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III (Harmonized System 1992 for Section)

2022
World Trade $200BRnk 17 / 21
2022
Top Exporter | Top Importer $44.7B | $22.3BIndonesia | India
2022
Product Complexity -0.9Rnk 18 / 21
2021 - 2022
Export Growth (CAGR) 17.3%Rnk 4 / 21
2022
Share of World Trade 0.84%Rnk 17 / 21

About

Overview This page contains the latest trade data of Animal and Vegetable Bi-Products. In 2022, Animal and Vegetable Bi-Products were the world's 17th most traded product, with a total trade of $200B. Between 2021 and 2022 the exports of Animal and Vegetable Bi-Products grew by 17.3%, from $170B to $200B. Trade in Animal and Vegetable Bi-Products represent 0.84% of total world trade.

Animal and Vegetable Bi-Products include Animal or vegetable fats, oils, & waxes.

Exports In 2022 the top exporters of Animal and Vegetable Bi-Products  were Indonesia ($44.7B), Malaysia ($27.9B), Netherlands ($9.75B), Argentina ($9.33B), and Spain ($8.02B).

Imports In 2022 the top importers of Animal and Vegetable Bi-Products were India ($22.3B), China ($16.6B), United States ($15.2B), Netherlands ($14.2B), and Italy ($7.22B).

Ranking Animal and Vegetable Bi-Products ranks 18th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Animal and Vegetable Bi-Products. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Indonesia$44.7B
Top Destination (2022)India$22.3B

In 2022 Animal and Vegetable Bi-Products were the world's 17th most traded product (out of 21).

In 2022, the top exporters of Animal and Vegetable Bi-Products were Indonesia ($44.7B), Malaysia ($27.9B), Netherlands ($9.75B), Argentina ($9.33B), and Spain ($8.02B).

In 2022, the top importers of Animal and Vegetable Bi-Products were India ($22.3B), China ($16.6B), United States ($15.2B), Netherlands ($14.2B), and Italy ($7.22B).

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Exporters of Animal and Vegetable Bi-Products (2022)
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Importers of Animal and Vegetable Bi-Products (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$4.3B
Top Destination Growth (2021 -  2022)United States$4.06B

Between 2021 and 2022, the exports of Animal and Vegetable Bi-Products grew the fastest in Indonesia ($4.3B), Malaysia ($4.06B), Brazil ($2.32B), Argentina ($1.48B), and Spain ($1.4B).

Between 2021 and 2022, the fastest growing importers of Animal and Vegetable Bi-Products were United States ($4.06B), India ($3.84B), Netherlands ($2.43B), Spain ($1.4B), and Turkey ($1.25B).

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Exporters of Animal and Vegetable Bi-Products (2021 - 2022)

Importers of Animal and Vegetable Bi-Products (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Animal and Vegetable Bi-Products.

In 2022, market concentration measured using Shannon Entropy, was 4.78. This means that most of the exports of Animal and Vegetable Bi-Products are explained by 27 countries.

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Value of Exports in Animal and Vegetable Bi-Products

Net Trade

TOP NET EXPORTER (2022)Indonesia$44.1B
TOP NET IMPORTER (2022)India$19.8B

This map shows which countries export or import more of Animal and Vegetable Bi-Products. Each country is colored based on the difference in exports and imports of Animal and Vegetable Bi-Products during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Animal and Vegetable Bi-Products were Indonesia ($44.1B), Malaysia ($22.7B), Argentina ($8.99B), Ukraine ($5.82B), and Canada ($4.39B).

In 2022, the countries that had a largest trade value in imports than in exports of Animal and Vegetable Bi-Products were India ($19.8B), China ($12.8B), United States ($9.89B), Netherlands ($4.43B), and Pakistan ($4.16B).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Animal and Vegetable Bi-Products.
It is possible to select the main countries that export or import Animal and Vegetable Bi-Products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Animal and Vegetable Bi-Products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALMalaysia+ $183M
TOP IMPORT POTENTIALMalaysia+ $20.3M

Animal and Vegetable Bi-Products’s highest export potential is Malaysia. With an export gap of $183M.  Animal and Vegetable Bi-Products’s highest import potential is Malaysia with an import gap of $20.3M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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