Current year-to-date ( YTD ) data is through July 2020.

Imports: Soybean oil

Soybean oil, the No. 785 import by value totaled $9.65 million for the month of July, $65.48 million through July of 2020, and $130.34 million for all of 2019, 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 Sources

RankCountryYTD
1Canada$57.11 M
2Mexico$3.02 M
3Turkey$2.77 M
4India$1.72 M
5Spain$401,754
6Brazil$138,576
7Argentina$84,539
8South Korea$61,687
9Dominican Republic$49,604
10The Netherlands$48,128
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U.S. imports of Soybean oil decreased 15.51 percent through July to $65.48 million

U.S. imports of Soybean oil decreased 15.51 percent from $77.51 million to $65.48 million through the first seven months of 2020 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.

The category ranked 785 through July among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 776 for the last full year with a total value of $130.34 million, a $2.09 million, 1.63 percent increase from the 2018 total.

Through July of this year the leading sources were No. 1 Canada, No. 2 Mexico, No. 3 Turkey, No. 4 India and No. 5 Spain. The leading gateways were No. 1 Detroit Ambassador Bridge, Mich., No. 2 Trout River, NY Border Crossing, No. 3 Port Huron Blue Water Bridge, Mich., No. 4 Port of Oakland, Calif. and No. 5 Port Laredo.

In the last previous full year, the leading sources were No. 1 Canada, No. 2 Mexico, No. 3 Argentina, No. 4 South Korea and No. 5 The Netherlands. The leading gateways were No. 1 Detroit Ambassador Bridge, Mich., No. 2 Trout River, NY Border Crossing, No. 3 Rouses Point / Lacolle Border Crossing, N.Y., No. 4 Norton Border Crossing, Vt. and No. 5 Port Laredo.

Looking at specific airports, seaports and border crossings, the top five through through the first seven months of the year were:

Highlights for the top five ports:

  • Detroit Ambassador Bridge, Mich. rose 36.22 percent compared to last year to $35.36 million.
  • Trout River, NY Border Crossing fell 61.32 percent compared to last year to $10.88 million.
  • Port Huron Blue Water Bridge, Mich. rose 4378.13 percent compared to last year to $4.01 million.
  • Port of Oakland, Calif. rose 2534.57 percent compared to last year to $3.07 million.
  • Port Laredo fell 7.25 percent compared to last year to $2.99 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. imports from No. 1 Canada decreased $16.89 million, 22.83 percent, (87.22 percent market share).
  • U.S. imports from No. 2 Mexico decreased $222,853, 6.88 percent, (4.61 percent market share).
  • U.S. imports from No. 3 Turkey increased $2.77 million, 0 percent, (4.23 percent market share).
  • U.S. imports from No. 4 India increased $1.72 million, 74325 percent, (2.62 percent market share).
  • U.S. imports from No. 5 Spain increased $398,698, 13046 percent, (0.61 percent market share).

All totaled, 99.3 percent of all these Soybean oil imports to the United States were shipped from the top five markets through July of this year. That is equal to $65.02 million of the $65.48 million total.

All totaled, 86.01 percent of all these Soybean oil imports to the United States were shipped to the top five Ports through July of this year. That is equal to $56.32 million of the $65.48 million total