150790 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Refined soya-bean oil, not chemically modified. In 2023, Refined soya-bean oil, not chemically modified were the world's 1083rd most traded product, with a total trade of $3.14B. Between 2022 and 2023 the exports of Refined soya-bean oil, not chemically modified decreased by -18.3%, from $3.84B to $3.14B. Trade in Refined soya-bean oil, not chemically modified represent 0.014% of total world trade.

Refined soya-bean oil, not chemically modified are a part of Soybean Oil.

Exports In 2023 the top exporters of Refined soya-bean oil, not chemically modified  were Argentina ($685M), Netherlands ($353M), Brazil ($269M), Malaysia ($231M), and Thailand ($193M).

Imports In 2023 the top importers of Refined soya-bean oil, not chemically modified were Canada ($276M), Chile ($219M), United States ($210M), Mauritania ($179M), and Venezuela ($150M).

Ranking Refined soya-bean oil, not chemically modified ranks 4151st in the Product Complexity Index (PCI).

Latest Data

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The following visualization shows the latest trends on Refined soya-bean oil, not chemically modified. 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)Argentina$685M
Top Destination (2023)Canada$276M

In 2023 Refined soya-bean oil, not chemically modified were the world's 1083rd most traded product (out of 4,644).

In 2023, the top exporters of Refined soya-bean oil, not chemically modified were Argentina ($685M), Netherlands ($353M), Brazil ($269M), Malaysia ($231M), and Thailand ($193M).

In 2023, the top importers of Refined soya-bean oil, not chemically modified were Canada ($276M), Chile ($219M), United States ($210M), Mauritania ($179M), and Venezuela ($150M).

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Exporters of Refined soya-bean oil, not chemically modified (2023)
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Importers of Refined soya-bean oil, not chemically modified (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Argentina$177M
Top Destination Growth (2022 -  2023)Canada$84.4M

Between 2022 and 2023, the exports of Refined soya-bean oil, not chemically modified grew the fastest in Argentina ($177M), Thailand ($19.4M), China ($13.3M), Zambia ($9.69M), and Mexico ($9.65M).

Between 2022 and 2023, the fastest growing importers of Refined soya-bean oil, not chemically modified were Canada ($84.4M), Spain ($78.6M), Guatemala ($47.8M), South Korea ($47.2M), and Mauritania ($45M).

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Exporters of Refined soya-bean oil, not chemically modified (2022 - 2023)

Importers of Refined soya-bean oil, not chemically modified (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Refined soya-bean oil, not chemically modified.

In 2023, market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Refined soya-bean oil, not chemically modified are explained by 19 countries.

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Value of Exports in Refined soya-bean oil, not chemically modified

Net Trade

TOP NET EXPORTER (2023)Argentina$685M
TOP NET IMPORTER (2023)Chile$219M

This map shows which countries export or import more of Refined soya-bean oil, not chemically modified. Each country is colored based on the difference in exports and imports of Refined soya-bean oil, not chemically modified during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Refined soya-bean oil, not chemically modified were Argentina ($685M), Netherlands ($332M), Brazil ($260M), Malaysia ($210M), and Thailand ($193M).

In 2023, the countries that had a largest trade value in imports than in exports of Refined soya-bean oil, not chemically modified were Chile ($219M), Peru ($128M), South Korea ($116M), Spain ($116M), and United Kingdom ($114M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Refined soya-bean oil, not chemically modified.
It is possible to select the main countries that export or import Refined soya-bean oil, not chemically modified in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Refined soya-bean oil, not chemically modified by percentage of total exports

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)

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