NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $18.8MWorld Rnk 40 / 150
Flag Rnk 1041 / 1215
2023
Destination $1.86M Malaysia
2022 - 2023
FASTEST GROWING MARKET $1.86MThailand
2023
PRODUCT COMPLEXITY IN Seed Oils-0.97Rnk 825 / 1025
2023
Imports $1.62BWorld Rnk 2 / 216
Flag Rnk 164 / 1214
2023
Origin $587M Russia
2022 - 2023
FASTEST GROWING ORIGIN $587MRussia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $18.8M in Seed Oils, making it the 40th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 1041st most exported product in China. The main destination of Seed Oils exports from China are: Malaysia ($8.65M), Thailand ($5.14M), Australia ($2.24M), United Arab Emirates ($431k), and Nigeria ($370k).

The fastest growing export markets for Seed Oils of China between 2022 and 2023 were Thailand ($1.86M), Australia ($1.64M), and Nigeria ($297k).

Imports In 2023, China imported $1.62B in Seed Oils, becoming the 2nd largest importer of Seed Oils in the world. At the same year, Seed Oils was the 164th most imported product in China. China imports Seed Oils primarily from: Russia ($922M), Ukraine ($535M), Kazakhstan ($124M), Bulgaria ($23.7M), and Turkey ($2.83M).

The fastest growing import markets in Seed Oils for China between 2022 and 2023 were Russia ($587M), Ukraine ($192M), and Kazakhstan ($25.4M).

COMPANIES In 2024, leading companies such as Continental Tire (3) were at the forefront of shipping Seed Oils from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Seed Oils exports accounted up to $1.52M and imports accounted up to $47.2M, resulting in a negative trade balance of $45.7M. Between December 2023 and December 2024 the exports of China's   Seed Oils have decreased by $-179k (-10.6%) from $1.7M to $1.52M, while imports decreased by $-65.9M (-58.3%) from $113M to $47.2M.

Destinations In December 2024, Seed Oils were exported mostly to Malaysia ($619k), Thailand ($282k), Australia ($168k), New Zealand ($165k), and South Korea ($80.1k), and were imported mostly from Russia ($29M), Kazakhstan ($12.8M), Ukraine ($4.95M), Turkey ($196k), and Mexico ($39.5k).

Growth In December 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-269k or -37.3%), United States ($-4.24k or -24.5%), and Hong Kong ($-3.97k or -41.2%). In December 2024, the decrease in Seed Oils's year-by-year imports was explained primarily by a decrease in imports from Ukraine ($-1.3M or -2.85%), Turkey ($-196k or -88.5%), and Germany ($-2.03k or -77.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-179k(-10.6%)
IMPORT GROWTH (December 2023 - December 2024)$-65.9M(-58.3%)
MAIN EXPORTER (December 2024)Shandong Province$1.69M
MAIN DESTINATION (December 2024)Malaysia$619k

This section shows Seed 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 Seed Oils over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$18.8M
IMPORTS (2023)$1.62B
NET TRADE (2023)-$1.6B

In 2023, China exported $18.8M in Seed Oils. The main destinations of China exports on Seed Oils were Malaysia ($8.65M), Thailand ($5.14M), Australia ($2.24M), United Arab Emirates ($431k), and Nigeria ($370k).

In 2023, China imported $1.62B in Seed Oils, mainly from Russia ($922M), Ukraine ($535M), Kazakhstan ($124M), Bulgaria ($23.7M), and Turkey ($2.83M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR China WERE (2022 - 2023):
Thailand$1.86M (56.5%)
Australia$1.64M (276%)
Nigeria$297k (411%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY China WERE (2022 - 2023):
Malaysia-$12.9M (-59.8%)
Singapore-$3.22M (-96%)
South Korea-$1.53M (-80.6%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, China's main importing competitors in Seed Oils were:
India $2.43B
Turkey $1.47B

Explore Visualizations

Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.2M
TOP IMPORT POTENTIALRussia+ $91.3M

Seed Oils’s highest export potential is United States. With an export gap of $1.2M.   Seed Oils’s highest import potential is Russia with an import gap of $91.3M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms