Overview: This page contains the latest trade data of Essential Oils. In 2019, Essential Oils were the world's 444th most traded product, with a total trade of $6.31B. Between 2018 and 2019 the exports of Essential Oils grew by 1.12%, from $6.25B to $6.31B. Trade in Essential Oils represent 0.035% of total world trade.
Exports: In 2019 the top exporters of Essential Oils were India ($1.17B), United States ($790M), United Arab Emirates ($489M), France ($463M), and China ($457M).
Imports: In 2019 the top importers of Essential Oils were United States ($1.11B), India ($640M), France ($449M), Germany ($352M), and Hong Kong ($311M).
Tariffs: In 2018 the average tariff for Essential Oils was 7.32%, making it the 596th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Essential Oils are Romania (42.1%), Bahamas (41.2%), Cambodia (35%), Sudan (35%), and South Korea (34.4%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).
Ranking: Essential Oils ranks 850th in the Product Complexity Index (PCI).
Description: Essential oils are used in many industries including health, beauty, and food. They are used as a fragrance in perfumes, soaps, detergents, and candles. Essential oils are also used for their medicinal purposes such as treatment of stress, insomnia, depression, and anxiety. Essential oils are also used in food for flavoring and preservation.