Essential Oils3301 (Harmonized System 1992 for 4-digit)
2020 World Trade: $5.41B, Rnk 454 / 1217
2020 Top Exporter | Top Importer: $816M | $1.05B, United States | United States
2020 Product Complexity: -1.16, Rnk 877 / 1028
2019 - 2020 Export Growth (CAGR): -14.1%, Rnk 881 / 1217
2018 Mean Tariff: 7.65%, Rnk 570 / 1259
2020 Share of World Trade: 0.032%, Rnk 454 / 1217
Overview This page contains the latest trade data of Essential Oils. In 2020, Essential Oils were the world's 454th most traded product, with a total trade of $5.41B. Between 2019 and 2020 the exports of Essential Oils decreased by -14.1%, from $6.3B to $5.41B. Trade in Essential Oils represent 0.032% 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 other mints, Essential oils of orange, Essential oils of citrus fruits, nes, Essential oils of peppermint, Resinoids, Essential oils of lime, and Essential oils of geranium, among others.
Exports In 2020 the top exporters of Essential Oils were United States ($816M), India ($712M), France ($480M), China ($403M), and Brazil ($274M).
Imports In 2020 the top importers of Essential Oils were United States ($1.05B), France ($414M), China ($364M), Germany ($350M), and Netherlands ($295M).
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 877th 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.
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.
Trade By Country
Top Origin (2020): United States, $816M
Top Destination (2020): United States, $1.05B
Essential Oils are the world's 454th most traded product.
In 2020, the top exporters of Essential Oils were United States ($816M), India ($712M), France ($480M), China ($403M), and Brazil ($274M).
In 2020, the top importers of Essential Oils were United States ($1.05B), France ($414M), China ($364M), Germany ($350M), and Netherlands ($295M).
Trade by country
Top Origin Growth (2019 - 2020): Netherlands, $45M
Top Destination Growth (2019 - 2020): China, $64.8M
Between 2019 and 2020, the exports of Essential Oils grew the fastest in Netherlands ($45M), United States ($35.3M), Indonesia ($20.7M), France ($16.3M), and Australia ($15.1M).
Between 2019 and 2020, the fastest growing importers of Essential Oils were China ($64.8M), Ireland ($41.5M), Poland ($32.4M), Netherlands ($30.3M), and Belgium ($16.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Essential Oils.
In 2020, market concentration measured using Shannon Entropy, was 4.67. This means that most of the exports of Essential Oils are explained by 25 countries.
TOP NET EXPORTER (2020): India, $536M
TOP NET IMPORTER (2020): United States, $233M
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Essential Oils were India ($536M), Argentina ($190M), Brazil ($186M), Indonesia ($103M), and Bulgaria ($91.7M).
In 2020, the countries that had a largest trade value in imports than in exports of Essential Oils were United States ($233M), Ireland ($220M), Netherlands ($159M), Japan ($156M), and Germany ($137M).
In 2020, the world most traded Essential Oils, disaggragated by their HS6 level were Essential oils, nes ($2.49B), Essential oils, terpenic by-products etc., nes ($930M), Essential oils of lemon ($454M), Essential oils of citrus fruits, nes ($443M), and Essential oils of orange ($440M)
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.
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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