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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)

2023
World Trade $8.31BRnk 406 / 1217
2023
Top Exporter | Top Importer $1.61B | $1.08BIndonesia | China
2023
Product Complexity -0.9Rnk 831 / 1044
2022 - 2023
Export Growth (CAGR) -12.5%Rnk 827 / 1217
2023
Share of World Trade 0.037%Rnk 406 / 1217

About

Overview This page contains the latest trade data of Margarine. In 2023, Margarine were the world's 406th most traded product, with a total trade of $8.31B. Between 2022 and 2023 the exports of Margarine decreased by -12.5%, from $9.49B to $8.31B. Trade in Margarine represent 0.037% 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 2023 the top exporters of Margarine  were Indonesia ($1.61B), Belgium ($814M), Netherlands ($682M), Malaysia ($537M), and Germany ($497M).

Imports In 2023 the top importers of Margarine were China ($1.08B), France ($521M), Germany ($411M), Netherlands ($405M), and United States ($316M).

Ranking Margarine ranks 831st 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 (2023)Indonesia$1.61B
Top Destination (2023)China$1.08B

In 2023 Margarine were the world's 406th most traded product (out of 1,217).

In 2023, the top exporters of Margarine were Indonesia ($1.61B), Belgium ($814M), Netherlands ($682M), Malaysia ($537M), and Germany ($497M).

In 2023, the top importers of Margarine were China ($1.08B), France ($521M), Germany ($411M), Netherlands ($405M), and United States ($316M).

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Exporters of Margarine (2023)
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Importers of Margarine (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Belgium$61.3M
Top Destination Growth (2022 -  2023)Guatemala$30.2M

Between 2022 and 2023, the exports of Margarine grew the fastest in Belgium ($61.3M), Mexico ($43.4M), Spain ($39.4M), Denmark ($13.7M), and New Zealand ($13.2M).

Between 2022 and 2023, the fastest growing importers of Margarine were Guatemala ($30.2M), Belgium ($22.9M), Italy ($22.1M), Ireland ($20.3M), and Romania ($17.4M).

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Exporters of Margarine (2022 - 2023)

Importers of Margarine (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.68. 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 (2023)Indonesia$1.57B
TOP NET IMPORTER (2023)China$1.04B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Margarine were Indonesia ($1.57B), Belgium ($684M), Malaysia ($480M), Netherlands ($277M), and Sweden ($223M).

In 2023, the countries that had a largest trade value in imports than in exports of Margarine were China ($1.04B), France ($440M), United Kingdom ($232M), Ireland ($158M), and Czechia ($99M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Margarine, disaggragated by their HS6 level were Edible Fat and Oil Mixes (Animal... ($6.19B) and Margarine, except liquid margarine ($2.12B)

HS6 Disaggregation for Margarine (2023)
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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 (2023)

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 (2023)

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