HS Icon Seed Oils

1512 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $11B, Rnk 299 / 1217

2019
Top Exporter | Top Importer
: $3.75B | $1.72B, Ukraine | India

2019
Product Complexity
: -1.15, Rnk 811 / 961

2018 - 2019
Export Growth (CAGR)
: 0.38%, Rnk 365 / 1217

2018
Mean Tariff
: 13%, Rnk 274 / 1259

 2019
Share of World Trade
: 0.061%, Rnk 299 / 1217

Overview:  This page contains the latest trade data of Seed Oils. In 2019, Seed Oils were the world's 299th most traded product, with a total trade of $11B. Between 2018 and 2019 the exports of Seed Oils grew by 0.38%, from  $11B to $11B. Trade in Seed Oils represent 0.061% of total world trade.

Exports: In 2019 the top exporters of Seed Oils  were Ukraine ($3.75B), Russia ($2.2B), Netherlands ($571M), Argentina ($555M), and Hungary ($504M).

Imports: In 2019 the top importers of Seed Oils were India ($1.72B), China ($912M), Netherlands ($658M), Germany ($534M), and Italy ($497M).

Tariffs: In 2018 the average tariff for Seed Oils was 13%, making it the 274th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Seed Oils are Turkmenistan (46%), Jamaica (40%), Venezuela (38.5%), Trinidad and Tobago (37.8%), and Barbados (37%). The countries with the lowest tariffs are Egypt (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Pakistan (0%).

Ranking: Seed Oils ranks 811th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Ukraine, $3.75B

Top Destination (2019): India, $1.72B

Seed Oils are the world's 299th most traded product.

In 2019, the top exporters of Seed Oils were Ukraine ($3.75B), Russia ($2.2B), Netherlands ($571M), Argentina ($555M), and Hungary ($504M).

In 2019, the top importers of Seed Oils were India ($1.72B), China ($912M), Netherlands ($658M), Germany ($534M), and Italy ($497M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $604M

Top Destination Growth (2018 - 2019): China, $380M

Between 2018 and 2019, the exports of Seed Oils grew the fastest in Russia ($604M), Turkey ($60.2M), Germany ($41.1M), Serbia ($25.9M), and Egypt ($24.5M).

Between 2018 and 2019, the fastest growing importers of Seed Oils were China ($380M), Germany ($128M), Netherlands ($71.8M), Spain ($62.6M), and Poland ($60.4M).

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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 Seed Oils.

In 2019,  market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Seed Oils are explained by 12 countries.

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TOP NET EXPORTER (2019): Ukraine, $3.73B

TOP NET IMPORTER (2019): India, $1.71B

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

In 2019, the countries that had a largest trade value in exports than in imports of Seed Oils were Ukraine ($3.73B), Russia ($2.2B), Argentina ($555M), Hungary ($464M), and Bulgaria ($273M).

In 2019, the countries that had a largest trade value in imports than in exports of Seed Oils were India ($1.71B), China ($901M), Iran ($465M), Italy ($433M), and Germany ($307M).

Disaggregation

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Value

In 2019, the world most traded Seed Oils, disaggragated by their HS6 level were Sunflower-seed or safflower oil, crude ($7.42B), Sunflower or safflower oil,fractions simply refined ($3.46B), Cotton-seed or fractions simply refined ($134M), and Cotton-seed oil crude ($15.5M)

Import Tariffs

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In 2018, the average tariff for importing Seed Oils was 13%.  The countries with the highest tariffs for importing Seed Oils were Turkmenistan (46%), Jamaica (40%), Venezuela (38.5%), Trinidad and Tobago (37.8%), and Barbados (37%).

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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.