HS Icon Refined soya-bean oil, not chemically modified

150790 (Harmonized System 1992 for 6-digit)

World Trade (2019): $1.63B, Rnk 1494 / 4648

Top Exporter (2019): $191M, Netherlands

Top Importer (2019): $125M, United States

Product Complexity (2019): -1.03, Rnk 3991 / 4826

Export Growth (CAGR)(2018 - 2019): -7.52%, Rnk 3064 / 4648

Mean Tariff (2018): 14.6%, Rnk 1266 / 6538

Share of World Trade (2019): 0.009%, Rnk 1494 / 4648

Overview:  This page contains the latest trade data of Refined soya-bean oil, not chemically modified. In 2019, Refined soya-bean oil, not chemically modified were the world's 1494th most traded product, with a total trade of $1.63B. Between 2018 and 2019 the exports of Refined soya-bean oil, not chemically modified decreased by -7.52%, from  $1.77B to $1.63B. Trade in Refined soya-bean oil, not chemically modified represent 0.009% of total world trade.

Exports: In 2019 the top exporters of Refined soya-bean oil, not chemically modified  were Netherlands ($191M), China ($175M), United States ($169M), Canada ($120M), and Malaysia ($115M).

Imports: In 2019 the top importers of Refined soya-bean oil, not chemically modified were United States ($125M), North Korea ($120M), Mexico ($81.8M), Ecuador ($70.3M), and Angola ($56.8M).

Tariffs: In 2018 the average tariff for Refined soya-bean oil, not chemically modified was 14.6%, making it the 1266th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Refined soya-bean oil, not chemically modified are Barbados (149%), Thailand (142%), Jamaica (40%), Hungary (39.1%), and Venezuela (38.5%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Hong Kong (0%), Japan (0%), and Laos (0%).

Ranking: Refined soya-bean oil, not chemically modified ranks 3991st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Netherlands, $191M

Top Destination (2019): United States, $125M

Refined soya-bean oil, not chemically modified are the world's 1494th most traded product.

In 2019, the top exporters of Refined soya-bean oil, not chemically modified were Netherlands ($191M), China ($175M), United States ($169M), Canada ($120M), and Malaysia ($115M).

In 2019, the top importers of Refined soya-bean oil, not chemically modified were United States ($125M), North Korea ($120M), Mexico ($81.8M), Ecuador ($70.3M), and Angola ($56.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Nepal, $50.9M

Top Destination Growth (2018 - 2019): India, $42.9M

Between 2018 and 2019, the exports of Refined soya-bean oil, not chemically modified grew the fastest in Nepal ($50.9M), Colombia ($39.5M), Egypt ($16.5M), Brazil ($16.4M), and Thailand ($8.73M).

Between 2018 and 2019, the fastest growing importers of Refined soya-bean oil, not chemically modified were India ($42.9M), Ecuador ($41.2M), United States ($16.2M), Germany ($14.2M), and Venezuela ($9.76M).

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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 Refined soya-bean oil, not chemically modified.

In 2019,  market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Refined soya-bean oil, not chemically modified are explained by 23 countries.

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TOP NET EXPORTER (2019): Netherlands, $174M

TOP NET IMPORTER (2019): Mexico, $74.1M

This map shows which countries export or import more of Refined soya-bean oil, not chemically modified. Each country is colored based on the difference in exports and imports of Refined soya-bean oil, not chemically modified during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Refined soya-bean oil, not chemically modified were Netherlands ($174M), China ($151M), Malaysia ($107M), Canada ($98.6M), and Brazil ($85.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Refined soya-bean oil, not chemically modified were Mexico ($74.1M), Philippines ($45.7M), India ($44.4M), United Kingdom ($39.9M), and South Africa ($37.3M).

Import Tariffs

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In 2018, the average tariff for importing Refined soya-bean oil, not chemically modified was 14.6%.  The countries with the highest tariffs for importing Refined soya-bean oil, not chemically modified were Barbados (149%), Thailand (142%), Jamaica (40%), Hungary (39.1%), and Venezuela (38.5%).

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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.