HS Icon Soya-bean oil crude, whether or not degummed

150710 (Harmonized System 1992 for 6-digit)

World Trade (2019): $7.16B, Rnk 441 / 4648

Top Exporter (2019): $3.32B, Argentina

Top Importer (2019): $2.33B, India

Product Complexity (2019): -0.87, Rnk 3805 / 4826

Export Growth (CAGR)(2018 - 2019): -0.96%, Rnk 1747 / 4648

Mean Tariff (2018): 10.9%, Rnk 2012 / 6538

Share of World Trade (2019): 0.04%, Rnk 441 / 4648

Overview:  This page contains the latest trade data of Soya-bean oil crude, whether or not degummed. In 2019, Soya-bean oil crude, whether or not degummed were the world's 441st most traded product, with a total trade of $7.16B. Between 2018 and 2019 the exports of Soya-bean oil crude, whether or not degummed decreased by -0.96%, from  $7.23B to $7.16B. Trade in Soya-bean oil crude, whether or not degummed represent 0.04% of total world trade.

Exports: In 2019 the top exporters of Soya-bean oil crude, whether or not degummed  were Argentina ($3.32B), Brazil ($611M), United States ($555M), Paraguay ($388M), and Russia ($333M).

Imports: In 2019 the top importers of Soya-bean oil crude, whether or not degummed were India ($2.33B), Algeria ($550M), China ($497M), Bangladesh ($488M), and Morocco ($373M).

Tariffs: In 2018 the average tariff for Soya-bean oil crude, whether or not degummed was 10.9%, making it the 2012th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Soya-bean oil crude, whether or not degummed are Barbados (149%), Thailand (142%), Jamaica (40%), Venezuela (38.5%), and Belize (38.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Soya-bean oil crude, whether or not degummed ranks 3805th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Argentina, $3.32B

Top Destination (2019): India, $2.33B

Soya-bean oil crude, whether or not degummed are the world's 441st most traded product.

In 2019, the top exporters of Soya-bean oil crude, whether or not degummed were Argentina ($3.32B), Brazil ($611M), United States ($555M), Paraguay ($388M), and Russia ($333M).

In 2019, the top importers of Soya-bean oil crude, whether or not degummed were India ($2.33B), Algeria ($550M), China ($497M), Bangladesh ($488M), and Morocco ($373M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Argentina, $387M

Top Destination Growth (2018 - 2019): Egypt, $75.2M

Between 2018 and 2019, the exports of Soya-bean oil crude, whether or not degummed grew the fastest in Argentina ($387M), Switzerland ($91.2M), Ukraine ($59.9M), Egypt ($47.6M), and Bolivia ($39.8M).

Between 2018 and 2019, the fastest growing importers of Soya-bean oil crude, whether or not degummed were Egypt ($75.2M), Argentina ($62.4M), Algeria ($61.8M), India ($57.2M), and Poland ($37.5M).

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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 Soya-bean oil crude, whether or not degummed.

In 2019,  market concentration measured using Shannon Entropy, was 3.21. This means that most of the exports of Soya-bean oil crude, whether or not degummed are explained by 9 countries.

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TOP NET EXPORTER (2019): Argentina, $3.22B

TOP NET IMPORTER (2019): India, $2.33B

This map shows which countries export or import more of Soya-bean oil crude, whether or not degummed. Each country is colored based on the difference in exports and imports of Soya-bean oil crude, whether or not degummed during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Soya-bean oil crude, whether or not degummed were Argentina ($3.22B), Brazil ($582M), United States ($546M), Paraguay ($388M), and Russia ($302M).

In 2019, the countries that had a largest trade value in imports than in exports of Soya-bean oil crude, whether or not degummed were India ($2.33B), China ($478M), Morocco ($373M), South Korea ($257M), and Egypt ($118M).

Import Tariffs

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In 2018, the average tariff for importing Soya-bean oil crude, whether or not degummed was 10.9%.  The countries with the highest tariffs for importing Soya-bean oil crude, whether or not degummed were Barbados (149%), Thailand (142%), Jamaica (40%), Venezuela (38.5%), and Belize (38.2%).

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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.