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2023
Exports $121MWorld Rnk 7 / 155
Flag Rnk 837 / 1215
2023
Destination $13.7M Netherlands
2022 - 2023
FASTEST GROWING MARKET $13.7MNigeria
2023
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.29Rnk 898 / 1025
2023
Imports $947MWorld Rnk 1 / 217
Flag Rnk 223 / 1214
2023
Origin $150M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $150MMalaysia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $121M in Other Vegetable Oils, making it the 7th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 837th most exported product in China. The main destination of Other Vegetable Oils exports from China are: Netherlands ($27.4M), United States ($15.5M), Nigeria ($14.2M), Japan ($11.5M), and Italy ($11.4M).

The fastest growing export markets for Other Vegetable Oils of China between 2022 and 2023 were Nigeria ($13.7M), Japan ($2.55M), and Italy ($2.12M).

Imports In 2023, China imported $947M in Other Vegetable Oils, becoming the 1st largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 223rd most imported product in China. China imports Other Vegetable Oils primarily from: Indonesia ($669M), Malaysia ($231M), South Korea ($11.2M), Singapore ($7.51M), and Thailand ($3.98M).

The fastest growing import markets in Other Vegetable Oils for China between 2022 and 2023 were Malaysia ($150M), South Korea ($9.82M), and Singapore ($1.94M).

COMPANIES In 2024, leading companies such as Conair (7) were at the forefront of shipping Other Vegetable Oils from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Other Vegetable Oils exports accounted up to $2.33M and imports accounted up to $143M, resulting in a negative trade balance of $141M. Between December 2023 and December 2024 the exports of China's   Other Vegetable Oils have decreased by $-41.6M (-94.7%) from $43.9M to $2.33M, while imports increased by $46.2M (47.7%) from $96.8M to $143M.

Destinations In December 2024, Other Vegetable Oils were exported mostly to Brazil ($309k), United Kingdom ($287k), Netherlands ($272k), Vietnam ($252k), and Spain ($242k), and were imported mostly from Indonesia ($127M), Malaysia ($9.34M), Singapore ($4.4M), Norway ($410k), and United States ($350k).

Growth In December 2024, the decrease in Other Vegetable Oils's year-by-year exports was explained primarily by a decrease in exports to Spain ($-194k or -39.5%) and Germany ($-29.5k or -42.5%). In December 2024, the increase in Other Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from Indonesia ($27.9M or 58.6%), Malaysia ($509k or 7.54%), and Thailand ($222k or 182%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-41.6M(-94.7%)
IMPORT GROWTH (December 2023 - December 2024)$46.2M(47.7%)
MAIN EXPORTER (December 2024)Jiangsu Province$85.9M
MAIN DESTINATION (December 2024)Brazil$309k

This section shows Other Vegetable Oils's exports and imports data at subnational level for China. 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 (2023)$121M
IMPORTS (2023)$947M
NET TRADE (2023)-$827M

In 2023, China exported $121M in Other Vegetable Oils. The main destinations of China exports on Other Vegetable Oils were Netherlands ($27.4M), United States ($15.5M), Nigeria ($14.2M), Japan ($11.5M), and Italy ($11.4M).

In 2023, China imported $947M in Other Vegetable Oils, mainly from Indonesia ($669M), Malaysia ($231M), South Korea ($11.2M), Singapore ($7.51M), and Thailand ($3.98M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR China WERE (2022 - 2023):
Nigeria$13.7M (2.55k%)
Japan$2.55M (28.5%)
Italy$2.12M (22.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY China WERE (2022 - 2023):
United States-$3.98M (-20.4%)
Vietnam-$1.69M (-30.2%)
New Zealand-$1.48M (-35.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Other Vegetable Oils were:
Indonesia $1.42B
Malaysia $1.08B
Netherlands $354M
In 2023, China's main importing competitors in Other Vegetable Oils were:
Malaysia $244M
Netherlands $213M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.26M
TOP IMPORT POTENTIALMalaysia+ $32.8M

Other Vegetable Oils’s highest export potential is United States. With an export gap of $9.26M.   Other Vegetable Oils’s highest import potential is Malaysia with an import gap of $32.8M.

See methodology.

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