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Fats and oils and their fractions of fish or marine mammals; whether or not refined, but not chemically modified

1504 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.17BRnk 668 / 1218
2022
Top Exporter | Top Importer $556M | $563MPeru | Norway
2022
Product Complexity -1.45Rnk 951 / 1033
2021 - 2022
Export Growth (CAGR) 26.5%Rnk 116 / 1218
2022
Share of World Trade 0.013%Rnk 668 / 1218

About

Overview This page contains the latest trade data of Fish oil. In 2022, Fish oil were the world's 668th most traded product, with a total trade of $3.17B. Between 2021 and 2022 the exports of Fish oil grew by 26.5%, from $2.51B to $3.17B. Trade in Fish oil represent 0.013% of total world trade.

Fish oil are a part of Animal or vegetable fats, oils, & waxes. They include Fish Oils (excl. Liver, Not Chemically Modified), Fish-Liver Oils (Not Chemically Modified), and Marine mammal fats, oils, etc. not chemically modifie.

Exports In 2022 the top exporters of Fish oil  were Peru ($556M), Norway ($253M), Chile ($249M), Denmark ($244M), and Iceland ($226M).

Imports In 2022 the top importers of Fish oil were Norway ($563M), China ($258M), Denmark ($232M), United States ($203M), and Chile ($186M).

Ranking Fish oil ranks 951st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Fish 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.

Explore Latest Trends

* 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 (2022)Peru$556M
Top Destination (2022)Norway$563M

In 2022 Fish oil were the world's 668th most traded product (out of 1,218).

In 2022, the top exporters of Fish oil were Peru ($556M), Norway ($253M), Chile ($249M), Denmark ($244M), and Iceland ($226M).

In 2022, the top importers of Fish oil were Norway ($563M), China ($258M), Denmark ($232M), United States ($203M), and Chile ($186M).

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Exporters of Fish oil (2022)
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Importers of Fish oil (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Iceland$126M
Top Destination Growth (2021 -  2022)Norway$147M

Between 2021 and 2022, the exports of Fish oil grew the fastest in Iceland ($126M), Morocco ($93.2M), Vietnam ($54.3M), India ($42.5M), and Chile ($35.9M).

Between 2021 and 2022, the fastest growing importers of Fish oil were Norway ($147M), Chile ($96.5M), China ($71M), United States ($65.5M), and Denmark ($59.5M).

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Exporters of Fish oil (2021 - 2022)

Importers of Fish oil (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Fish oil.

In 2022, market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Fish oil are explained by 23 countries.

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Value of Exports in Fish oil

Net Trade

TOP NET EXPORTER (2022)Peru$490M
TOP NET IMPORTER (2022)Norway$310M

This map shows which countries export or import more of Fish oil. Each country is colored based on the difference in exports and imports of Fish oil during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Fish oil were Peru ($490M), Iceland ($216M), Morocco ($156M), Mauritania ($84.8M), and Mexico ($71.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Fish oil were Norway ($310M), United Kingdom ($127M), Canada ($125M), Turkey ($103M), and Belgium ($88.6M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Fish oil, disaggragated by their HS6 level were Fish Oils (excl. Liver, Not Chemically... ($2.97B), Fish-Liver Oils (Not Chemically Modified) ($185M), and Marine mammal fats, oils, etc. not... ($13.3M)

HS6 Disaggregation for Fish oil (2022)
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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 Fish oil.
It is possible to select the main countries that export or import Fish oil in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Fish oil by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $2.04M
TOP IMPORT POTENTIALGermany+ $1.65M

Fish oil’s highest export potential is Germany. With an export gap of $2.04M.  Fish oil’s highest import potential is Germany with an import gap of $1.65M.

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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Fish oil.

Country by Relatedness

The following visualization shows the relatedness of Fish 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 (2022)

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