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Soybean oil had the highest level of consumption of any edible oil in the United States in 2024. In 2024, Americans consumed about million metric tons of soybean oil, compared to about *** million metric tons of palm oil. 

Soybean cultivation

The United States, Brazil, and Argentina are the top three producers of soybeans in the world as of the 2021/2022 crop year. Soybean production in the United States amounted to around *** billion bushels in 2023, up from approximately *** billion bushels in 2019. Most of the U.S. states with the highest volume of soybean production are located in the Midwest, with Illinois, Iowa, and Minnesota topping the list for soybean production within the United States.

Edible oil exports

Although soybean oil is the most consumed type of edible oil in the United States, the export volume of palm oil is the highest of any type of vegetable oil. Palm oil is commonly used in beauty products, processed snack foods, among other everyday items. Indonesia and Malaysia are the top two exporters of palm oil as of 2022/2023.