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2022
Exports $181MWorld Rnk 6 / 118
Flag Rnk 614 / 1217
2022
Destination $13.5M Canada
2021 - 2022
FASTEST GROWING MARKET $13.5MNorway
2022
PRODUCT COMPLEXITY IN Fish oil-1.83Rnk 985 / 1025
2022
Imports $203MWorld Rnk 4 / 171
Flag Rnk 754 / 1216
2022
Origin $24.5M Peru
2021 - 2022
FASTEST GROWING ORIGIN $24.5MVietnam
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $181M in Fish oil, making it the 6th largest exporter of Fish oil in the world. At the same year, Fish oil was the 614th most exported product in United States. The main destination of Fish oil exports from United States are: Canada ($44.8M), Norway ($28.1M), Belgium ($16.7M), Denmark ($14.4M), and China ($12M).

The fastest growing export markets for Fish oil of United States between 2021 and 2022 were Norway ($13.5M), Canada ($4.97M), and United Kingdom ($4.8M).

Imports In 2022, United States imported $203M in Fish oil, becoming the 4th largest importer of Fish oil in the world. At the same year, Fish oil was the 754th most imported product in United States. United States imports Fish oil primarily from: Peru ($46.4M), Norway ($40.3M), China ($34.4M), Vietnam ($24.5M), and Iceland ($22.4M).

The fastest growing import markets in Fish oil for United States between 2021 and 2022 were Vietnam ($24.5M), Peru ($16.9M), and China ($7.68M).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (4) were at the forefront of shipping Fish oil to the United States.

Latest Trends

April 2024

About

Overview In April 2024 United States' Fish oil exports accounted up to $11.9M and imports accounted up to $33.8M, resulting in a negative trade balance of $21.9M. Between April 2023 and April 2024 the exports of United States'   Fish oil have increased by $1.2M (11.3%) from $10.7M to $11.9M, while imports increased by $18.4M (120%) from $15.4M to $33.8M.

Destinations In April 2024, Fish oil were exported mostly to Canada ($6.63M), Chile ($955k), China ($948k), Turkey ($356k), and Denmark ($330k), and were imported mostly from Vietnam ($11.2M), Peru ($10.3M), Norway ($4.91M), Iceland ($1.92M), and Chile ($1.62M).

Growth In April 2024, the increase in Fish oil's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($291k or 917%), Mexico ($242k or 80.4%), and Peru ($136k or 116%). In April 2024, the increase in Fish oil's year-by-year imports was explained primarily by an increase in imports from Canada ($364k or 51.7%), Chile ($300k or 26.3%), and Mexico ($296k or 83.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$1.2M(11.3%)
IMPORT GROWTH (April 2023 - April 2024)$18.4M(120%)
MAIN EXPORTER (April 2024)Louisiana$15.3M
MAIN DESTINATION (April 2024)Canada$6.63M

This section shows Fish oil'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 Fish oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$181M
IMPORTS (2022)$203M
NET TRADE (2022)-$21.8M

In 2022, United States exported $181M in Fish oil. The main destinations of United States exports on Fish oil were Canada ($44.8M), Norway ($28.1M), Belgium ($16.7M), Denmark ($14.4M), and China ($12M).

In 2022, United States imported $203M in Fish oil, mainly from Peru ($46.4M), Norway ($40.3M), China ($34.4M), Vietnam ($24.5M), and Iceland ($22.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR United States WERE (2021 - 2022):
Norway$13.5M (92.1%)
Canada$4.97M (12.5%)
United Kingdom$4.8M (246%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY United States WERE (2021 - 2022):
Denmark-$5.63M (-28.1%)
South Korea-$2.36M (-51.2%)
Japan-$2.16M (-94.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Fish oil were:
Peru $556M
Norway $253M
Chile $249M
In 2022, United States's main importing competitors in Fish oil were:
Norway $563M
China $258M
Denmark $232M

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.96M
TOP IMPORT POTENTIALMexico+ $4.97M

Fish oil’s highest export potential is China. With an export gap of $4.96M.   Fish oil’s highest import potential is Mexico with an import gap of $4.97M.

See methodology.

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