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Oil seeds; linseed, whether or not broken

1204 (Harmonized System 1992 for 4-digit)

2022
World Trade $1.5BRnk 853 / 1218
2022
Top Exporter | Top Importer $538M | $367MRussia | China
2022
Product Complexity -1.08Rnk 863 / 1033
2021 - 2022
Export Growth (CAGR) 14.9%Rnk 275 / 1218
2022
Share of World Trade 0.0063%Rnk 853 / 1218

About

Overview This page contains the latest trade data of Linseed. In 2022, Linseed were the world's 853rd most traded product, with a total trade of $1.5B. Between 2021 and 2022 the exports of Linseed grew by 14.9%, from $1.31B to $1.5B. Trade in Linseed represent 0.0063% of total world trade.

Linseed are a part of Oils seeds, oleaginous fruits, grains, straw & fodder. They include Linseed.

Exports In 2022 the top exporters of Linseed  were Russia ($538M), Kazakhstan ($385M), Canada ($179M), Belgium ($95.8M), and Poland ($69.5M).

Imports In 2022 the top importers of Linseed were China ($367M), Belgium ($289M), United States ($234M), Germany ($128M), and Poland ($62.1M).

Ranking Linseed ranks 863rd in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Linseed. 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)Russia$538M
Top Destination (2022)China$367M

In 2022 Linseed were the world's 853rd most traded product (out of 1,218).

In 2022, the top exporters of Linseed were Russia ($538M), Kazakhstan ($385M), Canada ($179M), Belgium ($95.8M), and Poland ($69.5M).

In 2022, the top importers of Linseed were China ($367M), Belgium ($289M), United States ($234M), Germany ($128M), and Poland ($62.1M).

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Exporters of Linseed (2022)
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Importers of Linseed (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Kazakhstan$154M
Top Destination Growth (2021 -  2022)United States$102M

Between 2021 and 2022, the exports of Linseed grew the fastest in Kazakhstan ($154M), Russia ($90.7M), Belgium ($14.9M), Turkey ($12.1M), and India ($9.83M).

Between 2021 and 2022, the fastest growing importers of Linseed were United States ($102M), China ($51.2M), Germany ($27.7M), Afghanistan ($27.1M), and Netherlands ($16.3M).

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Exporters of Linseed (2021 - 2022)

Importers of Linseed (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Linseed.

In 2022, market concentration measured using Shannon Entropy, was 2.93. This means that most of the exports of Linseed are explained by 7 countries.

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Value of Exports in Linseed

Net Trade

TOP NET EXPORTER (2022)Russia$524M
TOP NET IMPORTER (2022)China$365M

This map shows which countries export or import more of Linseed. Each country is colored based on the difference in exports and imports of Linseed during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Linseed were Russia ($524M), Kazakhstan ($375M), Canada ($166M), India ($25.2M), and Ukraine ($14.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Linseed were China ($365M), United States ($221M), Belgium ($194M), Germany ($112M), and Afghanistan ($30.8M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Linseed by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALPoland+ $5.45M
TOP IMPORT POTENTIALBelgium+ $260k

Linseed’s highest export potential is Poland. With an export gap of $5.45M.  Linseed’s highest import potential is Belgium with an import gap of $260k.

See methodology.

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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)

Country by Relatedness

The following visualization shows the relatedness of Linseed to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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