HS Icon Rapeseed Oil

1514 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Rapeseed Oil. In 2019, Rapeseed Oil were the world's 424th most traded product, with a total trade of $6.73B. Between 2018 and 2019 the exports of Rapeseed Oil grew by 3.39%, from $6.51B to $6.73B. Trade in Rapeseed Oil represent 0.037% of total world trade.

Exports: In 2019 the top exporters of Rapeseed Oil  were Canada ($2.6B), Germany ($781M), Russia ($514M), Belgium ($316M), and Netherlands ($276M).

Imports: In 2019 the top importers of Rapeseed Oil were United States ($1.59B), China ($1.15B), Netherlands ($736M), Belgium ($351M), and Germany ($334M).

Tariffs: In 2018 the average tariff for Rapeseed Oil was 12.2%, making it the 306th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rapeseed Oil are Poland (84.7%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (37%), and Hungary (35.6%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Laos (0%), Maldives (0%), and Pakistan (0%).

Ranking: Rapeseed Oil ranks 483rd 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): Canada, $2.6B

Top Destination (2019): United States, $1.59B

Rapeseed Oil are the world's 424th most traded product.

In 2019, the top exporters of Rapeseed Oil were Canada ($2.6B), Germany ($781M), Russia ($514M), Belgium ($316M), and Netherlands ($276M).

In 2019, the top importers of Rapeseed Oil were United States ($1.59B), China ($1.15B), Netherlands ($736M), Belgium ($351M), and Germany ($334M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $155M

Top Destination Growth (2018 - 2019): China, $122M

Between 2018 and 2019, the exports of Rapeseed Oil grew the fastest in Russia ($155M), United Arab Emirates ($67M), Netherlands ($38.4M), Belarus ($37.8M), and Belgium ($27.4M).

Between 2018 and 2019, the fastest growing importers of Rapeseed Oil were China ($122M), Belgium ($91.7M), Germany ($79M), Sweden ($61.7M), and Russia ($32.2M).

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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 Rapeseed Oil.

In 2019,  market concentration measured using Shannon Entropy, was 3.57. This means that most of the exports of Rapeseed Oil are explained by 11 countries.

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TOP NET EXPORTER (2019): Canada, $2.58B

TOP NET IMPORTER (2019): United States, $1.5B

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

In 2019, the countries that had a largest trade value in exports than in imports of Rapeseed Oil were Canada ($2.58B), Germany ($446M), Russia ($409M), United Arab Emirates ($237M), and Belarus ($204M).

In 2019, the countries that had a largest trade value in imports than in exports of Rapeseed Oil were United States ($1.5B), China ($1.14B), Netherlands ($459M), Norway ($325M), and Sweden ($161M).

Disaggregation

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Value

In 2019, the world most traded Rapeseed Oil, disaggragated by their HS6 level were Canola, rape, colza or mustard oil,... ($3.66B) and Canola, rape, colza or mustard oil,... ($3.07B)

Import Tariffs

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In 2018, the average tariff for importing Rapeseed Oil was 12.2%. The countries with the highest tariffs for importing Rapeseed Oil were Poland (84.7%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (37%), and Hungary (35.6%).

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