2022
Exports
$24.5MWorld Rnk 24 / 118
Flag Rnk 354 / 1208
2022
PRODUCT COMPLEXITY IN Fish oil
-1.83Rnk 985 / 1025
2022
Imports
$75.9MWorld Rnk 12 / 171
Flag Rnk 406 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $24.5M in Fish oil, making it the 24th largest exporter of Fish oil in the world. At the same year, Fish oil was the 354th most exported product in Australia. The main destination of Fish oil exports from Australia are: China ($12M), New Zealand ($3.51M), South Korea ($2.37M), Thailand ($2.02M), and Japan ($1.72M).

The fastest growing export markets for Fish oil of Australia between 2021 and 2022 were South Korea ($1.93M), Thailand ($848k), and Japan ($245k).

Imports In 2022, Australia imported $75.9M in Fish oil, becoming the 12th largest importer of Fish oil in the world. At the same year, Fish oil was the 406th most imported product in Australia. Australia imports Fish oil primarily from: Peru ($28M), China ($12.4M), India ($8.65M), Mexico ($6.32M), and Thailand ($3.73M).

The fastest growing import markets in Fish oil for Australia between 2021 and 2022 were China ($7.63M), India ($7.55M), and Mexico ($5.5M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Fish oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.5M
IMPORTS (2022)$75.9M
NET TRADE (2022)-$51.4M

In 2022, Australia exported $24.5M in Fish oil. The main destinations of Australia exports on Fish oil were China ($12M), New Zealand ($3.51M), South Korea ($2.37M), Thailand ($2.02M), and Japan ($1.72M).

In 2022, Australia imported $75.9M in Fish oil, mainly from Peru ($28M), China ($12.4M), India ($8.65M), Mexico ($6.32M), and Thailand ($3.73M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Australia WERE (2021 - 2022):
South Korea$1.93M (440%)
Thailand$848k (72.3%)
Japan$245k (16.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Australia WERE (2021 - 2022):
New Zealand-$1.13M (-24.3%)
Indonesia-$1.1M (-68%)
China-$943k (-7.31%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Fish oil were:
Peru $556M
Chile $249M
In 2022, Australia's main importing competitors in Fish oil were:

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $414k
TOP IMPORT POTENTIALUnited States+ $930k

Fish oil’s highest export potential is United States. With an export gap of $414k.   Fish oil’s highest import potential is United States with an import gap of $930k.

See methodology.

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