HS Icon Refined soya-bean oil, not chemically modified

150790 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.67B, Rnk 1501 / 4726

Top Exporter (2018): $199M, United States

Top Importer (2018): $129M, North Korea

Product Complexity (2018): -1.09, Rnk 2283 / 2722

Export Growth (CAGR)(2017 - 2018): 2.02%, Rnk 3638 / 4726

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

Share of World Trade (2018): 0.0091%, Rnk 1501 / 4726

Overview:  This page contains the latest trade data of Refined soya-bean oil, not chemically modified. In 2018, Refined soya-bean oil, not chemically modified were the world's 1501st most traded product, with a total trade of $1.67B. Between 2017 and 2018 the exports of Refined soya-bean oil, not chemically modified grew by 2.02%, from  $1.64B to $1.67B. Trade in Refined soya-bean oil, not chemically modified represent 0.0091% of total world trade.

Exports: In 2018 the top exporters of Refined soya-bean oil, not chemically modified  were United States ($199M), Netherlands ($197M), China ($182M), Malaysia ($114M), and Canada ($114M).

Imports: In 2018 the top importers of Refined soya-bean oil, not chemically modified were North Korea ($129M), Angola ($120M), United States ($109M), South Africa ($88M), and Mexico ($78.8M).

Tariffs: In 2018 the average tariff for Refined soya-bean oil, not chemically modified was 14.6%, been the 1266 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 2283rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $199M

Top Destination (2018): North Korea, $129M

Refined soya-bean oil, not chemically modified are the world's 1501st most traded product.

In 2018, the top exporters of Refined soya-bean oil, not chemically modified were United States ($199M), Netherlands ($197M), China ($182M), Malaysia ($114M), and Canada ($114M).

In 2018, the top importers of Refined soya-bean oil, not chemically modified were North Korea ($129M), Angola ($120M), United States ($109M), South Africa ($88M), and Mexico ($78.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $59.6M

Top Destination Growth (2017 - 2018): North Korea, $25.2M

Between 2017 and 2018, the exports of Refined soya-bean oil, not chemically modified grew the fastest in China ($59.6M), Germany ($32.7M), Thailand ($31.1M), Russia ($23.8M), and Colombia ($21.6M).

Between 2017 and 2018, the fastest growing importers of Refined soya-bean oil, not chemically modified were North Korea ($25.2M), Ecuador ($17.7M), Hong Kong ($15.5M), Netherlands ($13.7M), and India ($11.7M).

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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 2018,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Refined soya-bean oil, not chemically modified are explained by 22 countries.

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TOP NET EXPORTER (2018): Netherlands, $167M

TOP NET IMPORTER (2018): Angola, $120M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Refined soya-bean oil, not chemically modified were Netherlands ($167M), China ($159M), Malaysia ($104M), Argentina ($99.2M), and Canada ($92.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Refined soya-bean oil, not chemically modified were Angola ($120M), South Africa ($83M), Chile ($57M), Philippines ($52.1M), and Mexico ($52.1M).

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.