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151610 (Harmonized System 1992 for 6-digit)

2022
World Trade $425MRnk 3089 / 4648
2022
Top Exporter | Top Importer $79.5M | $90.7MNorway | United States
2022
Product Complexity -0.6Rnk 3352 / 4653
2021 - 2022
Export Growth (CAGR) 13.1%Rnk 1302 / 4648
2022
Share of World Trade 0.0018%Rnk 3089 / 4648

About

Overview This page contains the latest trade data of Animal fats, oils, fractions, hydrogenated, esterifie. In 2022, Animal fats, oils, fractions, hydrogenated, esterifie were the world's 3089th most traded product, with a total trade of $425M. Between 2021 and 2022 the exports of Animal fats, oils, fractions, hydrogenated, esterifie grew by 13.1%, from $376M to $425M. Trade in Animal fats, oils, fractions, hydrogenated, esterifie represent 0.0018% of total world trade.

Animal fats, oils, fractions, hydrogenated, esterifie are a part of Other Vegetable Oils.

Exports In 2022 the top exporters of Animal fats, oils, fractions, hydrogenated, esterifie  were Norway ($79.5M), Chile ($55.8M), China ($34.4M), Belgium ($31M), and Netherlands ($25.7M).

Imports In 2022 the top importers of Animal fats, oils, fractions, hydrogenated, esterifie were United States ($90.7M), Netherlands ($59.7M), South Korea ($23M), Italy ($16.6M), and Denmark ($16.1M).

Ranking Animal fats, oils, fractions, hydrogenated, esterifie ranks 3352nd in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Animal fats, oils, fractions, hydrogenated, esterifie. Countries are shown based on data availability.

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

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* 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)Norway$79.5M
Top Destination (2022)United States$90.7M

In 2022 Animal fats, oils, fractions, hydrogenated, esterifie were the world's 3089th most traded product (out of 4,648).

In 2022, the top exporters of Animal fats, oils, fractions, hydrogenated, esterifie were Norway ($79.5M), Chile ($55.8M), China ($34.4M), Belgium ($31M), and Netherlands ($25.7M).

In 2022, the top importers of Animal fats, oils, fractions, hydrogenated, esterifie were United States ($90.7M), Netherlands ($59.7M), South Korea ($23M), Italy ($16.6M), and Denmark ($16.1M).

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Exporters of Animal fats, oils, fractions, hydrogenated, esterifie (2022)
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Importers of Animal fats, oils, fractions, hydrogenated, esterifie (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Norway$13.2M
Top Destination Growth (2021 -  2022)Netherlands$22.2M

Between 2021 and 2022, the exports of Animal fats, oils, fractions, hydrogenated, esterifie grew the fastest in Norway ($13.2M), Chile ($11.2M), Netherlands ($10.7M), United States ($10.2M), and United Arab Emirates ($8.65M).

Between 2021 and 2022, the fastest growing importers of Animal fats, oils, fractions, hydrogenated, esterifie were Netherlands ($22.2M), United States ($9.33M), Singapore ($9.13M), South Korea ($8.59M), and Australia ($5.21M).

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Exporters of Animal fats, oils, fractions, hydrogenated, esterifie (2021 - 2022)

Importers of Animal fats, oils, fractions, hydrogenated, esterifie (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Animal fats, oils, fractions, hydrogenated, esterifie.

In 2022, market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Animal fats, oils, fractions, hydrogenated, esterifie are explained by 19 countries.

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Value of Exports in Animal fats, oils, fractions, hydrogenated, esterifie

Net Trade

TOP NET EXPORTER (2022)Norway$73.9M
TOP NET IMPORTER (2022)United States$70.7M

This map shows which countries export or import more of Animal fats, oils, fractions, hydrogenated, esterifie. Each country is colored based on the difference in exports and imports of Animal fats, oils, fractions, hydrogenated, esterifie during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Animal fats, oils, fractions, hydrogenated, esterifie were Norway ($73.9M), Chile ($48M), China ($28.5M), Belgium ($26.7M), and United Arab Emirates ($15.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Animal fats, oils, fractions, hydrogenated, esterifie were United States ($70.7M), Netherlands ($34M), South Korea ($22.4M), Italy ($13.9M), and Singapore ($9.77M).

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 fats, oils, fractions, hydrogenated, esterifie.
It is possible to select the main countries that export or import Animal fats, oils, fractions, hydrogenated, esterifie in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Animal fats, oils, fractions, hydrogenated, esterifie by percentage of total exports

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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