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2022
Exports | Imports $134M | $325MWorld Rnk 8 / 153
Flag Rnk 684 / 1217
World Rnk 3 / 214
Flag Rnk 659 / 1216
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $12M | $47.6MCanada |  Indonesia
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.26Rnk 896 / 1025

About

Exports In 2022, United States exported $134M in Other Vegetable Oils, making it the 8th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 684th most exported product in United States. The main destination of Other Vegetable Oils exports from United States are: Canada ($46.3M), Netherlands ($10.2M), Uruguay ($8.39M), South Korea ($7.06M), and Mexico ($5.95M).

The fastest growing export markets for Other Vegetable Oils of United States between 2021 and 2022 were Canada ($12M), Netherlands ($5.6M), and Somalia ($4.77M).

Imports In 2022, United States imported $325M in Other Vegetable Oils, becoming the 3rd largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 659th most imported product in United States. United States imports Other Vegetable Oils primarily from: Indonesia ($82.6M), Malaysia ($74.5M), Norway ($43M), India ($22M), and Germany ($20.2M).

The fastest growing import markets in Other Vegetable Oils for United States between 2021 and 2022 were Indonesia ($47.6M), India ($7.06M), and Norway ($6.86M).

COMPANIES In 2023, leading companies such as CJ FOODS USA INC. (48) were at the forefront of shipping Other Vegetable Oils to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Other Vegetable Oils exports accounted up to $8.74M and imports accounted up to $15.2M, resulting in a negative trade balance of $6.44M. Between January 2023 and January 2024 the exports of United States'   Other Vegetable Oils have decreased by $-2.89M (-24.9%) from $11.6M to $8.74M, while imports decreased by $-5.92M (-28.1%) from $21.1M to $15.2M.

Destinations In January 2024, Other Vegetable Oils were exported mostly to Canada ($3.5M), Uruguay ($1.78M), Mexico ($670k), Denmark ($525k), and Taiwan ($429k), and were imported mostly from Norway ($5.49M), Indonesia ($3.91M), China ($1.73M), India ($1.12M), and Malaysia ($503k).

Growth In January 2024, the decrease in Other Vegetable Oils's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-342k or -65.3%), Bahamas ($-329k or -86.2%), and United Kingdom ($-189k or -85.5%). In January 2024, the decrease in Other Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from China ($-1.57M or -76.3%), United Kingdom ($-1.4M or -99.2%), and Malaysia ($-659k or -28.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$-2.89M(-24.9%)
IMPORT GROWTH (January 2023 - January 2024)$-5.92M(-28.1%)
MAIN EXPORTER (January 2024)Georgia$1.88M
MAIN DESTINATION (January 2024)Canada$3.5M

This section shows Other Vegetable Oils's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Other Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$134M
IMPORTS (2022)$325M
NET TRADE (2022)-$191M

In 2022, United States exported $134M in Other Vegetable Oils. The main destinations of United States exports on Other Vegetable Oils were Canada ($46.3M), Netherlands ($10.2M), Uruguay ($8.39M), South Korea ($7.06M), and Mexico ($5.95M).

In 2022, United States imported $325M in Other Vegetable Oils, mainly from Indonesia ($82.6M), Malaysia ($74.5M), Norway ($43M), India ($22M), and Germany ($20.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$12M (35%)
Netherlands$5.6M (123%)
Somalia$4.77M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY United States WERE (2021 - 2022):
Mexico-$4.83M (-44.8%)
Cameroon-$3.19M (-91.5%)
Uruguay-$1.58M (-15.9%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Other Vegetable Oils were:
Malaysia $1.66B
Indonesia $1.52B
Netherlands $424M
In 2022, United States's main importing competitors in Other Vegetable Oils were:
China $786M
Netherlands $515M

Explore Visualizations

Trade Value of Other Vegetable Oils by Exporters

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