HS Icon Other Pure Vegetable Oils

Fixed vegetable fats and oils (including jojoba oil) and their fractions, whether or not refined; but not chemically modified

1515 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Other Pure Vegetable Oils. In 2021, Other Pure Vegetable Oils were the world's 498th most traded product, with a total trade of $5.87B. Between 2020 and 2021 the exports of Other Pure Vegetable Oils grew by 21.2%, from $4.84B to $5.87B. Trade in Other Pure Vegetable Oils represent 0.00028% of total world trade.

Other Pure Vegetable Oils are a part of Animal or vegetable fats, oils, & waxes. They include Veg fats, oils nes, fractions, not chemically modified, Castor oil or fractions not chemically modified, Maize oil, fractions, refined not chemically modified, Maize oil crude, Sesame oil or fractions not chemically modified, Linseed oil,fractions, refined not chemically modifie, Linseed oil, crude, Tung oil or fractions not chemically modified, and Jojoba oil or fractions not chemically modified.

Exports In 2021 the top exporters of Other Pure Vegetable Oils  were India ($1.21B), United States ($682M), Mexico ($284M), Spain ($234M), and Belgium ($234M).

Imports In 2021 the top importers of Other Pure Vegetable Oils were United States ($772M), China ($645M), Netherlands ($415M), Germany ($367M), and France ($300M).

Tariffs In 2018 the average tariff for Other Pure Vegetable Oils was 8.39%, making it the 512th lowest tariff using the HS4 product classification.

Ranking Other Pure Vegetable Oils ranks 800th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

The following visualization shows the latest trends on Other Pure Vegetable Oils. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): India, $1.21B

Top Destination (2021): United States, $772M

Other Pure Vegetable Oils are the world's 498th most traded product.

In 2021, the top exporters of Other Pure Vegetable Oils were India ($1.21B), United States ($682M), Mexico ($284M), Spain ($234M), and Belgium ($234M).

In 2021, the top importers of Other Pure Vegetable Oils were United States ($772M), China ($645M), Netherlands ($415M), Germany ($367M), and France ($300M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): India, $292M

Top Destination Growth (2020 -  2021): Netherlands, $130M

Between 2020 and 2021, the exports of Other Pure Vegetable Oils grew the fastest in India ($292M), Belgium ($85.7M), Bangladesh ($81.7M), United States ($67.7M), and Turkey ($58.6M).

Between 2020 and 2021, the fastest growing importers of Other Pure Vegetable Oils were Netherlands ($130M), United States ($122M), China ($112M), Germany ($91.7M), and India ($84.5M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Other Pure Vegetable Oils.

In 2021, market concentration measured using Shannon Entropy, was 4.82. This means that most of the exports of Other Pure Vegetable Oils are explained by 28 countries.

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TOP NET EXPORTER (2021): India, $1.01B

TOP NET IMPORTER (2021): China, $462M

This map shows which countries export or import more of Other Pure Vegetable Oils. Each country is colored based on the difference in exports and imports of Other Pure Vegetable Oils during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Other Pure Vegetable Oils were India ($1.01B), Mexico ($237M), Bangladesh ($195M), Belgium ($155M), and Ghana ($106M).

In 2021, the countries that had a largest trade value in imports than in exports of Other Pure Vegetable Oils were China ($462M), Netherlands ($193M), Germany ($191M), Kuwait ($129M), and France ($109M).

Disaggregation

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Value

In 2021, the world most traded Other Pure Vegetable Oils, disaggragated by their HS6 level were Veg fats, oils nes, fractions, not... ($2.81B), Castor oil or fractions not chemically... ($1.27B), Maize oil, fractions, refined not chemically... ($557M), Maize oil crude ($471M), and Sesame oil or fractions not chemically... ($373M)

Country Comparison

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Measure
Ranking

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

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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