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382312 (Harmonized System 1996 for 6-digit)

2022
World Trade $730MRnk 2600 / 4769
2022
Top Exporter | Top Importer $231M | $103MIndonesia | China
2022
Product Complexity -0.71Rnk 3593 / 4776
2021 - 2022
Export Growth (CAGR) 20.3%Rnk 788 / 4769
2022
Share of World Trade 0.0031%Rnk 2600 / 4769

About

Overview This page contains the latest trade data of Industrial Oils: Oleic acid type. In 2022, Industrial Oils: Oleic acid type were the world's 2600th most traded product, with a total trade of $730M. Between 2021 and 2022 the exports of Industrial Oils: Oleic acid type grew by 20.3%, from $607M to $730M. Trade in Industrial Oils: Oleic acid type represent 0.0031% 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 2022 the top exporters of Industrial Oils: Oleic acid type  were Indonesia ($231M), Malaysia ($211M), Netherlands ($71.1M), Belgium ($67.9M), and Germany ($35.4M).

Imports In 2022 the top importers of Industrial Oils: Oleic acid type were China ($103M), Japan ($86.5M), Netherlands ($85.9M), South Korea ($52.3M), and France ($49.1M).

Ranking Industrial Oils: Oleic acid type ranks 3593rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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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.

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* 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)Indonesia$231M
Top Destination (2022)China$103M

In 2022 Industrial Oils: Oleic acid type were the world's 2600th most traded product (out of 4,769).

In 2022, the top exporters of Industrial Oils: Oleic acid type were Indonesia ($231M), Malaysia ($211M), Netherlands ($71.1M), Belgium ($67.9M), and Germany ($35.4M).

In 2022, the top importers of Industrial Oils: Oleic acid type were China ($103M), Japan ($86.5M), Netherlands ($85.9M), South Korea ($52.3M), and France ($49.1M).

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Exporters of Industrial Oils: Oleic acid type (2022)
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Importers of Industrial Oils: Oleic acid type (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$62.2M
Top Destination Growth (2021 -  2022)China$33.1M

Between 2021 and 2022, the exports of Industrial Oils: Oleic acid type grew the fastest in Indonesia ($62.2M), Netherlands ($27.4M), Belgium ($12M), Italy ($6.5M), and China ($6.33M).

Between 2021 and 2022, the fastest growing importers of Industrial Oils: Oleic acid type were China ($33.1M), Japan ($22.1M), France ($17.1M), United States ($13.2M), and South Korea ($10.7M).

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Exporters of Industrial Oils: Oleic acid type (2021 - 2022)

Importers of Industrial Oils: Oleic acid type (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.87. This means that most of the exports of Industrial Oils: Oleic acid type are explained by 7 countries.

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Value of Exports in Industrial Oils: Oleic acid type

Net Trade

TOP NET EXPORTER (2022)Indonesia$229M
TOP NET IMPORTER (2022)China$88.3M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Industrial Oils: Oleic acid type were Indonesia ($229M), Malaysia ($199M), Belgium ($37.1M), Germany ($13.2M), and Argentina ($13M).

In 2022, the countries that had a largest trade value in imports than in exports of Industrial Oils: Oleic acid type were China ($88.3M), Japan ($82M), France ($48.8M), South Korea ($44.4M), and India ($30.3M).

Net Trade (2022)

Country Comparison

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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 (2022)

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