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151419 (Harmonized System 2002 for 6-digit)

2023
World Trade $6.21BRnk 584 / 4940
2023
Top Exporter | Top Importer $3.55B | $3.44BCanada | United States
2023
Product Complexity 0.67Rnk 1428 / 4951
2022 - 2023
Export Growth (CAGR) 4.06%Rnk 1200 / 4940
2023
Share of World Trade 0.027%Rnk 584 / 4940

About

Overview This page contains the latest trade data of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified. In 2023, Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified were the world's 584th most traded product, with a total trade of $6.21B. Between 2022 and 2023 the exports of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified grew by 4.06%, from $5.97B to $6.21B. Trade in Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified represent 0.027% of total world trade.

Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified 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, other than crude, but not chemically modified  were Canada ($3.55B), Germany ($753M), Belgium ($331M), Czechia ($207M), and Netherlands ($201M).

Imports In 2023 the top importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified were United States ($3.44B), Netherlands ($474M), Germany ($286M), Mexico ($200M), and Belgium ($181M).

Ranking Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ranks 1428th 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, other than crude, but 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 (2023)Canada$3.55B
Top Destination (2023)United States$3.44B

In 2023 Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified were the world's 584th 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, other than crude, but not chemically modified were Canada ($3.55B), Germany ($753M), Belgium ($331M), Czechia ($207M), and Netherlands ($201M).

In 2023, the top importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified were United States ($3.44B), Netherlands ($474M), Germany ($286M), Mexico ($200M), and Belgium ($181M).

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Exporters of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (2023)
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Importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Canada$344M
Top Destination Growth (2022 -  2023)United States$353M

Between 2022 and 2023, the exports of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified grew the fastest in Canada ($344M), Czechia ($42.1M), France ($39.8M), Hungary ($28.9M), and Slovakia ($28.2M).

Between 2022 and 2023, the fastest growing importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified were United States ($353M), Germany ($114M), China ($31.3M), Hungary ($30.9M), and Denmark ($28M).

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Exporters of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (2022 - 2023)

Importers of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (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, other than crude, but not chemically modified.

In 2023, market concentration measured using Shannon Entropy, was 2.66. This means that most of the exports of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified are explained by 6 countries.

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Value of Exports in Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified

Net Trade

TOP NET EXPORTER (2023)Canada$3.52B
TOP NET IMPORTER (2023)United States$3.35B

This map shows which countries export or import more of Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified. 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, other than crude, but not chemically modified 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, other than crude, but not chemically modified were Canada ($3.52B), Germany ($467M), Czechia ($172M), Belgium ($150M), and Australia ($104M).

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, other than crude, but not chemically modified were United States ($3.35B), Netherlands ($273M), Mexico ($189M), Israel ($99.8M), and China ($88.9M).

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, other than crude, but not chemically modified.
It is possible to select the main countries that export or import Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified 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, other than crude, but 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 (2023)

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