HS Icon Other Oily Seeds

1207 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.13B, Rnk 491 / 1225

Top Exporter (2018): $691M, Sudan

Top Importer (2018): $1.01B, China

Product Complexity (2018): -2.23, Rnk 1007 / 1018

Export Growth (CAGR)(2017 - 2018): 24.4%, Rnk 241 / 1225

Mean Tariff (2018): 9.22%, Rnk 465 / 1259

Share of World Trade (2018): 0.028%, Rnk 491 / 1225

Overview:  This page contains the latest trade data of Other Oily Seeds. In 2018, Other Oily Seeds were the world's 491st most traded product, with a total trade of $5.13B. Between 2017 and 2018 the exports of Other Oily Seeds grew by 24.4%, from  $4.13B to $5.13B. Trade in Other Oily Seeds represent 0.028% of total world trade.

Exports: In 2018 the top exporters of Other Oily Seeds  were Sudan ($691M), India ($571M), Ethiopia ($363M), China ($339M), and Nigeria ($262M).

Imports: In 2018 the top importers of Other Oily Seeds were China ($1.01B), United States ($292M), Japan ($252M), India ($227M), and Germany ($222M).

Tariffs: In 2018 the average tariff for Other Oily Seeds was 9.22%, been the 465 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Oily Seeds are Austria (86.5%), South Korea (50.1%), Venezuela (38.2%), Iran (36%), and Bahamas (31.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Maldives (0%).

Ranking: Other Oily Seeds ranks 1007th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Sudan, $691M

Top Destination (2018): China, $1.01B

Other Oily Seeds are the world's 491st most traded product.

In 2018, the top exporters of Other Oily Seeds were Sudan ($691M), India ($571M), Ethiopia ($363M), China ($339M), and Nigeria ($262M).

In 2018, the top importers of Other Oily Seeds were China ($1.01B), United States ($292M), Japan ($252M), India ($227M), and Germany ($222M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Sudan, $233M

Top Destination Growth (2017 - 2018): China, $188M

Between 2017 and 2018, the exports of Other Oily Seeds grew the fastest in Sudan ($233M), Burkina Faso ($137M), India ($96.6M), Togo ($79.1M), and Turkey ($71.8M).

Between 2017 and 2018, the fastest growing importers of Other Oily Seeds were China ($188M), India ($118M), Denmark ($66.4M), Palestine ($64.5M), and Singapore ($53.5M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Oily Seeds.

In 2018,  market concentration measured using Shannon Entropy, was 5.07. This means that most of the exports of Other Oily Seeds are explained by 33 countries.

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TOP NET EXPORTER (2018): Sudan, $689M

TOP NET IMPORTER (2018): China, $667M

This map shows which countries export or import more of Other Oily Seeds. Each country is colored based on the difference in exports and imports of Other Oily Seeds during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Other Oily Seeds were Sudan ($689M), Ethiopia ($363M), India ($344M), Nigeria ($256M), and Burkina Faso ($181M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Oily Seeds were China ($667M), Japan ($248M), South Korea ($201M), Vietnam ($155M), and Germany ($140M).

Trade Forecasts

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This section shows forecasts for total trade for Other Oily Seeds. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Other Oily Seeds was 9.22%.  The countries with the highest tariffs for importing Other Oily Seeds were Austria (86.5%), South Korea (50.1%), Venezuela (38.2%), Iran (36%), and Bahamas (31.2%).

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Product Complexity

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Diversification Frontier

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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.