Fish oil in United States | The Observatory of Economic Complexity

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 were at the forefront of shipping Fish oil to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Fish oil exports accounted up to $10.8M and imports accounted up to $27.2M, resulting in a negative trade balance of $16.4M. Between January 2023 and January 2024 the exports of United States' Fish oil have increased by $2.91M (37%) from $7.87M to $10.8M, while imports increased by $2.13M (8.5%) from $25M to $27.2M.

Destinations In January 2024, Fish oil were exported mostly to Canada ($7.65M), China ($1.76M), Hong Kong ($261k), Taiwan ($153k), and Poland ($136k), and were imported mostly from Vietnam ($16.8M), Norway ($2.43M), Chile ($2.26M), Peru ($1.93M), and Canada ($1.15M).

Growth In January 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 January 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$2.91M(37%)

IMPORT GROWTH (January 2023 - January 2024)$2.13M(8.5%)

MAIN EXPORTER (January 2024)Minnesota$2.19M

MAIN DESTINATION (January 2024)Canada$7.65M

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

Trade Value

Growth

Growth (%)

Year

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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