Overview: In 2018, Seed Oils were the world's 310th most traded product, with a total trade of $10.6B. Between 2017 and 2018 the exports of Seed Oils grew by 2.51%, from $10.4B to $10.6B. Trade in Seed Oils represent 0.058% of total world trade.
Exports: In 2018 the top exporters of Seed Oils were Ukraine ($4.12B), Russia ($1.6B), Argentina ($560M), Netherlands ($558M), and Hungary ($512M).
Imports: In 2018 the top importers of Seed Oils were India ($1.86B), Netherlands ($587M), China ($531M), Italy ($467M), and Belgium-Luxembourg ($412M).
Tariffs: In 2018 the average tariff for Seed Oils was 13%, been the 274 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Seed Oils are Turkmenistan (46%), Jamaica (40%), Venezuela (38.5%), Trinidad and Tobago (37.8%), and Barbados (37%). The countries with the lowest tariffs are Egypt (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Pakistan (0%).
Ranking: Seed Oils ranks 838th in the Product Complexity Index (PCI).