Veg fats, oils or fractions hydrogenated, esterified151620 (Harmonized System 1992 for 6-digit)
2021 World Trade: $4.88B, Rnk 735 / 4641
2021 Top Exporter | Top Importer: $1.63B | $459M, Malaysia | Netherlands
2021 Product Complexity: -1.64, Rnk 4359 / 4648
2020 - 2021 Export Growth (CAGR): 57.6%, Rnk 343 / 4641
2018 Mean Tariff: 12.2%, Rnk 1698 / 6538
2021 Share of World Trade: 0.00023%, Rnk 735 / 4641
Overview This page contains the latest trade data of Veg fats, oils or fractions hydrogenated, esterified. In 2021, Veg fats, oils or fractions hydrogenated, esterified were the world's 735th most traded product, with a total trade of $4.88B. Between 2020 and 2021 the exports of Veg fats, oils or fractions hydrogenated, esterified grew by 57.6%, from $3.1B to $4.88B. Trade in Veg fats, oils or fractions hydrogenated, esterified represent 0.00023% of total world trade.
Veg fats, oils or fractions hydrogenated, esterified are a part of Other Vegetable Oils.
Exports In 2021 the top exporters of Veg fats, oils or fractions hydrogenated, esterified were Malaysia ($1.63B), Indonesia ($908M), Netherlands ($351M), China ($314M), and Germany ($284M).
Imports In 2021 the top importers of Veg fats, oils or fractions hydrogenated, esterified were Netherlands ($459M), China ($433M), Turkey ($209M), United States ($204M), and Malaysia ($187M).
Tariffs In 2018 the average tariff for Veg fats, oils or fractions hydrogenated, esterified was 12.2%, making it the 1698th lowest tariff using the HS6 product classification.
Ranking Veg fats, oils or fractions hydrogenated, esterified ranks 4359th in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): Malaysia, $1.63B
Top Destination (2021): Netherlands, $459M
Veg fats, oils or fractions hydrogenated, esterified are the world's 735th most traded product.
In 2021, the top exporters of Veg fats, oils or fractions hydrogenated, esterified were Malaysia ($1.63B), Indonesia ($908M), Netherlands ($351M), China ($314M), and Germany ($284M).
In 2021, the top importers of Veg fats, oils or fractions hydrogenated, esterified were Netherlands ($459M), China ($433M), Turkey ($209M), United States ($204M), and Malaysia ($187M).
Trade by country
Between 2020 and 2021, the exports of Veg fats, oils or fractions hydrogenated, esterified grew the fastest in Malaysia ($537M), Indonesia ($509M), China ($222M), Netherlands ($106M), and Russia ($65.5M).
Between 2020 and 2021, the fastest growing importers of Veg fats, oils or fractions hydrogenated, esterified were China ($262M), Netherlands ($210M), Malaysia ($125M), Belgium ($89.9M), and South Korea ($73.1M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Veg fats, oils or fractions hydrogenated, esterified.
In 2021, market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Veg fats, oils or fractions hydrogenated, esterified are explained by 13 countries.
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Veg fats, oils or fractions hydrogenated, esterified were Malaysia ($1.44B), Indonesia ($884M), Sweden ($102M), Germany ($100M), and Spain ($49.6M).
In 2021, the countries that had a largest trade value in imports than in exports of Veg fats, oils or fractions hydrogenated, esterified were Turkey ($195M), Italy ($171M), Algeria ($121M), China ($119M), and United States ($115M).
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.
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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