HS Icon Rapeseed Oil

1514 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.5B, Rnk 442 / 1225

Top Exporter (2018): $2.74B, Canada

Top Importer (2018): $1.59B, United States

Product Complexity (2018): 0.28, Rnk 448 / 1018

Export Growth (CAGR)(2017 - 2018): 0.1%, Rnk 1084 / 1225

Mean Tariff (2018): 12.2%, Rnk 306 / 1259

Share of World Trade (2018): 0.035%, Rnk 442 / 1225

Overview:  This page contains the latest trade data of Rapeseed Oil. In 2018, Rapeseed Oil were the world's 442nd most traded product, with a total trade of $6.5B. Between 2017 and 2018 the exports of Rapeseed Oil grew by 0.1%, from  $6.49B to $6.5B. Trade in Rapeseed Oil represent 0.035% of total world trade.

Exports: In 2018 the top exporters of Rapeseed Oil  were Canada ($2.74B), Germany ($802M), Russia ($359M), Belgium-Luxembourg ($298M), and Netherlands ($237M).

Imports: In 2018 the top importers of Rapeseed Oil were United States ($1.59B), China ($1.03B), Netherlands ($755M), Norway ($318M), and Belgium-Luxembourg ($259M).

Tariffs: In 2018 the average tariff for Rapeseed Oil was 12.2%, been the 306 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rapeseed Oil are Poland (84.7%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (37%), and Hungary (35.6%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Laos (0%), Maldives (0%), and Pakistan (0%).

Ranking: Rapeseed Oil ranks 448th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $2.74B

Top Destination (2018): United States, $1.59B

Rapeseed Oil are the world's 442nd most traded product.

In 2018, the top exporters of Rapeseed Oil were Canada ($2.74B), Germany ($802M), Russia ($359M), Belgium-Luxembourg ($298M), and Netherlands ($237M).

In 2018, the top importers of Rapeseed Oil were United States ($1.59B), China ($1.03B), Netherlands ($755M), Norway ($318M), and Belgium-Luxembourg ($259M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belarus, $122M

Top Destination Growth (2017 - 2018): China, $438M

Between 2017 and 2018, the exports of Rapeseed Oil grew the fastest in Belarus ($122M), United Kingdom ($107M), Russia ($103M), Canada ($91.1M), and Ukraine ($64.9M).

Between 2017 and 2018, the fastest growing importers of Rapeseed Oil were China ($438M), Netherlands ($124M), Russia ($70.8M), Latvia ($34.1M), and Denmark ($16M).

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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 Rapeseed Oil.

In 2018,  market concentration measured using Shannon Entropy, was 3.43. This means that most of the exports of Rapeseed Oil are explained by 10 countries.

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TOP NET EXPORTER (2018): Canada, $2.72B

TOP NET IMPORTER (2018): United States, $1.49B

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

In 2018, the countries that had a largest trade value in exports than in imports of Rapeseed Oil were Canada ($2.72B), Germany ($545M), Russia ($287M), Czechia ($187M), and United Arab Emirates ($168M).

In 2018, the countries that had a largest trade value in imports than in exports of Rapeseed Oil were United States ($1.49B), China ($1.01B), Netherlands ($517M), Norway ($318M), and Poland ($167M).

Trade Forecasts

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This section shows forecasts for total trade for Rapeseed Oil. 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 Rapeseed Oil was 12.2%.  The countries with the highest tariffs for importing Rapeseed Oil were Poland (84.7%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (37%), and Hungary (35.6%).

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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.