HS Icon Fish Oil

1504 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Fish Oil. In 2020, Fish Oil were the world's 660th most traded product, with a total trade of $2.43B. Between 2019 and 2020 the exports of Fish Oil grew by 8.4%, from $2.24B to $2.43B. Trade in Fish Oil represent 0.014% of total world trade.

Fish Oil are a part of Animal or vegetable fats, oils and waxes. They include Fish oils except liver, not chemically modified, Fish-liver oils, fractions, not chemically modified, and Marine mammal fats, oils, etc. not chemically modifie.

Exports In 2020 the top exporters of Fish Oil  were Peru ($365M), Denmark ($245M), Norway ($211M), Chile ($192M), and United States ($188M).

Imports In 2020 the top importers of Fish Oil were Norway ($431M), Denmark ($214M), China ($169M), Chile ($138M), and Canada ($137M).

Tariffs In 2018 the average tariff for Fish Oil was 5.27%, making it the 789th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Fish Oil are Bahamas (35.7%), Bhutan (29.4%), India (24.6%), and Tanzania (23.6%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking Fish Oil ranks 975th in the Product Complexity Index (PCI).

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Flow
Y-AXIS SCALE

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.

* 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 (2020): Peru, $365M

Top Destination (2020): Norway, $431M

Fish Oil are the world's 660th most traded product.

In 2020, the top exporters of Fish Oil were Peru ($365M), Denmark ($245M), Norway ($211M), Chile ($192M), and United States ($188M).

In 2020, the top importers of Fish Oil were Norway ($431M), Denmark ($214M), China ($169M), Chile ($138M), and Canada ($137M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Denmark, $48.2M

Top Destination Growth (2019 - 2020): Norway, $69.2M

Between 2019 and 2020, the exports of Fish Oil grew the fastest in Denmark ($48.2M), Chile ($43.4M), Norway ($34.9M), Netherlands ($24.9M), and Mexico ($22.8M).

Between 2019 and 2020, the fastest growing importers of Fish Oil were Norway ($69.2M), Denmark ($30.5M), Chile ($30.4M), Peru ($30.4M), and Netherlands ($20.9M).

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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 Fish Oil.

In 2020,  market concentration measured using Shannon Entropy, was 4.58. This means that most of the exports of Fish Oil are explained by 23 countries.

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TOP NET EXPORTER (2020): Peru, $312M

TOP NET IMPORTER (2020): Norway, $220M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Fish Oil were Peru ($312M), Mauritania ($107M), Iceland ($84.6M), Morocco ($83.2M), and United States ($70.1M).

In 2020, the countries that had a largest trade value in imports than in exports of Fish Oil were Norway ($220M), Belgium ($116M), Canada ($109M), China ($58.9M), and United Kingdom ($54.6M).

Disaggregation

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Value

In 2020, the world most traded Fish Oil, disaggragated by their HS6 level were Fish oils except liver, not chemically... ($2.23B), Fish-liver oils, fractions, not chemically modified ($190M), and Marine mammal fats, oils, etc. not... ($8.44M)

Country Comparison

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Flow
Measure
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.

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 Fish Oil to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.