HS Icon Other Pure Vegetable Oils

1515 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.39B, Rnk 542 / 1225

Top Exporter (2018): $941M, India

Top Importer (2018): $576M, United States

Product Complexity (2018): -0.79, Rnk 767 / 1018

Export Growth (CAGR)(2017 - 2018): 5.31%, Rnk 962 / 1225

Mean Tariff (2018): 8.29%, Rnk 523 / 1259

Share of World Trade (2018): 0.024%, Rnk 542 / 1225

Overview:  This page contains the latest trade data of Other Pure Vegetable Oils. In 2018, Other Pure Vegetable Oils were the world's 542nd most traded product, with a total trade of $4.39B. Between 2017 and 2018 the exports of Other Pure Vegetable Oils grew by 5.31%, from  $4.17B to $4.39B. Trade in Other Pure Vegetable Oils represent 0.024% of total world trade.

Exports: In 2018 the top exporters of Other Pure Vegetable Oils  were India ($941M), United States ($537M), Mexico ($200M), France ($174M), and Spain ($168M).

Imports: In 2018 the top importers of Other Pure Vegetable Oils were United States ($576M), China ($474M), Netherlands ($267M), Germany ($252M), and France ($237M).

Tariffs: In 2018 the average tariff for Other Pure Vegetable Oils was 8.29%, been the 523 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Pure Vegetable Oils are South Korea (55.6%), Tunisia (36%), Venezuela (28.5%), Jamaica (26.9%), and Sudan (26.2%). The countries with the lowest tariffs are Hong Kong (0%), Maldives (0%), Pakistan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Other Pure Vegetable Oils ranks 767th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $941M

Top Destination (2018): United States, $576M

Other Pure Vegetable Oils are the world's 542nd most traded product.

In 2018, the top exporters of Other Pure Vegetable Oils were India ($941M), United States ($537M), Mexico ($200M), France ($174M), and Spain ($168M).

In 2018, the top importers of Other Pure Vegetable Oils were United States ($576M), China ($474M), Netherlands ($267M), Germany ($252M), and France ($237M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Denmark, $61.2M

Top Destination Growth (2017 - 2018): United States, $171M

Between 2017 and 2018, the exports of Other Pure Vegetable Oils grew the fastest in Denmark ($61.2M), Mexico ($51.8M), United Arab Emirates ($38.5M), Ghana ($30.3M), and Israel ($30.3M).

Between 2017 and 2018, the fastest growing importers of Other Pure Vegetable Oils were United States ($171M), Sweden ($58.8M), Netherlands ($47.1M), Canada ($27.5M), and Denmark ($25.2M).

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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 Pure Vegetable Oils.

In 2018,  market concentration measured using Shannon Entropy, was 4.77. This means that most of the exports of Other Pure Vegetable Oils are explained by 27 countries.

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TOP NET EXPORTER (2018): India, $921M

TOP NET IMPORTER (2018): China, $337M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Pure Vegetable Oils were India ($921M), Mexico ($159M), Belgium-Luxembourg ($81.7M), Ghana ($81.4M), and Spain ($76.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Pure Vegetable Oils were China ($337M), Netherlands ($120M), Germany ($96M), Kuwait ($77.4M), and Japan ($69M).

Trade Forecasts

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This section shows forecasts for total trade for Other Pure Vegetable Oils. 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 Pure Vegetable Oils was 8.29%.  The countries with the highest tariffs for importing Other Pure Vegetable Oils were South Korea (55.6%), Tunisia (36%), Venezuela (28.5%), Jamaica (26.9%), and Sudan (26.2%).

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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.