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2022
Exports $215MWorld Rnk 16 / 152
Flag Rnk 574 / 1217
2022
Destination $37.7M Canada
2021 - 2022
FASTEST GROWING MARKET $37.7MCanada
2022
PRODUCT COMPLEXITY IN Seed Oils-0.99Rnk 836 / 1025
2022
Imports $430MWorld Rnk 13 / 211
Flag Rnk 582 / 1216
2022
Origin $63.6M France
2021 - 2022
FASTEST GROWING ORIGIN $63.6MFrance
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $215M in Seed Oils, making it the 16th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 574th most exported product in United States. The main destination of Seed Oils exports from United States are: Canada ($107M), Mexico ($29.2M), Spain ($23.2M), Belgium ($18.2M), and Netherlands ($9.42M).

The fastest growing export markets for Seed Oils of United States between 2021 and 2022 were Canada ($37.7M), Spain ($19.7M), and Belgium ($17.9M).

Imports In 2022, United States imported $430M in Seed Oils, becoming the 13th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 582nd most imported product in United States. United States imports Seed Oils primarily from: France ($116M), Spain ($66.8M), Ukraine ($63.4M), Argentina ($48.4M), and Turkey ($46.2M).

The fastest growing import markets in Seed Oils for United States between 2021 and 2022 were France ($63.6M), Spain ($42M), and Argentina ($32.6M).

COMPANIES In 2023, leading companies such as Heineken (1) were at the forefront of shipping Seed Oils to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Seed Oils exports accounted up to $6.72M and imports accounted up to $22.6M, resulting in a negative trade balance of $15.9M. Between September 2023 and September 2024 the exports of United States'   Seed Oils have decreased by $-3.15M (-32%) from $9.87M to $6.72M, while imports increased by $6.04M (36.5%) from $16.6M to $22.6M.

Destinations In September 2024, Seed Oils were exported mostly to Canada ($4.44M), Mexico ($1.22M), Chinese Taipei ($302k), South Korea ($242k), and Japan ($152k), and were imported mostly from France ($4.2M), Spain ($4.04M), Hungary ($2.89M), Turkey ($2.76M), and Mexico ($2.51M).

Growth In September 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to Canada ($-5.08M or -33.6%), Mexico ($-2.71M or -58.8%), and Chinese Taipei ($-141k or -42.3%). In September 2024, the increase in Seed Oils's year-by-year imports was explained primarily by an increase in imports from Turkey ($9.77M or 536%), Mexico ($3.77M or 134%), and Argentina ($789k or 61%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-3.15M(-32%)
IMPORT GROWTH (September 2023 - September 2024)$6.04M(36.5%)
MAIN EXPORTER (September 2024)North Dakota$2.6M
MAIN DESTINATION (September 2024)Canada$4.44M

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$215M
IMPORTS (2022)$430M
NET TRADE (2022)-$215M

In 2022, United States exported $215M in Seed Oils. The main destinations of United States exports on Seed Oils were Canada ($107M), Mexico ($29.2M), Spain ($23.2M), Belgium ($18.2M), and Netherlands ($9.42M).

In 2022, United States imported $430M in Seed Oils, mainly from France ($116M), Spain ($66.8M), Ukraine ($63.4M), Argentina ($48.4M), and Turkey ($46.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$37.7M (54.1%)
Spain$19.7M (560%)
Belgium$17.9M (5.46k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY United States WERE (2021 - 2022):
Germany-$3.79M (-98.6%)
Ethiopia-$1.16M (-100%)
Democratic Republic of the Congo-$518k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, United States's main importing competitors in Seed Oils were:
India $2.88B
Turkey $1.84B
Netherlands $1.26B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $3.97M
TOP IMPORT POTENTIALUkraine+ $43.5M

Seed Oils’s highest export potential is Netherlands. With an export gap of $3.97M.   Seed Oils’s highest import potential is Ukraine with an import gap of $43.5M.

See methodology.

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