HS Icon Essential Oils

Oils; essential (concretes, absolutes); concentrates thereof in fats, fixed oils, waxes or the like (obtained by enfleurage or maceration); aqueous distillates, solutions and terpenic by-products thereof; resinoids; extracted oleoresins

3301 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Essential Oils. In 2021, Essential Oils were the world's 486th most traded product, with a total trade of $6.05B. Between 2020 and 2021 the exports of Essential Oils grew by 11.3%, from $5.44B to $6.05B. Trade in Essential Oils represent 0.029% of total world trade.

Essential Oils are a part of Perfumery & cosmetics. They include Essential oils, nes, Essential oils, terpenic by-products etc., nes, Essential oils of lemon, Essential oils of orange, Essential oils of other mints, Essential oils of citrus fruits, nes, Essential oils of peppermint, Resinoids, Essential oils of lime, and Essential oils of geranium, among others.

Exports In 2021 the top exporters of Essential Oils  were United States ($856M), India ($817M), France ($501M), China ($418M), and Brazil ($281M).

Imports In 2021 the top importers of Essential Oils were United States ($1.16B), France ($466M), China ($407M), Germany ($398M), and Netherlands ($326M).

Tariffs In 2018 the average tariff for Essential Oils was 7.65%, making it the 570th lowest tariff using the HS4 product classification.

Ranking Essential Oils ranks 852nd in the Product Complexity Index (PCI).

Description Essential oils are used in many industries including health, beauty, and food. They are used as a fragrance in perfumes, soaps, detergents, and candles. Essential oils are also used for their medicinal purposes such as treatment of stress, insomnia, depression, and anxiety. Essential oils are also used in food for flavoring and preservation.

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The following visualization shows the latest trends on Essential Oils. 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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): United States, $856M

Top Destination (2021): United States, $1.16B

Essential Oils are the world's 486th most traded product.

In 2021, the top exporters of Essential Oils were United States ($856M), India ($817M), France ($501M), China ($418M), and Brazil ($281M).

In 2021, the top importers of Essential Oils were United States ($1.16B), France ($466M), China ($407M), Germany ($398M), and Netherlands ($326M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): United Arab Emirates, $185M

Top Destination Growth (2020 -  2021): Iran, $183M

Between 2020 and 2021, the exports of Essential Oils grew the fastest in United Arab Emirates ($185M), India ($104M), Netherlands ($45.8M), United States ($42.3M), and Germany ($35.1M).

Between 2020 and 2021, the fastest growing importers of Essential Oils were Iran ($183M), United States ($117M), France ($51.5M), Germany ($47.1M), and China ($41.3M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Essential Oils.

In 2021, market concentration measured using Shannon Entropy, was 4.75. This means that most of the exports of Essential Oils are explained by 26 countries.

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TOP NET EXPORTER (2021): India, $624M

TOP NET IMPORTER (2021): United States, $308M

This map shows which countries export or import more of Essential Oils. Each country is colored based on the difference in exports and imports of Essential Oils during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Essential Oils were India ($624M), Brazil ($200M), United Arab Emirates ($186M), Argentina ($127M), and Indonesia ($112M).

In 2021, the countries that had a largest trade value in imports than in exports of Essential Oils were United States ($308M), Iran ($185M), Germany ($146M), Netherlands ($143M), and Ireland ($141M).

Disaggregation

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Value

In 2021, the world most traded Essential Oils, disaggragated by their HS6 level were Essential oils, nes ($2.63B), Essential oils, terpenic by-products etc., nes ($1.36B), Essential oils of orange ($516M), Essential oils of citrus fruits, nes ($499M), and Essential oils of lemon ($441M)

Country Comparison

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Ranking

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

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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