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151590 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.93BRnk 1173 / 4648
2022
Top Exporter | Top Importer $304M | $510MUnited States | United States
2022
Product Complexity -1.14Rnk 3973 / 4653
2021 - 2022
Export Growth (CAGR) 3.8%Rnk 2404 / 4648
2022
Share of World Trade 0.012%Rnk 1173 / 4648

About

Overview This page contains the latest trade data of Veg fats, oils nes, fractions, not chemically modified. In 2022, Veg fats, oils nes, fractions, not chemically modified were the world's 1173rd most traded product, with a total trade of $2.93B. Between 2021 and 2022 the exports of Veg fats, oils nes, fractions, not chemically modified grew by 3.8%, from $2.82B to $2.93B. Trade in Veg fats, oils nes, fractions, not chemically modified represent 0.012% of total world trade.

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

Exports In 2022 the top exporters of Veg fats, oils nes, fractions, not chemically modified  were United States ($304M), Spain ($246M), Mexico ($243M), Italy ($177M), and Bangladesh ($164M).

Imports In 2022 the top importers of Veg fats, oils nes, fractions, not chemically modified were United States ($510M), France ($188M), India ($175M), Italy ($157M), and Japan ($142M).

Ranking Veg fats, oils nes, fractions, not chemically modified ranks 3973rd in the Product Complexity Index (PCI).

Description -

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 (2022)United States$304M
Top Destination (2022)United States$510M

In 2022 Veg fats, oils nes, fractions, not chemically modified were the world's 1173rd most traded product (out of 4,648).

In 2022, the top exporters of Veg fats, oils nes, fractions, not chemically modified were United States ($304M), Spain ($246M), Mexico ($243M), Italy ($177M), and Bangladesh ($164M).

In 2022, the top importers of Veg fats, oils nes, fractions, not chemically modified were United States ($510M), France ($188M), India ($175M), Italy ($157M), and Japan ($142M).

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Exporters of Veg fats, oils nes, fractions, not chemically modified (2022)
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Importers of Veg fats, oils nes, fractions, not chemically modified (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Vietnam$56.1M
Top Destination Decrease (2021 -  2022)Netherlands-$58.5M

Between 2021 and 2022, the exports of Veg fats, oils nes, fractions, not chemically modified grew the fastest in Vietnam ($56.1M), Spain ($39.9M), Thailand ($29.1M), Portugal ($26.8M), and Italy ($26.5M).

Between 2021 and 2022, the fastest declining importers of Veg fats, oils nes, fractions, not chemically modified were Netherlands (-$58.5M), Germany (-$44.3M), India (-$25.4M), Russia (-$23.9M), and China (-$11.8M).

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Exporters of Veg fats, oils nes, fractions, not chemically modified (2021 - 2022)

Importers of Veg fats, oils nes, fractions, not chemically modified (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.96. 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 (2022)Mexico$208M
TOP NET IMPORTER (2022)United States$206M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Veg fats, oils nes, fractions, not chemically modified were Mexico ($208M), Bangladesh ($163M), Spain ($136M), Ghana ($106M), and Denmark ($96.9M).

In 2022, 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 ($206M), Japan ($135M), South Korea ($106M), India ($87.6M), and France ($77M).

Net Trade (2022)

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 (2022)

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