Coconut OilCoconut (copra), palm kernel or babassu oil and their fractions; whether or not refined but not chemically modified
1513 (Harmonized System 1992 for 4-digit)
2021 World Trade: $8.04B, Rnk 412 / 1217
2021 Top Exporter | Top Importer: $3.01B | $1.12B, Indonesia | United States
2021 Product Complexity: -1.69, Rnk 970 / 1024
2020 - 2021 Export Growth (CAGR): 53.5%, Rnk 93 / 1217
2018 Mean Tariff: 8.73%, Rnk 487 / 1259
2021 Share of World Trade: 0.00038%, Rnk 412 / 1217
Overview This page contains the latest trade data of Coconut Oil. In 2021, Coconut Oil were the world's 412th most traded product, with a total trade of $8.04B. Between 2020 and 2021 the exports of Coconut Oil grew by 53.5%, from $5.24B to $8.04B. Trade in Coconut Oil represent 0.00038% of total world trade.
Coconut Oil are a part of Animal or vegetable fats, oils, & waxes. They include Coconut (copra) oil crude, Palm kernel & babassu oil, fractions, simply refined, Palm kernel or babassu oil, crude, and Coconut (copra) oil or fractions simply refined.
Exports In 2021 the top exporters of Coconut Oil were Indonesia ($3.01B), Philippines ($1.55B), Malaysia ($1.54B), Netherlands ($473M), and Thailand ($236M).
Imports In 2021 the top importers of Coconut Oil were United States ($1.12B), Netherlands ($1.12B), China ($1.1B), Malaysia ($722M), and Germany ($572M).
Tariffs In 2018 the average tariff for Coconut Oil was 8.73%, making it the 487th lowest tariff using the HS4 product classification.
Ranking Coconut Oil ranks 970th in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): Indonesia, $3.01B
Top Destination (2021): United States, $1.12B
Coconut Oil are the world's 412th most traded product.
In 2021, the top exporters of Coconut Oil were Indonesia ($3.01B), Philippines ($1.55B), Malaysia ($1.54B), Netherlands ($473M), and Thailand ($236M).
In 2021, the top importers of Coconut Oil were United States ($1.12B), Netherlands ($1.12B), China ($1.1B), Malaysia ($722M), and Germany ($572M).
Trade by country
Between 2020 and 2021, the exports of Coconut Oil grew the fastest in Indonesia ($999M), Philippines ($522M), Malaysia ($508M), Thailand ($179M), and Netherlands ($145M).
Between 2020 and 2021, the fastest growing importers of Coconut Oil were China ($400M), Netherlands ($347M), Malaysia ($285M), United States ($281M), and Germany ($223M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Coconut Oil.
In 2021, market concentration measured using Shannon Entropy, was 2.99. This means that most of the exports of Coconut Oil are explained by 7 countries.
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Coconut Oil were Indonesia ($2.91B), Philippines ($1.5B), Malaysia ($822M), Thailand ($221M), and Papua New Guinea ($143M).
In 2021, the countries that had a largest trade value in imports than in exports of Coconut Oil were China ($1.1B), United States ($1.04B), Netherlands ($644M), Germany ($471M), and Brazil ($312M).
In 2021, the world most traded Coconut Oil, disaggragated by their HS6 level were Palm kernel & babassu oil, fractions,... ($2.82B), Coconut (copra) oil or fractions simply... ($1.91B), Coconut (copra) oil crude ($1.89B), and Palm kernel or babassu oil, crude ($1.42B)
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.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 nutria