Overview:  This page contains the latest trade data of Coconut Oil. In 2019, Coconut Oil were the world's 512th most traded product, with a total trade of $4.73B. Between 2018 and 2019 the exports of Coconut Oil decreased by -28.4%, from $6.6B to $4.73B. Trade in Coconut Oil represent 0.026% of total world trade.

Exports: In 2019 the top exporters of Coconut Oil  were Indonesia ($1.9B), Philippines ($983M), Malaysia ($728M), Netherlands ($296M), and Thailand ($74.1M).

Imports: In 2019 the top importers of Coconut Oil were United States ($820M), China ($716M), Netherlands ($626M), Germany ($362M), and Malaysia ($361M).

Tariffs: In 2018 the average tariff for Coconut Oil was 8.81%, making it the 490th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Coconut Oil are Thailand (121%), Jamaica (40%), Venezuela (38.4%), Trinidad and Tobago (37.8%), and Barbados (36.9%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Maldives (0%), Pakistan (0%), and Singapore (0%).

Ranking: Coconut Oil ranks 864th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Indonesia, $1.9B

Top Destination (2019): United States, $820M

Coconut Oil are the world's 512th most traded product.

In 2019, the top exporters of Coconut Oil were Indonesia ($1.9B), Philippines ($983M), Malaysia ($728M), Netherlands ($296M), and Thailand ($74.1M).

In 2019, the top importers of Coconut Oil were United States ($820M), China ($716M), Netherlands ($626M), Germany ($362M), and Malaysia ($361M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Singapore, $4.07M

Top Destination Growth (2018 - 2019): Indonesia, $11.4M

Between 2018 and 2019, the exports of Coconut Oil grew the fastest in Singapore ($4.07M), Slovenia ($3.05M), Poland ($2.71M), Samoa ($1.35M), and Belgium ($1.22M).

Between 2018 and 2019, the fastest growing importers of Coconut Oil were Indonesia ($11.4M), Nigeria ($2.43M), Ecuador ($1.48M), Afghanistan ($1.32M), and Senegal ($1.22M).

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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 Coconut Oil.

In 2019,  market concentration measured using Shannon Entropy, was 2.92. This means that most of the exports of Coconut Oil are explained by 7 countries.

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TOP NET EXPORTER (2019): Indonesia, $1.88B

TOP NET IMPORTER (2019): United States, $763M

This map shows which countries export or import more of Coconut Oil. Each country is colored based on the difference in exports and imports of Coconut Oil during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Coconut Oil were Indonesia ($1.88B), Philippines ($951M), Malaysia ($367M), Thailand ($62.5M), and Papua New Guinea ($61.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Coconut Oil were United States ($763M), China ($715M), Netherlands ($330M), Germany ($294M), and Brazil ($146M).

Disaggregation

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Value

In 2019, the world most traded Coconut Oil, disaggragated by their HS6 level were Palm kernel & babassu oil, fractions,... ($1.42B), Coconut (copra) oil or fractions simply... ($1.26B), Coconut (copra) oil crude ($1.1B), and Palm kernel or babassu oil, crude ($939M)

Import Tariffs

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In 2018, the average tariff for importing Coconut Oil was 8.81%. The countries with the highest tariffs for importing Coconut Oil were Thailand (121%), Jamaica (40%), Venezuela (38.4%), Trinidad and Tobago (37.8%), and Barbados (36.9%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Coconut Oil to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.