. 3 Dominican Republic, No. 4 Colombia and No. 5 Guatemala. The leading gateways were No. 1 Port of New Orleans, No. 2 Port of Virginia, No. 3 Port Laredo, No. 4 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas and No. 5 Port of Southern Louisiana, Gramercy, St. James Parish.
Top Countries
| Rank | Country | Total YTD |
|---|---|---|
| 1 | South Korea | $180,091,229 |
| 2 | Mexico | $108,562,713 |
| 3 | Dominican Republic | $88,050,232 |
| 4 | Colombia | $80,948,973 |
| 5 | Peru | $69,645,375 |
| 6 | Guatemala | $50,456,939 |
| 7 | Venezuela | $35,092,484 |
| 8 | Canada | $20,804,557 |
| 9 | Jamaica | $18,102,422 |
| 10 | Nicaragua | $12,085,334 |
January – October 2018
Top Districts
| Rank | District | Total YTD |
|---|---|---|
| 1 | New Orleans | $65,582,395 |
| 2 | Norfolk | $29,704,226 |
| 3 | Laredo | $25,527,799 |
| 4 | Miami | $2,903,069 |
| 5 | New York City | $1,972,277 |
| 6 | Detroit | $1,639,385 |
| 7 | Pembina, N.D. | $1,531,140 |
| 8 | San Francisco | $1,208,171 |
| 9 | Atlanta/Savannah | $776,235 |
| 10 | El Paso | $458,940 |
Looking at specific airports, seaports and border crossings, the top five through through the first 10 months of the year were:
Highlights for the top five ports:
- Port of New Orleans fell 14.07 percent compared to last year to $354.05 million.
- Port of Virginia rose 45.21 percent compared to last year to $144.52 million.
- Port of Southern Louisiana, Gramercy, St. James Parish rose 312.67 percent compared to last year to $75.4 million.
- Port Laredo fell 39.57 percent compared to last year to $54.34 million.
- Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas fell 25.71 percent compared to last year to $45.93 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 decreased $2.58 million, 1.41 percent, (24.06 percent of all shipments).
- U.S. exports to No. 2 Mexico decreased $65.59 million, 37.66 percent, (14.5 percent market share).
- U.S. exports to No. 3 Dominican Republic decreased $20.83 million, 19.13 percent, (11.76 percent market share).
- U.S. exports to No. 4 Colombia increased $15.96 million, 24.56 percent, (10.81 percent market share).
- U.S. exports to No. 5 Peru increased $69.64 million, 100000 percent, (9.3 percent of all shipments).
All totaled, 70.43 percent of all these Soybean oil exports from the United States were shipped to the top five markets through October of this year. That is equal to $527.3 million of the $748.66 million total.
All totaled, 90.06 percent of all these Soybean oil exports from the United States were shipped from the top five Ports through October of this year. That is equal to $674.25 million of the $748.66 million total