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151411 (Harmonized System 2002 for 6-digit)

2023
World Trade $7.06BRnk 517 / 4940
2023
Top Exporter | Top Importer $1.58B | $2.51BRussia | China
2023
Product Complexity 0.13Rnk 2476 / 4951
2022 - 2023
Export Growth (CAGR) 1.87%Rnk 1448 / 4940
2023
Share of World Trade 0.031%Rnk 517 / 4940

About

Overview This page contains the latest trade data of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude. In 2023, Vegetable oils: low erucic acid rape or colza oil and its fractions, crude were the world's 517th most traded product, with a total trade of $7.06B. Between 2022 and 2023 the exports of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude grew by 1.87%, from $6.93B to $7.06B. Trade in Vegetable oils: low erucic acid rape or colza oil and its fractions, crude represent 0.031% of total world trade.

Vegetable oils: low erucic acid rape or colza oil and its fractions, crude are a part of Rape, colza or mustard oil and their fractions; whether or not refined,....

Exports In 2023 the top exporters of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude  were Russia ($1.58B), Canada ($1.51B), Germany ($606M), France ($550M), and Belarus ($491M).

Imports In 2023 the top importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude were China ($2.51B), United States ($1.3B), Netherlands ($572M), Norway ($433M), and Belgium ($326M).

Ranking Vegetable oils: low erucic acid rape or colza oil and its fractions, crude ranks 2476th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Vegetable oils: low erucic acid rape or colza oil and its fractions, crude. 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)Russia$1.58B
Top Destination (2023)China$2.51B

In 2023 Vegetable oils: low erucic acid rape or colza oil and its fractions, crude were the world's 517th most traded product (out of 4,940).

In 2023, the top exporters of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude were Russia ($1.58B), Canada ($1.51B), Germany ($606M), France ($550M), and Belarus ($491M).

In 2023, the top importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude were China ($2.51B), United States ($1.3B), Netherlands ($572M), Norway ($433M), and Belgium ($326M).

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Exporters of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude (2023)
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Importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$351M
Top Destination Growth (2022 -  2023)China$989M

Between 2022 and 2023, the exports of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude grew the fastest in Russia ($351M), Ukraine ($262M), Netherlands ($77.3M), Belgium ($65M), and Poland ($43.5M).

Between 2022 and 2023, the fastest growing importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude were China ($989M), United States ($485M), United Kingdom ($55.6M), Hong Kong ($36M), and Romania ($30.2M).

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Exporters of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude (2022 - 2023)

Importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude.

In 2023, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude are explained by 12 countries.

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Value of Exports in Vegetable oils: low erucic acid rape or colza oil and its fractions, crude

Net Trade

TOP NET EXPORTER (2023)Russia$1.58B
TOP NET IMPORTER (2023)China$2.51B

This map shows which countries export or import more of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude. Each country is colored based on the difference in exports and imports of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude were Russia ($1.58B), Canada ($1.5B), France ($515M), Belarus ($491M), and United Arab Emirates ($378M).

In 2023, the countries that had a largest trade value in imports than in exports of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude were China ($2.51B), United States ($1.28B), Norway ($433M), Netherlands ($308M), and Sweden ($146M).

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 Vegetable oils: low erucic acid rape or colza oil and its fractions, crude.
It is possible to select the main countries that export or import Vegetable oils: low erucic acid rape or colza oil and its fractions, crude in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Vegetable oils: low erucic acid rape or colza oil and its fractions, crude 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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