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.