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Coconut (copra), palm kernel or babassu oil and their fractions; whether or not refined but not chemically modified

1513 (Harmonized System 1992 for 4-digit)

2023
World Trade $6.63BRnk 468 / 1217
2023
Top Exporter | Top Importer $2.54B | $1.05BIndonesia | United States
2023
Product Complexity -1.67Rnk 984 / 1044
2022 - 2023
Export Growth (CAGR) -32.8%Rnk 1172 / 1217
2023
Share of World Trade 0.029%Rnk 468 / 1217

About

Overview This page contains the latest trade data of Coconut Oil. In 2023, Coconut Oil were the world's 468th most traded product, with a total trade of $6.63B. Between 2022 and 2023 the exports of Coconut Oil decreased by -32.8%, from $9.86B to $6.63B. Trade in Coconut Oil represent 0.029% of total world trade.

Coconut Oil are a part of Animal or vegetable fats, oils, & waxes. They include Palm kernel & babassu oil, fractions, simply refined, Coconut (copra) oil crude, Palm kernel or babassu oil, crude, and Coconut (copra) oil or fractions simply refined.

Exports In 2023 the top exporters of Coconut Oil  were Indonesia ($2.54B), Philippines ($1.17B), Malaysia ($1.09B), Netherlands ($474M), and Papua New Guinea ($124M).

Imports In 2023 the top importers of Coconut Oil were United States ($1.05B), China ($893M), Germany ($678M), Netherlands ($620M), and Malaysia ($417M).

Ranking Coconut Oil ranks 984th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Coconut Oil. 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)Indonesia$2.54B
Top Destination (2023)United States$1.05B

In 2023 Coconut Oil were the world's 468th most traded product (out of 1,217).

In 2023, the top exporters of Coconut Oil were Indonesia ($2.54B), Philippines ($1.17B), Malaysia ($1.09B), Netherlands ($474M), and Papua New Guinea ($124M).

In 2023, the top importers of Coconut Oil were United States ($1.05B), China ($893M), Germany ($678M), Netherlands ($620M), and Malaysia ($417M).

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Exporters of Coconut Oil (2023)
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Importers of Coconut Oil (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Spain$54.5M
Top Destination Growth (2022 -  2023)Sri Lanka$91.9M

Between 2022 and 2023, the exports of Coconut Oil grew the fastest in Spain ($54.5M), Belgium ($31.7M), Saudi Arabia ($13.7M), Estonia ($13.5M), and Djibouti ($6.13M).

Between 2022 and 2023, the fastest growing importers of Coconut Oil were Sri Lanka ($91.9M), Sudan ($15.2M), Ecuador ($7.49M), Ethiopia ($5.04M), and Uzbekistan ($3.9M).

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Exporters of Coconut Oil (2022 - 2023)

Importers of Coconut Oil (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Coconut Oil.

In 2023, market concentration measured using Shannon Entropy, was 3.13. This means that most of the exports of Coconut Oil are explained by 8 countries.

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Value of Exports in Coconut Oil

Net Trade

TOP NET EXPORTER (2023)Indonesia$2.49B
TOP NET IMPORTER (2023)United States$1.03B

This map shows which countries export or import more of Coconut Oil. Each country is colored based on the difference in exports and imports of Coconut Oil during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Coconut Oil were Indonesia ($2.49B), Philippines ($1.15B), Malaysia ($676M), Papua New Guinea ($124M), and Thailand ($102M).

In 2023, the countries that had a largest trade value in imports than in exports of Coconut Oil were United States ($1.03B), China ($891M), Germany ($566M), Brazil ($267M), and Russia ($158M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Coconut Oil, disaggragated by their HS6 level were Palm kernel & babassu oil, fractions,... ($2.44B), Coconut (copra) oil or fractions simply... ($1.75B), Coconut (copra) oil crude ($1.41B), and Palm kernel or babassu oil, crude ($1.04B)

HS6 Disaggregation for Coconut Oil (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Coconut Oil by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $30.5M
TOP IMPORT POTENTIALIndia+ $1.88M

Coconut Oil’s highest export potential is Russia. With an export gap of $30.5M.  Coconut Oil’s highest import potential is India with an import gap of $1.88M.

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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Coconut Oil.

Country by Relatedness

The following visualization shows the relatedness of Coconut Oil to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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