Rapeseed Oil1514 (Harmonized System 1992 for 4-digit)
2020 World Trade: $7.91B, Rnk 370 / 1217
2020 Top Exporter | Top Importer: $2.83B | $1.66B, Canada | China
2020 Product Complexity: 0.37, Rnk 416 / 1028
2019 - 2020 Export Growth (CAGR): 16.8%, Rnk 67 / 1217
2018 Mean Tariff: 11.9%, Rnk 309 / 1259
2020 Share of World Trade: 0.047%, Rnk 370 / 1217
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).
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.
Trade By Country
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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.
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