HS Icon Sunflower-seed or safflower oil, crude

151211 (Harmonized System 1992 for 6-digit)

World Trade (2018): $7.08B, Rnk 456 / 4726

Top Exporter (2018): $3.74B, Ukraine

Top Importer (2018): $1.86B, India

Product Complexity (2018): -1.24, Rnk 4247 / 4873

Export Growth (CAGR)(2017 - 2018): 1.61%, Rnk 3689 / 4726

Mean Tariff (2018): 12%, Rnk 1771 / 6538

Share of World Trade (2018): 0.039%, Rnk 456 / 4726

Overview:  This page contains the latest trade data of Sunflower-seed or safflower oil, crude. In 2018, Sunflower-seed or safflower oil, crude were the world's 456th most traded product, with a total trade of $7.08B. Between 2017 and 2018 the exports of Sunflower-seed or safflower oil, crude grew by 1.61%, from  $6.97B to $7.08B. Trade in Sunflower-seed or safflower oil, crude represent 0.039% of total world trade.

Exports: In 2018 the top exporters of Sunflower-seed or safflower oil, crude  were Ukraine ($3.74B), Russia ($1.18B), Argentina ($423M), Netherlands ($350M), and Bulgaria ($246M).

Imports: In 2018 the top importers of Sunflower-seed or safflower oil, crude were India ($1.86B), China ($499M), Netherlands ($405M), Italy ($381M), and Spain ($379M).

Tariffs: In 2018 the average tariff for Sunflower-seed or safflower oil, crude was 12%, been the 1771 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sunflower-seed or safflower oil, crude are Jamaica (40%), Venezuela (38.5%), Trinidad and Tobago (37.8%), Barbados (36.7%), and Tunisia (36%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Sunflower-seed or safflower oil, crude ranks 4247th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Ukraine, $3.74B

Top Destination (2018): India, $1.86B

Sunflower-seed or safflower oil, crude are the world's 456th most traded product.

In 2018, the top exporters of Sunflower-seed or safflower oil, crude were Ukraine ($3.74B), Russia ($1.18B), Argentina ($423M), Netherlands ($350M), and Bulgaria ($246M).

In 2018, the top importers of Sunflower-seed or safflower oil, crude were India ($1.86B), China ($499M), Netherlands ($405M), Italy ($381M), and Spain ($379M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Russia, $193M

Top Destination Growth (2017 - 2018): Turkey, $184M

Between 2017 and 2018, the exports of Sunflower-seed or safflower oil, crude grew the fastest in Russia ($193M), Bulgaria ($65.9M), Netherlands ($65.8M), Romania ($52.3M), and Czechia ($19.6M).

Between 2017 and 2018, the fastest growing importers of Sunflower-seed or safflower oil, crude were Turkey ($184M), India ($165M), Iraq ($87.1M), Mexico ($84.4M), and Germany ($48.9M).

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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 Sunflower-seed or safflower oil, crude.

In 2018,  market concentration measured using Shannon Entropy, was 2.63. This means that most of the exports of Sunflower-seed or safflower oil, crude are explained by 6 countries.

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TOP NET EXPORTER (2018): Ukraine, $3.74B

TOP NET IMPORTER (2018): India, $1.86B

This map shows which countries export or import more of Sunflower-seed or safflower oil, crude. Each country is colored based on the difference in exports and imports of Sunflower-seed or safflower oil, crude during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Sunflower-seed or safflower oil, crude were Ukraine ($3.74B), Russia ($1.18B), Argentina ($423M), Bulgaria ($240M), and Hungary ($226M).

In 2018, the countries that had a largest trade value in imports than in exports of Sunflower-seed or safflower oil, crude were India ($1.86B), China ($498M), Iran ($371M), Italy ($359M), and Spain ($339M).

Trade Forecasts

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This section shows forecasts for total trade for Sunflower-seed or safflower oil, crude. 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 Sunflower-seed or safflower oil, crude was 12%.  The countries with the highest tariffs for importing Sunflower-seed or safflower oil, crude were Jamaica (40%), Venezuela (38.5%), Trinidad and Tobago (37.8%), Barbados (36.7%), and Tunisia (36%).

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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.