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Pricing

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)

2023
World Trade $5.93BRnk 491 / 1217
2023
Top Exporter | Top Importer $1.17B | $929MIndia | United States
2023
Product Complexity -1.06Rnk 869 / 1044
2022 - 2023
Export Growth (CAGR) -10.7%Rnk 767 / 1217
2023
Share of World Trade 0.026%Rnk 491 / 1217

About

Overview This page contains the latest trade data of Other Pure Vegetable Oils. In 2023, Other Pure Vegetable Oils were the world's 491st most traded product, with a total trade of $5.93B. Between 2022 and 2023 the exports of Other Pure Vegetable Oils decreased by -10.7%, from $6.63B to $5.93B. Trade in Other Pure Vegetable Oils represent 0.026% 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 2023 the top exporters of Other Pure Vegetable Oils  were India ($1.17B), United States ($491M), Mexico ($396M), Spain ($292M), and Belgium ($253M).

Imports In 2023 the top importers of Other Pure Vegetable Oils were United States ($929M), China ($649M), France ($391M), Netherlands ($323M), and Germany ($321M).

Ranking Other Pure Vegetable Oils ranks 869th in the Product Complexity Index (PCI).

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 (2023)India$1.17B
Top Destination (2023)United States$929M

In 2023 Other Pure Vegetable Oils were the world's 491st most traded product (out of 1,217).

In 2023, the top exporters of Other Pure Vegetable Oils were India ($1.17B), United States ($491M), Mexico ($396M), Spain ($292M), and Belgium ($253M).

In 2023, the top importers of Other Pure Vegetable Oils were United States ($929M), China ($649M), France ($391M), Netherlands ($323M), and Germany ($321M).

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Exporters of Other Pure Vegetable Oils (2023)
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Importers of Other Pure Vegetable Oils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$52.3M
Top Destination Growth (2022 -  2023)Netherlands$24.1M

Between 2022 and 2023, the exports of Other Pure Vegetable Oils grew the fastest in Mexico ($52.3M), Brazil ($34.6M), Netherlands ($26.8M), Djibouti ($20.4M), and Germany ($17.8M).

Between 2022 and 2023, the fastest growing importers of Other Pure Vegetable Oils were Netherlands ($24.1M), Egypt ($21.6M), Ethiopia ($20.1M), Russia ($17.3M), and Norway ($15.3M).

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Exporters of Other Pure Vegetable Oils (2022 - 2023)

Importers of Other Pure Vegetable Oils (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.87. This means that most of the exports of Other Pure Vegetable Oils are explained by 29 countries.

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Value of Exports in Other Pure Vegetable Oils

Net Trade

TOP NET EXPORTER (2023)India$1.1B
TOP NET IMPORTER (2023)China$463M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Other Pure Vegetable Oils were India ($1.1B), Mexico ($337M), Belgium ($154M), Spain ($147M), and Brazil ($127M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Pure Vegetable Oils were China ($463M), United States ($438M), France ($174M), Netherlands ($138M), and Germany ($117M).

Net Trade (2023)

Disaggregation

Value

In 2023, 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... ($1.19B), Maize oil, fractions, refined not chemically... ($510M), Maize oil crude ($448M), and Sesame oil or fractions not chemically... ($393M)

HS6 Disaggregation for Other Pure Vegetable Oils (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 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 (2023)

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 (2023)

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