NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols

3823 (Harmonized System 1992 for 4-digit)

2023
World Trade $95.6BRnk 31 / 1217
2023
Top Exporter | Top Importer $15.3B | $11.4BChina | United States
2023
Product Complexity 0.84Rnk 237 / 1044
2022 - 2023
Export Growth (CAGR) -3.38%Rnk 511 / 1217
2023
Share of World Trade 0.42%Rnk 31 / 1217

About

Overview This page contains the latest trade data of Industrial Fatty Acids, Oils and Alcohols. In 2023, Industrial Fatty Acids, Oils and Alcohols were the world's 31st most traded product, with a total trade of $95.6B. Between 2022 and 2023 the exports of Industrial Fatty Acids, Oils and Alcohols decreased by -3.38%, from $99B to $95.6B. Trade in Industrial Fatty Acids, Oils and Alcohols represent 0.42% of total world trade.

Industrial Fatty Acids, Oils and Alcohols are a part of Chemical products n.e.s.. They include Chemical industry products, preparations, mixtures ne, Prepared additives for cements, mortars or concretes, Non-refractory mortars and concretes, Non-agglomerated metal carbides, Prepared binders for foundry moulds or cores, Sorbitol except D-glucitol, and Naphthenic acids, water-insoluble salts & esters.

Exports In 2023 the top exporters of Industrial Fatty Acids, Oils and Alcohols  were China ($15.3B), Germany ($10.5B), United States ($9.54B), South Korea ($8.4B), and Netherlands ($7.26B).

Imports In 2023 the top importers of Industrial Fatty Acids, Oils and Alcohols were United States ($11.4B), Netherlands ($10.2B), Germany ($5.97B), China ($5.96B), and France ($4.83B).

Ranking Industrial Fatty Acids, Oils and Alcohols ranks 237th in the Product Complexity Index (PCI).

Description Industrial monocarboxylic fatty acids are used in the production of soap, in the manufacture of various types of plastics, and in the production of detergents. Acid oils from refining are used in the manufacture of synthetic detergents, and industrial fatty alcohols are used as solvents.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Industrial Fatty Acids, Oils and Alcohols. 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)China$15.3B
Top Destination (2023)United States$11.4B

In 2023 Industrial Fatty Acids, Oils and Alcohols were the world's 31st most traded product (out of 1,217).

In 2023, the top exporters of Industrial Fatty Acids, Oils and Alcohols were China ($15.3B), Germany ($10.5B), United States ($9.54B), South Korea ($8.4B), and Netherlands ($7.26B).

In 2023, the top importers of Industrial Fatty Acids, Oils and Alcohols were United States ($11.4B), Netherlands ($10.2B), Germany ($5.97B), China ($5.96B), and France ($4.83B).

Explore Visualizations

Exporters of Industrial Fatty Acids, Oils and Alcohols (2023)
[Click to Select a Country]

Importers of Industrial Fatty Acids, Oils and Alcohols (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$4.34B
Top Destination Growth (2022 -  2023)United States$4.07B

Between 2022 and 2023, the exports of Industrial Fatty Acids, Oils and Alcohols grew the fastest in South Korea ($4.34B), China ($2.43B), Ireland ($623M), Hong Kong ($128M), and Guyana ($88.6M).

Between 2022 and 2023, the fastest growing importers of Industrial Fatty Acids, Oils and Alcohols were United States ($4.07B), Hungary ($1.47B), Mexico ($361M), Thailand ($198M), and India ($133M).

Explore Visualizations

Exporters of Industrial Fatty Acids, Oils and Alcohols (2022 - 2023)

Importers of Industrial Fatty Acids, Oils and Alcohols (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial Fatty Acids, Oils and Alcohols.

In 2023, market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Industrial Fatty Acids, Oils and Alcohols are explained by 22 countries.

Explore Visualizations

Value of Exports in Industrial Fatty Acids, Oils and Alcohols

Net Trade

TOP NET EXPORTER (2023)China$9.33B
TOP NET IMPORTER (2023)Hungary$3.61B

This map shows which countries export or import more of Industrial Fatty Acids, Oils and Alcohols. Each country is colored based on the difference in exports and imports of Industrial Fatty Acids, Oils and Alcohols during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Industrial Fatty Acids, Oils and Alcohols were China ($9.33B), South Korea ($5.9B), Germany ($4.57B), Japan ($4.19B), and Ireland ($2.82B).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial Fatty Acids, Oils and Alcohols were Hungary ($3.61B), Netherlands ($2.93B), United Kingdom ($2.54B), Mexico ($2.36B), and France ($1.9B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Industrial Fatty Acids, Oils and Alcohols, disaggragated by their HS6 level were Chemical industry products, preparations, mixtures ne ($90.8B), Prepared additives for cements, mortars or... ($2.04B), Non-refractory mortars and concretes ($1.34B), Non-agglomerated metal carbides ($600M), and Prepared binders for foundry moulds or... ($480M)

HS6 Disaggregation for Industrial Fatty Acids, Oils and Alcohols (2023)
[Click to Select]

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Industrial Fatty Acids, Oils and Alcohols.
It is possible to select the main countries that export or import Industrial Fatty Acids, Oils and Alcohols in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial Fatty Acids, Oils and Alcohols by percentage of total exports

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $76.5M
TOP IMPORT POTENTIALMalaysia+ $21.1M

Industrial Fatty Acids, Oils and Alcohols’s highest export potential is India. With an export gap of $76.5M.  Industrial Fatty Acids, Oils and Alcohols’s highest import potential is Malaysia with an import gap of $21.1M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Industrial Fatty Acids, Oils and Alcohols.

Country by Relatedness

The following visualization shows the relatedness of Industrial Fatty Acids, Oils and Alcohols to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms