HS Icon Soya-bean oil crude, whether or not degummed

150710 (Harmonized System 1992 for 6-digit)

World Trade (2018): $7.07B, Rnk 457 / 4726

Top Exporter (2018): $2.85B, Argentina

Top Importer (2018): $2.27B, India

Export Growth (CAGR)(2017 - 2018): -7.69%, Rnk 4242 / 4726

Mean Tariff (2018): 10.9%, Rnk 2012 / 6538

Share of World Trade (2018): 0.038%, Rnk 457 / 4726

Overview:  This page contains the latest trade data of Soya-bean oil crude, whether or not degummed. In 2018, Soya-bean oil crude, whether or not degummed were the world's 457th most traded product, with a total trade of $7.07B. Between 2017 and 2018 the exports of Soya-bean oil crude, whether or not degummed decreased by -7.69%, from  $7.66B to $7.07B. Trade in Soya-bean oil crude, whether or not degummed represent 0.038% of total world trade.

Exports: In 2018 the top exporters of Soya-bean oil crude, whether or not degummed  were Argentina ($2.85B), Brazil ($960M), United States ($665M), Paraguay ($470M), and Russia ($343M).

Imports: In 2018 the top importers of Soya-bean oil crude, whether or not degummed were India ($2.27B), Bangladesh ($652M), Algeria ($488M), China ($466M), and Morocco ($372M).

Tariffs: In 2018 the average tariff for Soya-bean oil crude, whether or not degummed was 10.9%, been the 2012 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Soya-bean oil crude, whether or not degummed are Barbados (149%), Thailand (142%), Jamaica (40%), Venezuela (38.5%), and Belize (38.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Argentina, $2.85B

Top Destination (2018): India, $2.27B

Soya-bean oil crude, whether or not degummed are the world's 457th most traded product.

In 2018, the top exporters of Soya-bean oil crude, whether or not degummed were Argentina ($2.85B), Brazil ($960M), United States ($665M), Paraguay ($470M), and Russia ($343M).

In 2018, the top importers of Soya-bean oil crude, whether or not degummed were India ($2.27B), Bangladesh ($652M), Algeria ($488M), China ($466M), and Morocco ($372M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $73.2M

Top Destination Growth (2017 - 2018): Venezuela, $63.6M

Between 2017 and 2018, the exports of Soya-bean oil crude, whether or not degummed grew the fastest in Netherlands ($73.2M), Switzerland ($61.1M), Brazil ($32.2M), Belarus ($30.8M), and United States ($27.6M).

Between 2017 and 2018, the fastest growing importers of Soya-bean oil crude, whether or not degummed were Venezuela ($63.6M), Zimbabwe ($39.8M), Bangladesh ($35.8M), France ($31.4M), and Argentina ($30.9M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Soya-bean oil crude, whether or not degummed.

In 2018,  market concentration measured using Shannon Entropy, was 3.29. This means that most of the exports of Soya-bean oil crude, whether or not degummed are explained by 9 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Argentina, $2.8B

TOP NET IMPORTER (2018): India, $2.27B

This map shows which countries export or import more of Soya-bean oil crude, whether or not degummed. Each country is colored based on the difference in exports and imports of Soya-bean oil crude, whether or not degummed during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Soya-bean oil crude, whether or not degummed were Argentina ($2.8B), Brazil ($934M), United States ($644M), Paraguay ($470M), and Russia ($320M).

In 2018, the countries that had a largest trade value in imports than in exports of Soya-bean oil crude, whether or not degummed were India ($2.27B), China ($435M), Morocco ($372M), South Korea ($229M), and Colombia ($222M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Soya-bean oil crude, whether or not degummed. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Soya-bean oil crude, whether or not degummed was 10.9%.  The countries with the highest tariffs for importing Soya-bean oil crude, whether or not degummed were Barbados (149%), Thailand (142%), Jamaica (40%), Venezuela (38.5%), and Belize (38.2%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.