Animal or vegetable fats, oils, & waxes15 (Harmonized System 1992 for 2-digit)
2020 World Trade: $115B, Rnk 33 / 96
2020 Top Exporter | Top Importer: $25B | $12.2B, Indonesia | China
2020 Product Complexity: -1.04, Rnk 85 / 96
2019 - 2020 Export Growth (CAGR): 11.5%, Rnk 3 / 96
2018 Mean Tariff: 10.6%, Rnk 40 / 96
2020 Share of World Trade: 0.69%, Rnk 33 / 96
Overview This page contains the latest trade data of Animal or vegetable fats, oils, & waxes. In 2020, Animal or vegetable fats, oils, & waxes were the world's 33rd most traded product, with a total trade of $115B. Between 2019 and 2020 the exports of Animal or vegetable fats, oils, & waxes grew by 11.5%, from $103B to $115B. Trade in Animal or vegetable fats, oils, & waxes represent 0.69% of total world trade.
Animal or vegetable fats, oils, & waxes are a part of Animal and Vegetable Bi-Products. They include Animal or vegetable fats, oils, & waxes.
Exports In 2020 the top exporters of Animal or vegetable fats, oils, & waxes were Indonesia ($25B), Malaysia ($16.1B), Netherlands ($6.25B), Ukraine ($5.8B), and Spain ($4.93B).
Imports In 2020 the top importers of Animal or vegetable fats, oils, & waxes were China ($12.2B), India ($10.9B), Netherlands ($8.14B), United States ($7.47B), and Germany ($4.62B).
Tariffs In 2018 the average tariff for Animal or vegetable fats, oils, & waxes was 10.6%, making it the 40th lowest tariff using the HS2 product classification.
Ranking Animal or vegetable fats, oils, & waxes ranks 85th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Animal or vegetable fats, oils, & waxes are the world's 33rd most traded product.
In 2020, the top exporters of Animal or vegetable fats, oils, & waxes were Indonesia ($25B), Malaysia ($16.1B), Netherlands ($6.25B), Ukraine ($5.8B), and Spain ($4.93B).
In 2020, the top importers of Animal or vegetable fats, oils, & waxes were China ($12.2B), India ($10.9B), Netherlands ($8.14B), United States ($7.47B), and Germany ($4.62B).
Trade by country
Top Origin Growth (2019 - 2020): Indonesia, $2.64B
Top Destination Growth (2019 - 2020): China, $2.15B
Between 2019 and 2020, the exports of Animal or vegetable fats, oils, & waxes grew the fastest in Indonesia ($2.64B), Malaysia ($1.74B), Ukraine ($1.02B), United States ($647M), and Netherlands ($610M).
Between 2019 and 2020, the fastest growing importers of Animal or vegetable fats, oils, & waxes were China ($2.15B), Netherlands ($1.25B), India ($984M), Spain ($550M), and Pakistan ($511M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Animal or vegetable fats, oils, & waxes.
In 2020, market concentration measured using Shannon Entropy, was 4.73. This means that most of the exports of Animal or vegetable fats, oils, & waxes are explained by 26 countries.
This map shows which countries export or import more of Animal or vegetable fats, oils, & waxes. Each country is colored based on the difference in exports and imports of Animal or vegetable fats, oils, & waxes during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Animal or vegetable fats, oils, & waxes were Indonesia ($24.7B), Malaysia ($13.7B), Ukraine ($5.46B), Argentina ($4.76B), and Russia ($2.5B).
In 2020, the countries that had a largest trade value in imports than in exports of Animal or vegetable fats, oils, & waxes were China ($10.6B), India ($9.26B), United States ($3.25B), Pakistan ($2.32B), and Italy ($1.96B).
In 2020, the world most traded Animal or vegetable fats, oils, &..., disaggragated by their HS6 level were Animal or vegetable fats, oils, &... ($115B)
This visualization shows the countries that have an important ratio of their trade related to Animal or vegetable fats, oils, & waxes. It is possible to select the main countries that export or import Animal or vegetable fats, oils, & waxes in the world, or by continent, as well as select the measure of interest.
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.
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