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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)

2022
World Trade $6.54BRnk 491 / 1218
2022
Top Exporter | Top Importer $1.28B | $868MIndia | United States
2022
Product Complexity -1.09Rnk 867 / 1033
2021 - 2022
Export Growth (CAGR) 11.4%Rnk 374 / 1218
2022
Share of World Trade 0.028%Rnk 491 / 1218

About

Overview This page contains the latest trade data of Other Pure Vegetable Oils. In 2022, Other Pure Vegetable Oils were the world's 491st most traded product, with a total trade of $6.54B. Between 2021 and 2022 the exports of Other Pure Vegetable Oils grew by 11.4%, from $5.87B to $6.54B. Trade in Other Pure Vegetable Oils represent 0.028% 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 Microbial vegetable oils, refined or unrefined, not chemically modified.

Exports In 2022 the top exporters of Other Pure Vegetable Oils  were India ($1.28B), United States ($905M), Mexico ($308M), Belgium ($303M), and Spain ($287M).

Imports In 2022 the top importers of Other Pure Vegetable Oils were United States ($868M), China ($620M), Kuwait ($416M), Netherlands ($393M), and France ($366M).

Ranking Other Pure Vegetable Oils ranks 867th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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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.

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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)India$1.28B
Top Destination (2022)United States$868M

In 2022 Other Pure Vegetable Oils were the world's 491st most traded product (out of 1,218).

In 2022, the top exporters of Other Pure Vegetable Oils were India ($1.28B), United States ($905M), Mexico ($308M), Belgium ($303M), and Spain ($287M).

In 2022, the top importers of Other Pure Vegetable Oils were United States ($868M), China ($620M), Kuwait ($416M), Netherlands ($393M), and France ($366M).

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Exporters of Other Pure Vegetable Oils (2022)
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Importers of Other Pure Vegetable Oils (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$209M
Top Destination Growth (2021 -  2022)Kuwait$274M

Between 2021 and 2022, the exports of Other Pure Vegetable Oils grew the fastest in United States ($209M), Belgium ($72.4M), India ($65M), Vietnam ($55.6M), and Spain ($52.7M).

Between 2021 and 2022, the fastest growing importers of Other Pure Vegetable Oils were Kuwait ($274M), United States ($91.6M), Italy ($74M), Singapore ($65.9M), and France ($62.7M).

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Exporters of Other Pure Vegetable Oils (2021 - 2022)

Importers of Other Pure Vegetable Oils (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.75. This means that most of the exports of Other Pure Vegetable Oils are explained by 26 countries.

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Value of Exports in Other Pure Vegetable Oils

Net Trade

TOP NET EXPORTER (2022)India$1.1B
TOP NET IMPORTER (2022)Kuwait$416M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Other Pure Vegetable Oils were India ($1.1B), Mexico ($236M), Belgium ($205M), Bangladesh ($167M), and Spain ($131M).

In 2022, the countries that had a largest trade value in imports than in exports of Other Pure Vegetable Oils were Kuwait ($416M), China ($403M), Netherlands ($195M), Germany ($171M), and France ($139M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Other Pure Vegetable Oils, disaggragated by their HS6 level were Veg fats, oils nes, fractions, not... ($2.93B), Castor oil or fractions not chemically... ($1.34B), Maize oil crude ($745M), Maize oil, fractions, refined not chemically... ($666M), and Sesame oil or fractions not chemically... ($371M)

HS6 Disaggregation for Other Pure Vegetable Oils (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 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.

Top 10 Exporters Countries of Other Pure Vegetable Oils by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $84.2M
TOP IMPORT POTENTIALChina+ $4.18M

Other Pure Vegetable Oils’s highest export potential is China. With an export gap of $84.2M.  Other Pure Vegetable Oils’s highest import potential is China with an import gap of $4.18M.

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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 Other Pure Vegetable Oils.

Country by Relatedness

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.

Relative Relatedness by Country (2022)

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