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

382312 (Harmonized System 1996 for 6-digit)

2023
World Trade $544MRnk 2823 / 4766
2023
Top Exporter | Top Importer $201M | $98.1MIndonesia | China
2023
Product Complexity -0.082Rnk 2755 / 4780
2022 - 2023
Export Growth (CAGR) -31%Rnk 4382 / 4766
2023
Share of World Trade 0.0024%Rnk 2823 / 4766

About

Overview This page contains the latest trade data of Industrial Oils: Oleic acid type. In 2023, Industrial Oils: Oleic acid type were the world's 2823rd most traded product, with a total trade of $544M. Between 2022 and 2023 the exports of Industrial Oils: Oleic acid type decreased by -31%, from $789M to $544M. Trade in Industrial Oils: Oleic acid type represent 0.0024% of total world trade.

Industrial Oils: Oleic acid type are a part of Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols.

Exports In 2023 the top exporters of Industrial Oils: Oleic acid type  were Indonesia ($201M), Malaysia ($148M), Belgium ($40.4M), Netherlands ($31M), and Germany ($18.6M).

Imports In 2023 the top importers of Industrial Oils: Oleic acid type were China ($98.1M), Japan ($37.8M), India ($37.4M), South Korea ($33.6M), and Netherlands ($33.3M).

Ranking Industrial Oils: Oleic acid type ranks 2755th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Industrial Oils: Oleic acid type. 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)Indonesia$201M
Top Destination (2023)China$98.1M

In 2023 Industrial Oils: Oleic acid type were the world's 2823rd most traded product (out of 4,766).

In 2023, the top exporters of Industrial Oils: Oleic acid type were Indonesia ($201M), Malaysia ($148M), Belgium ($40.4M), Netherlands ($31M), and Germany ($18.6M).

In 2023, the top importers of Industrial Oils: Oleic acid type were China ($98.1M), Japan ($37.8M), India ($37.4M), South Korea ($33.6M), and Netherlands ($33.3M).

Explore Visualizations

Exporters of Industrial Oils: Oleic acid type (2023)
[Click to Select a Country]

Importers of Industrial Oils: Oleic acid type (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$5.96M
Top Destination Growth (2022 -  2023)Malaysia$8.59M

Between 2022 and 2023, the exports of Industrial Oils: Oleic acid type grew the fastest in India ($5.96M), Kazakhstan ($2.85M), Mexico ($2.49M), Poland ($1.41M), and Egypt ($567k).

Between 2022 and 2023, the fastest growing importers of Industrial Oils: Oleic acid type were Malaysia ($8.59M), China ($3.73M), Saudi Arabia ($3.48M), Kazakhstan ($3.36M), and United Arab Emirates ($2.2M).

Explore Visualizations

Exporters of Industrial Oils: Oleic acid type (2022 - 2023)

Importers of Industrial Oils: Oleic acid type (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial Oils: Oleic acid type.

In 2023, market concentration measured using Shannon Entropy, was 2.88. This means that most of the exports of Industrial Oils: Oleic acid type are explained by 7 countries.

Explore Visualizations

Value of Exports in Industrial Oils: Oleic acid type

Net Trade

TOP NET EXPORTER (2023)Indonesia$200M
TOP NET IMPORTER (2023)China$83.4M

This map shows which countries export or import more of Industrial Oils: Oleic acid type. Each country is colored based on the difference in exports and imports of Industrial Oils: Oleic acid type during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Industrial Oils: Oleic acid type were Indonesia ($200M), Malaysia ($116M), Belgium ($25.1M), Argentina ($7M), and Uruguay ($457k).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial Oils: Oleic acid type were China ($83.4M), Japan ($34.4M), South Korea ($30.5M), France ($24.9M), and India ($19.4M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Industrial Oils: Oleic acid type by percentage of total exports

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)

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