HS Icon Cotton-seed oil crude

151221 (Harmonized System 1992 for 6-digit)

World Trade (2018): $23.3M, Rnk 4504 / 4726

Top Exporter (2018): $6.92M, Kazakhstan

Top Importer (2018): $5.23M, Nigeria

Export Growth (CAGR)(2017 - 2018): -20.5%, Rnk 4522 / 4726

Mean Tariff (2018): 11.2%, Rnk 1944 / 6538

Share of World Trade (2018): 0.00013%, Rnk 4504 / 4726

Overview:  This page contains the latest trade data of Cotton-seed oil crude. In 2018, Cotton-seed oil crude were the world's 4504th most traded product, with a total trade of $23.3M. Between 2017 and 2018 the exports of Cotton-seed oil crude decreased by -20.5%, from  $29.3M to $23.3M. Trade in Cotton-seed oil crude represent 0.00013% of total world trade.

Exports: In 2018 the top exporters of Cotton-seed oil crude  were Kazakhstan ($6.92M), Benin ($4.21M), United States ($3.78M), Malaysia ($2.86M), and Turkmenistan ($1.83M).

Imports: In 2018 the top importers of Cotton-seed oil crude were Nigeria ($5.23M), Uzbekistan ($5.11M), Tajikistan ($3.11M), Netherlands ($2.67M), and Egypt ($2.32M).

Tariffs: In 2018 the average tariff for Cotton-seed oil crude was 11.2%, been the 1944 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Cotton-seed oil crude are Turkmenistan (100%), Jamaica (40%), Venezuela (38.5%), Trinidad and Tobago (37.8%), and Barbados (36.7%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Maldives (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Kazakhstan, $6.92M

Top Destination (2018): Nigeria, $5.23M

Cotton-seed oil crude are the world's 4504th most traded product.

In 2018, the top exporters of Cotton-seed oil crude were Kazakhstan ($6.92M), Benin ($4.21M), United States ($3.78M), Malaysia ($2.86M), and Turkmenistan ($1.83M).

In 2018, the top importers of Cotton-seed oil crude were Nigeria ($5.23M), Uzbekistan ($5.11M), Tajikistan ($3.11M), Netherlands ($2.67M), and Egypt ($2.32M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $3.43M

Top Destination Growth (2017 - 2018): Uzbekistan, $4.5M

Between 2017 and 2018, the exports of Cotton-seed oil crude grew the fastest in United States ($3.43M), Malaysia ($2.85M), Turkmenistan ($1.83M), Bosnia and Herzegovina ($1.02M), and Zambia ($496k).

Between 2017 and 2018, the fastest growing importers of Cotton-seed oil crude were Uzbekistan ($4.5M), Netherlands ($2.67M), Egypt ($2.31M), Malaysia ($1.04M), and Mali ($540k).

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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 Cotton-seed oil crude.

In 2018,  market concentration measured using Shannon Entropy, was 2.98. This means that most of the exports of Cotton-seed oil crude are explained by 7 countries.

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TOP NET EXPORTER (2018): Kazakhstan, $6.92M

TOP NET IMPORTER (2018): Tajikistan, $3.11M

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

In 2018, the countries that had a largest trade value in exports than in imports of Cotton-seed oil crude were Kazakhstan ($6.92M), Benin ($4.21M), United States ($3.78M), Turkmenistan ($1.83M), and Malaysia ($1.82M).

In 2018, the countries that had a largest trade value in imports than in exports of Cotton-seed oil crude were Tajikistan ($3.11M), Japan ($460k), and Germany ($215k).

Trade Forecasts

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This section shows forecasts for total trade for Cotton-seed 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 Cotton-seed oil crude was 11.2%.  The countries with the highest tariffs for importing Cotton-seed oil crude were Turkmenistan (100%), Jamaica (40%), Venezuela (38.5%), Trinidad and Tobago (37.8%), and Barbados (36.7%).

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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.