Fish oil1504 (Harmonized System 1992 for 4-digit)
2021 World Trade: $2.52B, Rnk 703 / 1217
2021 Top Exporter | Top Importer: $532M | $408M, Peru | Norway
2021 Product Complexity: -2, Rnk 998 / 1024
2020 - 2021 Export Growth (CAGR): 3.07%, Rnk 1095 / 1217
2018 Mean Tariff: 5.27%, Rnk 789 / 1259
2021 Share of World Trade: 0.00012%, Rnk 703 / 1217
Overview This page contains the latest trade data of Fish oil. In 2021, Fish oil were the world's 703rd most traded product, with a total trade of $2.52B. Between 2020 and 2021 the exports of Fish oil grew by 3.07%, from $2.45B to $2.52B. Trade in Fish oil represent 0.00012% of total world trade.
Fish oil are a part of Animal or vegetable fats, oils, & 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 2021 the top exporters of Fish oil were Peru ($532M), Norway ($227M), Denmark ($219M), Chile ($210M), and United States ($152M).
Imports In 2021 the top importers of Fish oil were Norway ($408M), China ($186M), Belgium ($168M), Denmark ($167M), and Canada ($143M).
Tariffs In 2018 the average tariff for Fish oil was 5.27%, making it the 789th lowest tariff using the HS4 product classification.
Ranking Fish oil ranks 998th in the Product Complexity Index (PCI).
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.
Trade By Country
Fish oil are the world's 703rd most traded product.
In 2021, the top exporters of Fish oil were Peru ($532M), Norway ($227M), Denmark ($219M), Chile ($210M), and United States ($152M).
In 2021, the top importers of Fish oil were Norway ($408M), China ($186M), Belgium ($168M), Denmark ($167M), and Canada ($143M).
Trade by country
Top Origin Growth (2020 - 2021): Peru, $167M
Top Destination Growth (2020 - 2021): United Kingdom, $38.4M
Between 2020 and 2021, the exports of Fish oil grew the fastest in Peru ($167M), China ($40.8M), Germany ($21.2M), Oman ($17.6M), and Chile ($17M).
Between 2020 and 2021, the fastest growing importers of Fish oil were United Kingdom ($38.4M), Belgium ($30.6M), Greece ($21.4M), United States ($19M), and China ($16.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Fish oil.
In 2021, market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Fish oil are explained by 20 countries.
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Fish oil were Peru ($476M), Chile ($121M), Iceland ($82.6M), Mauritania ($71M), and Morocco ($64.5M).
In 2021, the countries that had a largest trade value in imports than in exports of Fish oil were Norway ($181M), Belgium ($157M), Canada ($113M), United Kingdom ($103M), and Turkey ($82.7M).
In 2021, the world most traded Fish oil, disaggragated by their HS6 level were Fish oils except liver, not chemically... ($2.31B), Fish-liver oils, fractions, not chemically modified ($185M), and Marine mammal fats, oils, etc. not... ($25.8M)
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.
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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