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Margarine; edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516

1517 (Harmonized System 1992 for 4-digit)

2022
World Trade $9.97BRnk 376 / 1218
2022
Top Exporter | Top Importer $1.98B | $1.33BIndonesia | China
2022
Product Complexity -0.83Rnk 809 / 1033
2021 - 2022
Export Growth (CAGR) 22%Rnk 150 / 1218
2022
Share of World Trade 0.042%Rnk 376 / 1218

About

Overview This page contains the latest trade data of Margarine. In 2022, Margarine were the world's 376th most traded product, with a total trade of $9.97B. Between 2021 and 2022 the exports of Margarine grew by 22%, from $8.17B to $9.97B. Trade in Margarine represent 0.042% of total world trade.

Margarine are a part of Animal or vegetable fats, oils, & waxes. They include Edible Fat and Oil Mixes (Animal & Vegetable) and Margarine, except liquid margarine.

Exports In 2022 the top exporters of Margarine  were Indonesia ($1.98B), Belgium ($849M), Netherlands ($805M), Malaysia ($696M), and Germany ($595M).

Imports In 2022 the top importers of Margarine were China ($1.33B), France ($570M), Germany ($519M), Netherlands ($499M), and United States ($389M).

Ranking Margarine ranks 809th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Margarine. 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$1.98B
Top Destination (2022)China$1.33B

In 2022 Margarine were the world's 376th most traded product (out of 1,218).

In 2022, the top exporters of Margarine were Indonesia ($1.98B), Belgium ($849M), Netherlands ($805M), Malaysia ($696M), and Germany ($595M).

In 2022, the top importers of Margarine were China ($1.33B), France ($570M), Germany ($519M), Netherlands ($499M), and United States ($389M).

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

Color
Top Origin Growth (2021 -  2022)Indonesia$391M
Top Destination Growth (2021 -  2022)China$270M

Between 2021 and 2022, the exports of Margarine grew the fastest in Indonesia ($391M), Belgium ($178M), Malaysia ($156M), Poland ($136M), and Germany ($127M).

Between 2021 and 2022, the fastest growing importers of Margarine were China ($270M), France ($131M), Netherlands ($130M), Uzbekistan ($122M), and Germany ($114M).

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Exporters of Margarine (2021 - 2022)

Importers of Margarine (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.67. This means that most of the exports of Margarine are explained by 25 countries.

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Value of Exports in Margarine

Net Trade

TOP NET EXPORTER (2022)Indonesia$1.93B
TOP NET IMPORTER (2022)China$1.28B

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

In 2022, the countries that had a largest trade value in exports than in imports of Margarine were Indonesia ($1.93B), Belgium ($682M), Malaysia ($659M), Russia ($380M), and Netherlands ($306M).

In 2022, the countries that had a largest trade value in imports than in exports of Margarine were China ($1.28B), France ($491M), United Kingdom ($231M), Uzbekistan ($228M), and Iraq ($145M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Margarine, disaggragated by their HS6 level were Edible Fat and Oil Mixes (Animal... ($7.57B) and Margarine, except liquid margarine ($2.39B)

HS6 Disaggregation for Margarine (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Margarine by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $20.7M
TOP IMPORT POTENTIALMalaysia+ $6.81M

Margarine’s highest export potential is United States. With an export gap of $20.7M.  Margarine’s highest import potential is Malaysia with an import gap of $6.81M.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Margarine.

Country by Relatedness

The following visualization shows the relatedness of Margarine 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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