Argentina's Sunflower Oil Exports Market Overview

Argentina's Sunflower Oil Exports

 For the financial year 2022-23, Argentina remained the third largest sunflower oil exporter in the world. While Russia and Ukraine remained the first and second largest sunflower oil exporters worldwide.

According to the Argentina import export data reports, the country's sunflower oil exports 950K metric tons in the fiscal year 2022. In comparison to the last year Argentina sunflower oil exports, there was around 5% increase in sunflower oil exports from Argentina.


On the other hand, import export data global records suggests that in terms of sunflower exports volume, Ukraine (3.6 MMT), Russia (3.7 MMT), Turkey (750 MT), European Union (800 MMT) were the top sunflower exports market.


Argentina customs data reflects that Spain, United States, Mexico were the markets for sunflower oil exports from Argentina. Mexico recorded a significant increase of 10% in terms of sunflower oil exports from Argentina.


Whereas, Argentina import data, Chile was the leading sunflower oil exporter to Argentina with over 50% share of Argentina's total sunflower oil imports. Other major exporters of sunflower oil were the United States and United Arab Emirates.


While the top sunflower oil importers globally are India, China, Netherlands, Spain and Turkey. India and China cover over 20% and 11% share of the global sunflower oil market. 


On the other hand, Argentina's wheat exports increased significantly during FY22. Argentina is currently among the World's leading wheat producers with a yearwise worth of 4.5 billion dollars. Argentina's wheat exports were around 6 million tons during 2022. The major markets for Argentina's wheat exports were Brazil, Chile, Morocco, Nigeria and Indonesia.


While due to severe drought and limited rain in cultivated regions, Argentina's wheat exports dropped significantly to 56%. This has affected Argentina's agro exports. Current Argentina agricultural exports are around 45 billion dollars. This is 26% less than the previous year's exports. The exports of grains, meat and dairy products have declined significantly.


Argentina's major agricultural exports include cereals, meats, diary products, fruit juice, beans and peanuts. There was tremendous growth in exports of sunflower, barley, poultry, wheat and meat products from Brazil during the financial year 2022. Argentina exports its agricultural goods to over 150+ countries. These include Brazil, India, the United States, Vietnam, Netherlands, Spain, Syria and Germany.


Argentina's agricultural exports to Brazil include rice, fruits, wheat, legumes and dairy products. While China imports mainly beef and poultry products from Argentina. India is the top market for export of sunflower oils to Argentina. Argentina's wine, lemons, tea and forest products are very popular across the United States market. Vietnam is the major corn buyer from Argentina. The Netherlands, Syria, Spain and Germany are the top importers of Argentina's corn, peanuts, mate infusion, fish and wool respectively.


Currently, the global supply chain of grains is disrupted due to the Russia and Ukraine war. So, for the agribusiness owners is a high time to grab this opportunity and increase their ROI. Exim Trade Data provides companies with an advanced market research platform, 


Exim Global import export data provider that helps companies to gain actionable insights into the global agricultural market. Through this platform, companies can analyze latest agricultural trends, market risks, price forecasts, import-export companies, competitors shipment records. Businesses can rely on these useful insights to plan a better marketing strategy and increase their sales.


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Go to the Offcial website for India import export data

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