Price for Soybean Oil in South Korea

Get price analysis and market insights for South Korea Soybean Oil with Tridge.

Export prices of Soybean Oil in South Korea

Historical export price trends

The export prices of Soybean Oil from South Korea have been on the rise over the past two years, driven by shifts in market supply and demand. In 2023, export prices ranged from $0.42 to $0.83 USD per kg. By 2024, these prices increased to a new range of $0.50 to $3.32 USD per kg, highlighting the continued growth in the export price of South Korea Soybean Oil.

Year Year	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
2024	$0.50/kg	$0.23/lb	$3.32/kg	$1.51/lb
2023	$0.42/kg	$0.19/lb	$0.83/kg	$0.38/lb
2022	$0.32/kg	$0.15/lb	$1.95/kg	$0.88/lb

Recent export records

On 2024-10-27, Soybean Oil reported as "CJ SOYBEAN OIL CJ SESAME OIL" was exported by a company in South Korea to a company in Philippines.

See the table below for more recent transactions.

Date Date	Unit price Unit price	Reported product name Reported product name	Exporter Exporter	Origin Origin	Importer Importer	Destination Destination
2024-10-27	$000/kg	CJ SOYBEAN OIL CJ SESAME OIL	Company name	South Korea	Company name	Philippines
2024-10-12	$000/kg	CJ SOYBEAN OIL HOMEMADE SAVORY (18L*1EA)/CT	Company name	South Korea	Company name	Philippines
2024-10-11	$000/kg	CJ SOYBEAN OIL HOMEMADE SAVORY (18L*1EA)/CT	Company name	South Korea	Company name	Philippines

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Import prices of Soybean Oil in South Korea

Historical import price trends

The import price of Soybean Oil to South Korea has been declining in recent years due to shifting market conditions. In 2023, import prices ranged from $1.21 USD per kg to $2.15 USD per kg. By 2024, prices had dropped to a new range of $1.04 to $1.44 USD per kg, reflecting changes in demand or supply for Soybean Oil in South Korea.

Year Year	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
2024	$1.04/kg	$0.47/lb	$1.44/kg	$0.65/lb
2023	$1.21/kg	$0.55/lb	$2.15/kg	$0.98/lb
2022	$1.57/kg	$0.71/lb	$2.55/kg	$1.15/lb

Recent import records

On 2025-04-01, Soybean Oil reported as “[정제,가공을거쳐야하는식품원료] 대두유__CRUDE DEGUMMED SOYBEAN OIL” was imported by a company in South Korea from a company in United States.

See the table below for more recent transactions.

Date Date	Unit price Unit price	Reported product name Reported product name	Exporter Exporter	Origin Origin	Importer Importer	Destination Destination
2025-04-01	$000/kg	[정제,가공을거쳐야하는식품원료] 대두유__CRUDE DEGUMMED SOYBEAN OIL	Company name	United States	Company name	South Korea
2025-04-01	$000/kg	[콩기름(대두유)] 대두유__RBD SOYBEAN OIL	Company name	Netherlands	Company name	South Korea
2025-03-31	$000/kg	[정제,가공을거쳐야하는식품원료] 대두유__CRUDE DEGUMMED SOYBEAN OIL	Company name	Vietnam	Company name	South Korea

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FAQ for Soybean Oil price in South Korea

Where does Tridge source its price data?

Tridge gathers price data from over 400 trusted global sources, including government public sources, producers, traders, and local industry experts. We ensure data accuracy through both human oversight and cutting-edge AI technology, which helps manage missing values, detect outliers, and standardize currency and units.

How are the low and high prices for South Korea Soybean Oil calculated?

The low and high prices are calculated from South Korea data for Soybean Oil during the selected period, showing the typical price range after excluding outliers. Please note that trends may differ when analyzed in more detail, such as by product variety, company, or specific timeframes.

How much transaction data is there for Soybean Oil in South Korea in Tridge?

We have 2422 transaction records for Soybean Oil in South Korea. Visit our About Transaction Data page to explore its features.