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151620 (Harmonized System 1992 for 6-digit)

2022
World Trade $5.93BRnk 657 / 4648
2022
Top Exporter | Top Importer $1.66B | $781MMalaysia | China
2022
Product Complexity -1.61Rnk 4357 / 4653
2021 - 2022
Export Growth (CAGR) 13.2%Rnk 1289 / 4648
2022
Share of World Trade 0.025%Rnk 657 / 4648

About

Overview This page contains the latest trade data of Veg fats, oils or fractions hydrogenated, esterified. In 2022, Veg fats, oils or fractions hydrogenated, esterified were the world's 657th most traded product, with a total trade of $5.93B. Between 2021 and 2022 the exports of Veg fats, oils or fractions hydrogenated, esterified grew by 13.2%, from $5.23B to $5.93B. Trade in Veg fats, oils or fractions hydrogenated, esterified represent 0.025% of total world trade.

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

Exports In 2022 the top exporters of Veg fats, oils or fractions hydrogenated, esterified  were Malaysia ($1.66B), Indonesia ($1.52B), Netherlands ($398M), Germany ($336M), and China ($307M).

Imports In 2022 the top importers of Veg fats, oils or fractions hydrogenated, esterified were China ($781M), Netherlands ($456M), Malaysia ($268M), United States ($234M), and Germany ($209M).

Ranking Veg fats, oils or fractions hydrogenated, esterified ranks 4357th 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 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 (2022)Malaysia$1.66B
Top Destination (2022)China$781M

In 2022 Veg fats, oils or fractions hydrogenated, esterified were the world's 657th most traded product (out of 4,648).

In 2022, the top exporters of Veg fats, oils or fractions hydrogenated, esterified were Malaysia ($1.66B), Indonesia ($1.52B), Netherlands ($398M), Germany ($336M), and China ($307M).

In 2022, the top importers of Veg fats, oils or fractions hydrogenated, esterified were China ($781M), Netherlands ($456M), Malaysia ($268M), United States ($234M), and Germany ($209M).

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Exporters of Veg fats, oils or fractions hydrogenated, esterified (2022)
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Importers of Veg fats, oils or fractions hydrogenated, esterified (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$372M
Top Destination Growth (2021 -  2022)China$348M

Between 2021 and 2022, the exports of Veg fats, oils or fractions hydrogenated, esterified grew the fastest in Indonesia ($372M), Germany ($51.5M), Netherlands ($46M), United Arab Emirates ($43M), and Spain ($31.2M).

Between 2021 and 2022, the fastest growing importers of Veg fats, oils or fractions hydrogenated, esterified were China ($348M), Philippines ($50.8M), Thailand ($45.5M), France ($41M), and Japan ($34.8M).

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Exporters of Veg fats, oils or fractions hydrogenated, esterified (2021 - 2022)

Importers of Veg fats, oils or fractions hydrogenated, esterified (2021 - 2022)

Market Concentration

Value

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

In 2022, 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 (2022)Indonesia$1.49B
TOP NET IMPORTER (2022)China$473M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Veg fats, oils or fractions hydrogenated, esterified were Indonesia ($1.49B), Malaysia ($1.39B), Germany ($127M), Sweden ($95.1M), and Spain ($59M).

In 2022, the countries that had a largest trade value in imports than in exports of Veg fats, oils or fractions hydrogenated, esterified were China ($473M), Turkey ($155M), South Korea ($133M), Algeria ($123M), and United States ($120M).

Net Trade (2022)

Country Comparison

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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 (2022)

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