HS Icon Rapeseed Oil

1514 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Rapeseed Oil. In 2020, Rapeseed Oil were the world's 370th most traded product, with a total trade of $7.91B. Between 2019 and 2020 the exports of Rapeseed Oil grew by 16.8%, from $6.77B to $7.91B. Trade in Rapeseed Oil represent 0.047% of total world trade.

Rapeseed Oil are a part of Animal or vegetable fats, oils, & waxes. They include Canola, rape, colza or mustard oil, crude and Canola, rape, colza or mustard oil, fractions, refine.

Exports In 2020 the top exporters of Rapeseed Oil  were Canada ($2.83B), Germany ($1.03B), Russia ($602M), Belgium ($458M), and France ($370M).

Imports In 2020 the top importers of Rapeseed Oil were China ($1.66B), United States ($1.58B), Netherlands ($988M), Norway ($431M), and Germany ($369M).

Tariffs In 2018 the average tariff for Rapeseed Oil was 11.9%, making it the 309th lowest tariff using the HS4 product classification.

Ranking Rapeseed Oil ranks 416th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

The following visualization shows the latest trends on Rapeseed Oil. 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 (2020): Canada, $2.83B

Top Destination (2020): China, $1.66B

Rapeseed Oil are the world's 370th most traded product.

In 2020, the top exporters of Rapeseed Oil were Canada ($2.83B), Germany ($1.03B), Russia ($602M), Belgium ($458M), and France ($370M).

In 2020, the top importers of Rapeseed Oil were China ($1.66B), United States ($1.58B), Netherlands ($988M), Norway ($431M), and Germany ($369M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Germany, $245M

Top Destination Growth (2019 - 2020): China, $520M

Between 2019 and 2020, the exports of Rapeseed Oil grew the fastest in Germany ($245M), Canada ($228M), France ($163M), Belgium ($135M), and United Arab Emirates ($103M).

Between 2019 and 2020, the fastest growing importers of Rapeseed Oil were China ($520M), Netherlands ($250M), Norway ($98.1M), United Kingdom ($77.1M), and Mexico ($48.4M).

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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 Rapeseed Oil.

In 2020,  market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Rapeseed Oil are explained by 12 countries.

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TOP NET EXPORTER (2020): Canada, $2.8B

TOP NET IMPORTER (2020): China, $1.65B

This map shows which countries export or import more of Rapeseed Oil. Each country is colored based on the difference in exports and imports of Rapeseed Oil during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Rapeseed Oil were Canada ($2.8B), Germany ($659M), Russia ($495M), United Arab Emirates ($346M), and France ($244M).

In 2020, the countries that had a largest trade value in imports than in exports of Rapeseed Oil were China ($1.65B), United States ($1.47B), Netherlands ($678M), Norway ($426M), and Sweden ($191M).

Disaggregation

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Value

In 2020, the world most traded Rapeseed Oil, disaggragated by their HS6 level were Canola, rape, colza or mustard oil,... ($4.2B) and Canola, rape, colza or mustard oil,... ($3.71B)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Rapeseed Oil.
It is possible to select the main countries that export or import Rapeseed Oil 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 Rapeseed Oil to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.