Seed OilsSun-flower seed, safflower or cotton-seed oil and their fractions; whether or not refined, but not chemically modified
1512 (Harmonized System 1992 for 4-digit)
2021 World Trade: $16.8B, Rnk 245 / 1217
2021 Top Exporter | Top Importer: $6.34B | $2.39B, Ukraine | India
2021 Product Complexity: -1.01, Rnk 837 / 1024
2020 - 2021 Export Growth (CAGR): 23.2%, Rnk 525 / 1217
2018 Mean Tariff: 12.8%, Rnk 274 / 1259
2021 Share of World Trade: 0.0008%, Rnk 245 / 1217
Overview This page contains the latest trade data of Seed Oils. In 2021, Seed Oils were the world's 245th most traded product, with a total trade of $16.8B. Between 2020 and 2021 the exports of Seed Oils grew by 23.2%, from $13.7B to $16.8B. Trade in Seed Oils represent 0.0008% of total world trade.
Seed Oils are a part of Animal or vegetable fats, oils, & waxes. They include Sunflower-seed or safflower oil, crude, Sunflower or safflower oil,fractions simply refined, Cotton-seed or fractions simply refined, and Cotton-seed oil crude.
Exports In 2021 the top exporters of Seed Oils were Ukraine ($6.34B), Russia ($3.09B), Turkey ($942M), Netherlands ($804M), and Bulgaria ($725M).
Imports In 2021 the top importers of Seed Oils were India ($2.39B), China ($1.34B), Turkey ($1.27B), Netherlands ($996M), and Spain ($773M).
Tariffs In 2018 the average tariff for Seed Oils was 12.8%, making it the 274th lowest tariff using the HS4 product classification.
Ranking Seed Oils ranks 837th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Seed 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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Seed Oils are the world's 245th most traded product.
In 2021, the top exporters of Seed Oils were Ukraine ($6.34B), Russia ($3.09B), Turkey ($942M), Netherlands ($804M), and Bulgaria ($725M).
In 2021, the top importers of Seed Oils were India ($2.39B), China ($1.34B), Turkey ($1.27B), Netherlands ($996M), and Spain ($773M).
Trade by country
Between 2020 and 2021, the exports of Seed Oils grew the fastest in Ukraine ($1.01B), Russia ($615M), Bulgaria ($277M), Hungary ($215M), and Turkey ($195M).
Between 2020 and 2021, the fastest growing importers of Seed Oils were Turkey ($647M), India ($476M), Spain ($274M), Netherlands ($204M), and Italy ($199M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Seed Oils.
In 2021, market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Seed Oils are explained by 11 countries.
This map shows which countries export or import more of Seed Oils. Each country is colored based on the difference in exports and imports of Seed Oils during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Seed Oils were Ukraine ($6.31B), Russia ($3.09B), Bulgaria ($679M), Hungary ($632M), and Argentina ($487M).
In 2021, the countries that had a largest trade value in imports than in exports of Seed Oils were India ($2.38B), China ($1.33B), Italy ($642M), Germany ($461M), and Iraq ($458M).
In 2021, the world most traded Seed Oils, disaggragated by their HS6 level were Sunflower-seed or safflower oil, crude ($11.2B), Sunflower or safflower oil,fractions simply refined ($5.46B), Cotton-seed or fractions simply refined ($135M), and Cotton-seed oil crude ($17.4M)
This visualization shows the countries that have an important ratio of their trade related to Seed Oils. It is possible to select the main countries that export or import Seed Oils 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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