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

Imports: Soybean oil

Soybean oil, the No. 777 import by value totaled $8.4 million for the month of May, $47.06 million through May 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$40.88 M
2Mexico$2.19 M
3Turkey$1.95 M
4India$1.38 M
5Spain$401,754
6Argentina$84,539
7Dominican Republic$49,604
8The Netherlands$42,197
9Guatemala$25,715
10South Korea$21,006
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U.S. imports of Soybean oil decreased 10.86 percent through May to $47.06 million

U.S. imports of Soybean oil decreased 10.86 percent from $52.8 million to $47.06 million through the first five 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 777 through May among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 784 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 May 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 Laredo and No. 5 Port of Oakland, Calif..

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 five months of the year were:

Highlights for the top five ports:

  • Detroit Ambassador Bridge, Mich. rose 47.82 percent compared to last year to $24.11 million.
  • Trout River, NY Border Crossing fell 59.41 percent compared to last year to $8.52 million.
  • Port Huron Blue Water Bridge, Mich. rose 7431.09 percent compared to last year to $3.9 million.
  • Port Laredo fell 5.6 percent compared to last year to $2.18 million.
  • Port of Oakland, Calif. totaled $2.08 million. The previous year, there were no imports in this category.

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 $9.49 million, 18.84 percent, (86.85 percent market share).
  • U.S. imports from No. 2 Mexico decreased $121,686, 5.26 percent, (4.66 percent market share).
  • U.S. imports from No. 3 Turkey increased $1.95 million, 0 percent, (4.14 percent market share).
  • U.S. imports from No. 4 India increased $1.38 million, 59782 percent, (2.94 percent market share).
  • U.S. imports from No. 5 Spain increased $398,698, 13046 percent, (0.85 percent market share).

All totaled, 99.44 percent of all these Soybean oil imports to the United States were shipped from the top five markets through May of this year. That is equal to $46.8 million of the $47.06 million total.

All totaled, 86.69 percent of all these Soybean oil imports to the United States were shipped to the top five Ports through May of this year. That is equal to $40.8 million of the $47.06 million total