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Vegetable oils; microbial fats and oils and their fractions, whether or not refined, but not chemically modified

151560 (Harmonized System 1992 for 6-digit)

2022
World Trade $79.4MRnk 4213 / 4648
2022
Top Exporter | Top Importer $16.5M | $15.8MChina | China
2022
Product Complexity -0.9Rnk 3941 / 4929
2014 - 2022
Export Growth (CAGR) 169k%Rnk 7 / 4648
2022
Share of World Trade 0.00034%Rnk 4213 / 4648

About

Overview This page contains the latest trade data of Microbial vegetable oils, refined or unrefined, not chemically modified. In 2022, Microbial vegetable oils, refined or unrefined, not chemically modified were the world's 4213th most traded product, with a total trade of $79.4M. Between 2014 and 2022 the exports of Microbial vegetable oils, refined or unrefined, not chemically modified grew by 169k%, from $46.8k to $79.4M. Trade in Microbial vegetable oils, refined or unrefined, not chemically modified represent 0.00034% of total world trade.

Microbial vegetable oils, refined or unrefined, not chemically modified are a part of Other Pure Vegetable Oils.

Exports In 2022 the top exporters of Microbial vegetable oils, refined or unrefined, not chemically modified  were China ($16.5M), New Zealand ($7.59M), United Kingdom ($7.14M), Canada ($7.12M), and Netherlands ($6.02M).

Imports In 2022 the top importers of Microbial vegetable oils, refined or unrefined, not chemically modified were China ($15.8M), United States ($12.1M), Netherlands ($11.2M), Tanzania ($8.02M), and Italy ($6.98M).

Ranking Microbial vegetable oils, refined or unrefined, not chemically modified ranks 3941st in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Microbial vegetable oils, refined or unrefined, not chemically modified. 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)China$16.5M
Top Destination (2022)China$15.8M

In 2022 Microbial vegetable oils, refined or unrefined, not chemically modified were the world's 4213th most traded product (out of 4,648).

In 2022, the top exporters of Microbial vegetable oils, refined or unrefined, not chemically modified were China ($16.5M), New Zealand ($7.59M), United Kingdom ($7.14M), Canada ($7.12M), and Netherlands ($6.02M).

In 2022, the top importers of Microbial vegetable oils, refined or unrefined, not chemically modified were China ($15.8M), United States ($12.1M), Netherlands ($11.2M), Tanzania ($8.02M), and Italy ($6.98M).

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Exporters of Microbial vegetable oils, refined or unrefined, not chemically modified (2022)
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Importers of Microbial vegetable oils, refined or unrefined, not chemically modified (2022)
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Market Dynamics

Color
Top Origin Growth (2014 -  2022)China$16.5M
Top Destination Growth (2014 -  2022)China$15.8M

Between 2014 and 2022, the exports of Microbial vegetable oils, refined or unrefined, not chemically modified grew the fastest in China ($16.5M), New Zealand ($7.59M), United Kingdom ($7.14M), Canada ($7.12M), and Netherlands ($6.02M).

Between 2014 and 2022, the fastest growing importers of Microbial vegetable oils, refined or unrefined, not chemically modified were China ($15.8M), United States ($12.1M), Netherlands ($11.2M), Tanzania ($8.02M), and Italy ($6.98M).

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Exporters of Microbial vegetable oils, refined or unrefined, not chemically modified (2014 - 2022)

Importers of Microbial vegetable oils, refined or unrefined, not chemically modified (2014 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Microbial vegetable oils, refined or unrefined, not chemically modified.

In 2022, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Microbial vegetable oils, refined or unrefined, not chemically modified are explained by 16 countries.

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Value of Exports in Microbial vegetable oils, refined or unrefined, not chemically modified

Net Trade

TOP NET EXPORTER (2022)New Zealand$7.38M
TOP NET IMPORTER (2022)United States$8.11M

This map shows which countries export or import more of Microbial vegetable oils, refined or unrefined, not chemically modified. Each country is colored based on the difference in exports and imports of Microbial vegetable oils, refined or unrefined, not chemically modified during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Microbial vegetable oils, refined or unrefined, not chemically modified were New Zealand ($7.38M), United Kingdom ($6.17M), United Arab Emirates ($3.64M), Malaysia ($3.47M), and Canada ($3.43M).

In 2022, the countries that had a largest trade value in imports than in exports of Microbial vegetable oils, refined or unrefined, not chemically modified were United States ($8.11M), Tanzania ($8.02M), Italy ($5.69M), Netherlands ($5.15M), and Belgium ($1.95M).

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 Microbial vegetable oils, refined or unrefined, not chemically modified.
It is possible to select the main countries that export or import Microbial vegetable oils, refined or unrefined, not chemically modified in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Microbial vegetable oils, refined or unrefined, not chemically modified 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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