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151610 (Harmonized System 1992 for 6-digit)

2023
World Trade $487MRnk 2885 / 4644
2023
Top Exporter | Top Importer $74.1M | $96.8MNorway | United States
2023
Product Complexity -0.64Rnk 3413 / 4656
2022 - 2023
Export Growth (CAGR) 17.2%Rnk 356 / 4644
2023
Share of World Trade 0.0022%Rnk 2885 / 4644

About

Overview This page contains the latest trade data of Animal fats, oils, fractions, hydrogenated, esterifie. In 2023, Animal fats, oils, fractions, hydrogenated, esterifie were the world's 2885th most traded product, with a total trade of $487M. Between 2022 and 2023 the exports of Animal fats, oils, fractions, hydrogenated, esterifie grew by 17.2%, from $415M to $487M. Trade in Animal fats, oils, fractions, hydrogenated, esterifie represent 0.0022% of total world trade.

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

Exports In 2023 the top exporters of Animal fats, oils, fractions, hydrogenated, esterifie  were Norway ($74.1M), Chile ($65.8M), China ($47M), New Zealand ($34.2M), and Australia ($31.8M).

Imports In 2023 the top importers of Animal fats, oils, fractions, hydrogenated, esterifie were United States ($96.8M), Saudi Arabia ($47.6M), Singapore ($28.6M), South Korea ($27.8M), and Netherlands ($21.9M).

Ranking Animal fats, oils, fractions, hydrogenated, esterifie ranks 3413th in the Product Complexity Index (PCI).

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 (2023)Norway$74.1M
Top Destination (2023)United States$96.8M

In 2023 Animal fats, oils, fractions, hydrogenated, esterifie were the world's 2885th most traded product (out of 4,644).

In 2023, the top exporters of Animal fats, oils, fractions, hydrogenated, esterifie were Norway ($74.1M), Chile ($65.8M), China ($47M), New Zealand ($34.2M), and Australia ($31.8M).

In 2023, the top importers of Animal fats, oils, fractions, hydrogenated, esterifie were United States ($96.8M), Saudi Arabia ($47.6M), Singapore ($28.6M), South Korea ($27.8M), and Netherlands ($21.9M).

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Exporters of Animal fats, oils, fractions, hydrogenated, esterifie (2023)
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Importers of Animal fats, oils, fractions, hydrogenated, esterifie (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Australia$21.4M
Top Destination Growth (2022 -  2023)Saudi Arabia$25.8M

Between 2022 and 2023, the exports of Animal fats, oils, fractions, hydrogenated, esterifie grew the fastest in Australia ($21.4M), New Zealand ($16.5M), Italy ($12.5M), Chile ($12.4M), and South Korea ($10.4M).

Between 2022 and 2023, the fastest growing importers of Animal fats, oils, fractions, hydrogenated, esterifie were Saudi Arabia ($25.8M), Singapore ($18.8M), South Korea ($13.9M), Belgium ($11M), and China ($10.9M).

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Exporters of Animal fats, oils, fractions, hydrogenated, esterifie (2022 - 2023)

Importers of Animal fats, oils, fractions, hydrogenated, esterifie (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Animal fats, oils, fractions, hydrogenated, esterifie are explained by 20 countries.

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

Net Trade

TOP NET EXPORTER (2023)Norway$68.4M
TOP NET IMPORTER (2023)United States$83.8M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Animal fats, oils, fractions, hydrogenated, esterifie were Norway ($68.4M), Chile ($61.1M), China ($30M), New Zealand ($26.2M), and Colombia ($23.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Animal fats, oils, fractions, hydrogenated, esterifie were United States ($83.8M), Saudi Arabia ($39.7M), Singapore ($28.5M), Romania ($19.8M), and South Korea ($15.5M).

Net Trade (2023)

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 (2023)

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