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

382311 (Harmonized System 1996 for 6-digit)

2023
World Trade $1.46BRnk 1737 / 4766
2023
Top Exporter | Top Importer $758M | $360MIndonesia | China
2023
Product Complexity -0.9Rnk 3815 / 4780
2022 - 2023
Export Growth (CAGR) -28%Rnk 4260 / 4766
2023
Share of World Trade 0.0065%Rnk 1737 / 4766

About

Overview This page contains the latest trade data of Industrial Oils: Stearic acid type. In 2023, Industrial Oils: Stearic acid type were the world's 1737th most traded product, with a total trade of $1.46B. Between 2022 and 2023 the exports of Industrial Oils: Stearic acid type decreased by -28%, from $2.03B to $1.46B. Trade in Industrial Oils: Stearic acid type represent 0.0065% of total world trade.

Industrial Oils: Stearic 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: Stearic acid type  were Indonesia ($758M), Malaysia ($353M), Netherlands ($76.6M), Germany ($44.5M), and Sweden ($38.5M).

Imports In 2023 the top importers of Industrial Oils: Stearic acid type were China ($360M), Netherlands ($87.2M), Turkey ($78.1M), Germany ($73.6M), and South Korea ($70.6M).

Ranking Industrial Oils: Stearic acid type ranks 3815th 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: Stearic 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$758M
Top Destination (2023)China$360M

In 2023 Industrial Oils: Stearic acid type were the world's 1737th most traded product (out of 4,766).

In 2023, the top exporters of Industrial Oils: Stearic acid type were Indonesia ($758M), Malaysia ($353M), Netherlands ($76.6M), Germany ($44.5M), and Sweden ($38.5M).

In 2023, the top importers of Industrial Oils: Stearic acid type were China ($360M), Netherlands ($87.2M), Turkey ($78.1M), Germany ($73.6M), and South Korea ($70.6M).

Explore Visualizations

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

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

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Ghana$6.15M
Top Destination Growth (2022 -  2023)Malaysia$22M

Between 2022 and 2023, the exports of Industrial Oils: Stearic acid type grew the fastest in Ghana ($6.15M), Thailand ($876k), Gabon ($796k), Honduras ($661k), and Panama ($527k).

Between 2022 and 2023, the fastest growing importers of Industrial Oils: Stearic acid type were Malaysia ($22M), India ($5.77M), Nigeria ($1.4M), Saudi Arabia ($814k), and Angola ($787k).

Explore Visualizations

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.37. This means that most of the exports of Industrial Oils: Stearic acid type are explained by 5 countries.

Explore Visualizations

Value of Exports in Industrial Oils: Stearic acid type

Net Trade

TOP NET EXPORTER (2023)Indonesia$754M
TOP NET IMPORTER (2023)China$331M

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

In 2023, the countries that had a largest trade value in exports than in imports of Industrial Oils: Stearic acid type were Indonesia ($754M), Malaysia ($305M), Sweden ($35M), Argentina ($13M), and Italy ($8.34M).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial Oils: Stearic acid type were China ($331M), Turkey ($77.2M), South Korea ($69.6M), Vietnam ($50.6M), and Mexico ($46.5M).

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: Stearic acid type.
It is possible to select the main countries that export or import Industrial Oils: Stearic acid type in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial Oils: Stearic 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