# United States Boosts Share in South Korea’s Soybean Oil Market - U.S. Soybean Export Council

> South Korea's soybean oil imports exceeded $200 million in 2017, and the US share rose to 45 percent in 2016/17 from 23 percent in 2015/16. Buyers cite the golden color and quality of US oil as reasons for the gain, supported by the US-Korea Free Trade Agreement.

- Date: 2018-02-12 · published 2018-02-12T12:00:00.000Z
- Category: trade · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/66591-united-states-boosts-share-in-south-korea-s-soybean-oil-market-u-s-soybean
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Gains in export share for US soybean oil support demand for US crush output, though the market is small relative to global soyoil trade and the effect on prices is modest.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-07-16 | [Brazil soybean oil exports may exceed forecasts \| Latest Market News](https://feedsoft.ai/events/18450-brazil-soybean-oil-exports-may-exceed-forecasts-latest-market-news.md) | -0.6% | -4.7% |
| SBO | 2025-03-03 | [US Soybean Oil Exports to Remain Strong Into 2025-26](https://feedsoft.ai/events/11142-us-soybean-oil-exports-to-remain-strong-into-2025-26.md) | -3.5% | -0.7% |
| SBO | 2024-06-26 | [Biodiesel mandate, domestic demand could stop Brazilian soybean oil exports: sources \| S&P Global](https://feedsoft.ai/events/29860-biodiesel-mandate-domestic-demand-could-stop-brazilian-soybean-oil-exports.md) | +4.0% | +6.9% |
| SBO | 2022-05-24 | [Brazil’s Soybean Oil Exports Offset Biodiesel Fall \| CZ app](https://feedsoft.ai/events/41480-brazil-s-soybean-oil-exports-offset-biodiesel-fall-cz-app.md) | -2.0% | -12.6% |
| SBO | 2021-04-14 | [Surge in US Biodiesel Exports Strains Soybean Supplies](https://feedsoft.ai/events/47463-surge-in-us-biodiesel-exports-strains-soybean-supplies.md) | +7.6% | +18.8% |

## Sources

- ussec.org: https://ussec.org/news/united-states-boosts-share-south-koreas-soybean-oil-market/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.