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2022
Exports $6.94MWorld Rnk 45 / 113
Flag Rnk 1109 / 1216
2022
Destination $1.77M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.77MPhilippines
2022
PRODUCT COMPLEXITY IN Rapeseed Oil0.26Rnk 466 / 1025
2022
Imports $1.49BWorld Rnk 2 / 208
Flag Rnk 171 / 1212
2022
Origin $370M Russia
2021 - 2022
FASTEST GROWING ORIGIN $370MRussia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $6.94M in Rapeseed Oil, making it the 45th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 1109th most exported product in China. The main destination of Rapeseed Oil exports from China are: Hong Kong ($3.03M), Philippines ($1.77M), Malaysia ($344k), Kazakhstan ($298k), and Macau ($258k).

The fastest growing export markets for Rapeseed Oil of China between 2021 and 2022 were Philippines ($1.77M), Hong Kong ($365k), and Kazakhstan ($229k).

Imports In 2022, China imported $1.49B in Rapeseed Oil, becoming the 2nd largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 171st most imported product in China. China imports Rapeseed Oil primarily from: Russia ($765M), Canada ($286M), United Arab Emirates ($266M), Belarus ($53.1M), and Kazakhstan ($45M).

The fastest growing import markets in Rapeseed Oil for China between 2021 and 2022 were Russia ($370M), Belarus ($38.3M), and Kazakhstan ($36.2M).

Latest Trends

October 2024

About

Overview In October 2024 China's Rapeseed Oil exports accounted up to $2.76M and imports accounted up to $155M, resulting in a negative trade balance of $153M. Between October 2023 and October 2024 the exports of China's   Rapeseed Oil have increased by $2.36M (595%) from $397k to $2.76M, while imports decreased by $-81.9M (-34.5%) from $237M to $155M.

Destinations In October 2024, Rapeseed Oil were exported mostly to Hong Kong ($2.53M), Macau ($86.6k), United States ($53.3k), Uzbekistan ($34k), and Thailand ($14.2k), and were imported mostly from Russia ($100M), United Arab Emirates ($32.8M), Belarus ($11M), Kazakhstan ($6.23M), and Ukraine ($4.04M).

Growth In October 2024, the increase in Rapeseed Oil's year-by-year exports was explained primarily by an increase in exports to United States ($28.6k or 151%) and Macau ($4.53k or 23.8%). In October 2024, the decrease in Rapeseed Oil's year-by-year imports was explained primarily by a decrease in imports from Canada ($-39.4M or -99.1%), Germany ($-5.59M or -99.5%), and Kazakhstan ($-4.98M or -83.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.36M(595%)
IMPORT GROWTH (October 2023 - October 2024)$-81.9M(-34.5%)
MAIN EXPORTER (October 2024)Guangdong Province$3.52M
MAIN DESTINATION (October 2024)Hong Kong$2.53M

This section shows Rapeseed Oil'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 Rapeseed Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.94M
IMPORTS (2022)$1.49B
NET TRADE (2022)-$1.48B

In 2022, China exported $6.94M in Rapeseed Oil. The main destinations of China exports on Rapeseed Oil were Hong Kong ($3.03M), Philippines ($1.77M), Malaysia ($344k), Kazakhstan ($298k), and Macau ($258k).

In 2022, China imported $1.49B in Rapeseed Oil, mainly from Russia ($765M), Canada ($286M), United Arab Emirates ($266M), Belarus ($53.1M), and Kazakhstan ($45M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR China WERE (2021 - 2022):
Philippines$1.77M (1%)
Hong Kong$365k (13.7%)
Kazakhstan$229k (337%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY China WERE (2021 - 2022):
Malaysia-$3.59M (-91.3%)
Netherlands-$177k (-65.1%)
Australia-$107k (-86.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Rapeseed Oil were:
Canada $4.86B
Germany $1.77B
Russia $1.15B
In 2022, China's main importing competitors in Rapeseed Oil were:
United States $4.01B
Netherlands $1.38B

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $637k
TOP IMPORT POTENTIALCanada+ $49.2M

Rapeseed Oil’s highest export potential is United States. With an export gap of $637k.   Rapeseed Oil’s highest import potential is Canada with an import gap of $49.2M.

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