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2022
Exports $342MWorld Rnk 5 / 153
Flag Rnk 653 / 1216
2022
Destination $8.11M Netherlands
2021 - 2022
FASTEST GROWING MARKET $8.11MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.26Rnk 899 / 1025
2022
Imports $786MWorld Rnk 1 / 214
Flag Rnk 262 / 1212
2022
Origin $347M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $347MIndonesia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $342M in Other Vegetable Oils, making it the 5th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 653rd most exported product in China. The main destination of Other Vegetable Oils exports from China are: Netherlands ($203M), Belgium ($75.7M), United States ($13.1M), Italy ($8.95M), and United Kingdom ($8.12M).

The fastest growing export markets for Other Vegetable Oils of China between 2021 and 2022 were United Kingdom ($8.11M), Italy ($5.08M), and Japan ($2.03M).

Imports In 2022, China imported $786M 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 262nd most imported product in China. China imports Other Vegetable Oils primarily from: Indonesia ($654M), Malaysia ($80.8M), Singapore ($20.2M), Germany ($5.74M), and Sweden ($4.75M).

The fastest growing import markets in Other Vegetable Oils for China between 2021 and 2022 were Indonesia ($347M), Singapore ($5.79M), and Malaysia ($4.89M).

Latest Trends

July 2024

About

Overview In July 2024 China's Other Vegetable Oils exports accounted up to $51.1M and imports accounted up to $97.7M, resulting in a negative trade balance of $46.6M. Between July 2023 and July 2024 the exports of China's   Other Vegetable Oils have increased by $49M (2.39k%) from $2.05M to $51.1M, while imports increased by $46.2M (89.7%) from $51.5M to $97.7M.

Destinations In July 2024, Other Vegetable Oils were exported mostly to Netherlands ($47.8M), Turkey ($707k), Vietnam ($534k), Brazil ($418k), and United States ($311k), and were imported mostly from Indonesia ($86M), Malaysia ($7.88M), Singapore ($2.18M), Thailand ($516k), and India ($193k).

Growth In July 2024, the increase in Other Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to Spain ($468k or 1.95k%), South Korea ($132k or 183%), and Australia ($520 or 87.7%). In July 2024, the increase in Other Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from Malaysia ($2.9M or 75.3%), France ($174k or 1.28k%), and South Korea ($97.7k or 976%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$49M(2.39k%)
IMPORT GROWTH (July 2023 - July 2024)$46.2M(89.7%)
MAIN EXPORTER (July 2024)Jiangsu Province$85.9M
MAIN DESTINATION (July 2024)Netherlands$47.8M

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 (2022)$342M
IMPORTS (2022)$786M
NET TRADE (2022)-$445M

In 2022, China exported $342M in Other Vegetable Oils. The main destinations of China exports on Other Vegetable Oils were Netherlands ($203M), Belgium ($75.7M), United States ($13.1M), Italy ($8.95M), and United Kingdom ($8.12M).

In 2022, China imported $786M in Other Vegetable Oils, mainly from Indonesia ($654M), Malaysia ($80.8M), Singapore ($20.2M), Germany ($5.74M), and Sweden ($4.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR China WERE (2021 - 2022):
United Kingdom$8.11M (128k%)
Italy$5.08M (131%)
Japan$2.03M (33.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY China WERE (2021 - 2022):
Belgium-$38.5M (-33.7%)
Netherlands-$29.1M (-12.5%)
United States-$3.96M (-23.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Other Vegetable Oils were:
Malaysia $1.66B
Indonesia $1.52B
Netherlands $424M
In 2022, China's main importing competitors in Other Vegetable Oils were:
Netherlands $515M
United States $325M

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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.

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