HS Icon Coconut Oil

1513 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.59B, Rnk 438 / 1225

Top Exporter (2018): $2.72B, Indonesia

Top Importer (2018): $1.12B, United States

Product Complexity (2018): -1.35, Rnk 910 / 1018

Export Growth (CAGR)(2017 - 2018): -10.8%, Rnk 1182 / 1225

Mean Tariff (2018): 8.81%, Rnk 490 / 1259

Share of World Trade (2018): 0.036%, Rnk 438 / 1225

Overview:  This page contains the latest trade data of Coconut Oil. In 2018, Coconut Oil were the world's 438th most traded product, with a total trade of $6.59B. Between 2017 and 2018 the exports of Coconut Oil decreased by -10.8%, from  $7.39B to $6.59B. Trade in Coconut Oil represent 0.036% of total world trade.

Exports: In 2018 the top exporters of Coconut Oil  were Indonesia ($2.72B), Philippines ($1.31B), Malaysia ($1.03B), Netherlands ($440M), and Thailand ($128M).

Imports: In 2018 the top importers of Coconut Oil were United States ($1.12B), Netherlands ($983M), China ($863M), Germany ($621M), and Malaysia ($483M).

Tariffs: In 2018 the average tariff for Coconut Oil was 8.81%, been the 490 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 910th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Indonesia, $2.72B

Top Destination (2018): United States, $1.12B

Coconut Oil are the world's 438th most traded product.

In 2018, the top exporters of Coconut Oil were Indonesia ($2.72B), Philippines ($1.31B), Malaysia ($1.03B), Netherlands ($440M), and Thailand ($128M).

In 2018, the top importers of Coconut Oil were United States ($1.12B), Netherlands ($983M), China ($863M), Germany ($621M), and Malaysia ($483M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $22.1M

Top Destination Growth (2017 - 2018): Netherlands, $72M

Between 2017 and 2018, the exports of Coconut Oil grew the fastest in United States ($22.1M), Canada ($22M), Singapore ($17.6M), Vietnam ($8.17M), and Italy ($4.29M).

Between 2017 and 2018, the fastest growing importers of Coconut Oil were Netherlands ($72M), Canada ($42.1M), Saudi Arabia ($38.9M), Mali ($5.94M), and India ($5.27M).

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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 2018,  market concentration measured using Shannon Entropy, was 2.88. This means that most of the exports of Coconut Oil are explained by 7 countries.

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TOP NET EXPORTER (2018): Indonesia, $2.7B

TOP NET IMPORTER (2018): United States, $1.06B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Coconut Oil were Indonesia ($2.7B), Philippines ($1.23B), Malaysia ($548M), Thailand ($110M), and Papua New Guinea ($92.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Coconut Oil were United States ($1.06B), China ($861M), Netherlands ($543M), Germany ($531M), and Brazil ($199M).

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%).

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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.