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151620 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.65BRnk 787 / 4644
2023
Top Exporter | Top Importer $1.42B | $930MIndonesia | China
2023
Product Complexity -1.51Rnk 4277 / 4656
2022 - 2023
Export Growth (CAGR) -13%Rnk 3042 / 4644
2023
Share of World Trade 0.021%Rnk 787 / 4644

About

Overview This page contains the latest trade data of Veg fats, oils or fractions hydrogenated, esterified. In 2023, Veg fats, oils or fractions hydrogenated, esterified were the world's 787th most traded product, with a total trade of $4.65B. Between 2022 and 2023 the exports of Veg fats, oils or fractions hydrogenated, esterified decreased by -13%, from $5.34B to $4.65B. Trade in Veg fats, oils or fractions hydrogenated, esterified represent 0.021% of total world trade.

Veg fats, oils or fractions hydrogenated, esterified are a part of Other Vegetable Oils.

Exports In 2023 the top exporters of Veg fats, oils or fractions hydrogenated, esterified  were Indonesia ($1.42B), Malaysia ($1.08B), Netherlands ($337M), Germany ($299M), and Sweden ($147M).

Imports In 2023 the top importers of Veg fats, oils or fractions hydrogenated, esterified were China ($930M), Malaysia ($242M), Netherlands ($191M), Germany ($177M), and South Korea ($154M).

Ranking Veg fats, oils or fractions hydrogenated, esterified ranks 4277th 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 or fractions hydrogenated, esterified. 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)Indonesia$1.42B
Top Destination (2023)China$930M

In 2023 Veg fats, oils or fractions hydrogenated, esterified were the world's 787th most traded product (out of 4,644).

In 2023, the top exporters of Veg fats, oils or fractions hydrogenated, esterified were Indonesia ($1.42B), Malaysia ($1.08B), Netherlands ($337M), Germany ($299M), and Sweden ($147M).

In 2023, the top importers of Veg fats, oils or fractions hydrogenated, esterified were China ($930M), Malaysia ($242M), Netherlands ($191M), Germany ($177M), and South Korea ($154M).

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Exporters of Veg fats, oils or fractions hydrogenated, esterified (2023)
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Importers of Veg fats, oils or fractions hydrogenated, esterified (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Belgium$22.7M
Top Destination Growth (2022 -  2023)China$128M

Between 2022 and 2023, the exports of Veg fats, oils or fractions hydrogenated, esterified grew the fastest in Belgium ($22.7M), United States ($15.3M), China ($10.4M), Mexico ($8.18M), and Canada ($4.6M).

Between 2022 and 2023, the fastest growing importers of Veg fats, oils or fractions hydrogenated, esterified were China ($128M), South Korea ($71.5M), Netherlands ($36.3M), Nigeria ($28.1M), and Ethiopia ($19.5M).

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Exporters of Veg fats, oils or fractions hydrogenated, esterified (2022 - 2023)

Importers of Veg fats, oils or fractions hydrogenated, esterified (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Veg fats, oils or fractions hydrogenated, esterified.

In 2023, market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Veg fats, oils or fractions hydrogenated, esterified are explained by 13 countries.

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Value of Exports in Veg fats, oils or fractions hydrogenated, esterified

Net Trade

TOP NET EXPORTER (2023)Indonesia$1.39B
TOP NET IMPORTER (2023)China$857M

This map shows which countries export or import more of Veg fats, oils or fractions hydrogenated, esterified. Each country is colored based on the difference in exports and imports of Veg fats, oils or fractions hydrogenated, esterified during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Veg fats, oils or fractions hydrogenated, esterified were Indonesia ($1.39B), Malaysia ($835M), Netherlands ($146M), Sweden ($139M), and Germany ($121M).

In 2023, the countries that had a largest trade value in imports than in exports of Veg fats, oils or fractions hydrogenated, esterified were China ($857M), South Korea ($154M), Algeria ($111M), Poland ($105M), and Denmark ($98M).

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 or fractions hydrogenated, esterified.
It is possible to select the main countries that export or import Veg fats, oils or fractions hydrogenated, esterified in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Veg fats, oils or fractions hydrogenated, esterified 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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