HS Icon Fish Oil

1504 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Fish Oil. In 2019, Fish Oil were the world's 697th most traded product, with a total trade of $2.25B. Between 2018 and 2019 the exports of Fish Oil grew by 5.03%, from $2.15B to $2.25B. Trade in Fish Oil represent 0.012% of total world trade.

Exports In 2019 the top exporters of Fish Oil  were Peru ($434M), United States ($190M), Denmark ($188M), Norway ($175M), and Chile ($148M).

Imports In 2019 the top importers of Fish Oil were Norway ($386M), Denmark ($185M), China ($170M), Canada ($142M), and Belgium ($132M).

Tariffs In 2018 the average tariff for Fish Oil was 5.27%, making it the 789th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Fish Oil are Bahamas (35.7%), Bhutan (29.4%), India (24.6%), and Tanzania (23.6%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking Fish Oil ranks 921st 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): Peru, $434M

Top Destination (2019): Norway, $386M

Fish Oil are the world's 697th most traded product.

In 2019, the top exporters of Fish Oil were Peru ($434M), United States ($190M), Denmark ($188M), Norway ($175M), and Chile ($148M).

In 2019, the top importers of Fish Oil were Norway ($386M), Denmark ($185M), China ($170M), Canada ($142M), and Belgium ($132M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Australia, $55.1M

Top Destination Growth (2018 - 2019): China, $46.2M

Between 2018 and 2019, the exports of Fish Oil grew the fastest in Australia ($55.1M), Peru ($54.9M), Vietnam ($45.7M), United States ($28.5M), and Norway ($16M).

Between 2018 and 2019, the fastest growing importers of Fish Oil were China ($46.2M), Belgium ($42.6M), Norway ($39M), Singapore ($36.2M), and Canada ($25.5M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Fish Oil.

In 2019,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Fish Oil are explained by 22 countries.

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TOP NET EXPORTER (2019): Peru, $412M

TOP NET IMPORTER (2019): Norway, $211M

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

In 2019, the countries that had a largest trade value in exports than in imports of Fish Oil were Peru ($412M), Mauritania ($104M), United States ($74.2M), Iceland ($68.2M), and Vietnam ($63.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Fish Oil were Norway ($211M), Canada ($115M), Belgium ($98.7M), Singapore ($72.1M), and China ($64.6M).

Disaggregation

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Value

In 2019, the world most traded Fish Oil, disaggragated by their HS6 level were Fish oils except liver, not chemically... ($2.05B), Fish-liver oils, fractions, not chemically modified ($195M), and Marine mammal fats, oils, etc. not... ($8.44M)

Import Tariffs

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In 2018, the average tariff for importing Fish Oil was 5.27%. The countries with the highest tariffs for importing Fish Oil were Bahamas (35.7%), Bhutan (29.4%), India (24.6%), and Tanzania (23.6%).

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 Fish Oil to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.