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151590 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.93BRnk 1129 / 4644
2023
Top Exporter | Top Importer $307M | $571MMexico | United States
2023
Product Complexity -0.98Rnk 3792 / 4656
2022 - 2023
Export Growth (CAGR) -9.64%Rnk 2658 / 4644
2023
Share of World Trade 0.013%Rnk 1129 / 4644

About

Overview This page contains the latest trade data of Veg fats, oils nes, fractions, not chemically modified. In 2023, Veg fats, oils nes, fractions, not chemically modified were the world's 1129th most traded product, with a total trade of $2.93B. Between 2022 and 2023 the exports of Veg fats, oils nes, fractions, not chemically modified decreased by -9.64%, from $3.25B to $2.93B. Trade in Veg fats, oils nes, fractions, not chemically modified represent 0.013% of total world trade.

Veg fats, oils nes, fractions, not chemically modified are a part of Other Pure Vegetable Oils.

Exports In 2023 the top exporters of Veg fats, oils nes, fractions, not chemically modified  were Mexico ($307M), Spain ($263M), United States ($222M), Italy ($201M), and France ($139M).

Imports In 2023 the top importers of Veg fats, oils nes, fractions, not chemically modified were United States ($571M), France ($250M), Netherlands ($174M), Japan ($145M), and Italy ($120M).

Ranking Veg fats, oils nes, fractions, not chemically modified ranks 3792nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Veg fats, oils nes, fractions, 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)Mexico$307M
Top Destination (2023)United States$571M

In 2023 Veg fats, oils nes, fractions, not chemically modified were the world's 1129th most traded product (out of 4,644).

In 2023, the top exporters of Veg fats, oils nes, fractions, not chemically modified were Mexico ($307M), Spain ($263M), United States ($222M), Italy ($201M), and France ($139M).

In 2023, the top importers of Veg fats, oils nes, fractions, not chemically modified were United States ($571M), France ($250M), Netherlands ($174M), Japan ($145M), and Italy ($120M).

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Exporters of Veg fats, oils nes, fractions, not chemically modified (2023)
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Importers of Veg fats, oils nes, fractions, not chemically modified (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$38.7M
Top Destination Growth (2022 -  2023)United States$24.2M

Between 2022 and 2023, the exports of Veg fats, oils nes, fractions, not chemically modified grew the fastest in Mexico ($38.7M), Netherlands ($31.5M), France ($22M), Germany ($20.5M), and Djibouti ($20.4M).

Between 2022 and 2023, the fastest growing importers of Veg fats, oils nes, fractions, not chemically modified were United States ($24.2M), Ethiopia ($21.3M), Russia ($16.7M), Slovakia ($11.4M), and France ($10.9M).

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Exporters of Veg fats, oils nes, fractions, not chemically modified (2022 - 2023)

Importers of Veg fats, oils nes, fractions, not chemically modified (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Veg fats, oils nes, fractions, not chemically modified.

In 2023, market concentration measured using Shannon Entropy, was 4.97. This means that most of the exports of Veg fats, oils nes, fractions, not chemically modified are explained by 31 countries.

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Value of Exports in Veg fats, oils nes, fractions, not chemically modified

Net Trade

TOP NET EXPORTER (2023)Mexico$279M
TOP NET IMPORTER (2023)United States$349M

This map shows which countries export or import more of Veg fats, oils nes, fractions, not chemically modified. Each country is colored based on the difference in exports and imports of Veg fats, oils nes, fractions, not chemically modified during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Veg fats, oils nes, fractions, not chemically modified were Mexico ($279M), Spain ($159M), Ghana ($125M), Denmark ($120M), and Italy ($81.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Veg fats, oils nes, fractions, not chemically modified were United States ($349M), Japan ($136M), France ($111M), South Korea ($76.9M), and Sweden ($64M).

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 Veg fats, oils nes, fractions, not chemically modified.
It is possible to select the main countries that export or import Veg fats, oils nes, fractions, not chemically modified in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Veg fats, oils nes, fractions, 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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