HS Icon Sunflower or safflower oil,fractions simply refined

151219 (Harmonized System 1992 for 6-digit)

World Trade (2019): $3.46B, Rnk 875 / 4648

Top Exporter (2019): $471M, Russia

Top Importer (2019): $250M, Belgium

Product Complexity (2019): -0.77, Rnk 3705 / 4826

Export Growth (CAGR)(2018 - 2019): -1.92%, Rnk 1975 / 4648

Mean Tariff (2018): 13.9%, Rnk 1416 / 6538

Share of World Trade (2019): 0.019%, Rnk 875 / 4648

Overview:  This page contains the latest trade data of Sunflower or safflower oil,fractions simply refined. In 2019, Sunflower or safflower oil,fractions simply refined were the world's 875th most traded product, with a total trade of $3.46B. Between 2018 and 2019 the exports of Sunflower or safflower oil,fractions simply refined decreased by -1.92%, from  $3.53B to $3.46B. Trade in Sunflower or safflower oil,fractions simply refined represent 0.019% of total world trade.

Exports: In 2019 the top exporters of Sunflower or safflower oil,fractions simply refined  were Russia ($471M), Turkey ($427M), Ukraine ($348M), Hungary ($255M), and France ($232M).

Imports: In 2019 the top importers of Sunflower or safflower oil,fractions simply refined were Belgium ($250M), Germany ($186M), Netherlands ($161M), Uzbekistan ($142M), and France ($139M).

Tariffs: In 2018 the average tariff for Sunflower or safflower oil,fractions simply refined was 13.9%, making it the 1416th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sunflower or safflower oil,fractions simply refined are Turkey (52.3%), Jamaica (40%), Hungary (39.1%), Venezuela (38.5%), and Barbados (37.8%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Hong Kong (0%), Indonesia (0%), and Japan (0%).

Ranking: Sunflower or safflower oil,fractions simply refined ranks 3705th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Russia, $471M

Top Destination (2019): Belgium, $250M

Sunflower or safflower oil,fractions simply refined are the world's 875th most traded product.

In 2019, the top exporters of Sunflower or safflower oil,fractions simply refined were Russia ($471M), Turkey ($427M), Ukraine ($348M), Hungary ($255M), and France ($232M).

In 2019, the top importers of Sunflower or safflower oil,fractions simply refined were Belgium ($250M), Germany ($186M), Netherlands ($161M), Uzbekistan ($142M), and France ($139M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $53.1M

Top Destination Growth (2018 - 2019): Djibouti, $56.6M

Between 2018 and 2019, the exports of Sunflower or safflower oil,fractions simply refined grew the fastest in Russia ($53.1M), Germany ($27.8M), Turkey ($20.9M), Romania ($13.6M), and Czechia ($11.2M).

Between 2018 and 2019, the fastest growing importers of Sunflower or safflower oil,fractions simply refined were Djibouti ($56.6M), Poland ($47.5M), Uzbekistan ($34.8M), Germany ($20.7M), and Yemen ($17.6M).

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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 Sunflower or safflower oil,fractions simply refined.

In 2019,  market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Sunflower or safflower oil,fractions simply refined are explained by 22 countries.

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TOP NET EXPORTER (2019): Russia, $470M

TOP NET IMPORTER (2019): Uzbekistan, $142M

This map shows which countries export or import more of Sunflower or safflower oil,fractions simply refined. Each country is colored based on the difference in exports and imports of Sunflower or safflower oil,fractions simply refined during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Sunflower or safflower oil,fractions simply refined were Russia ($470M), Turkey ($391M), Ukraine ($328M), Hungary ($230M), and Spain ($150M).

In 2019, the countries that had a largest trade value in imports than in exports of Sunflower or safflower oil,fractions simply refined were Uzbekistan ($142M), Belgium ($104M), United Kingdom ($85.3M), Poland ($85.3M), and Syria ($82.4M).

Import Tariffs

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In 2018, the average tariff for importing Sunflower or safflower oil,fractions simply refined was 13.9%.  The countries with the highest tariffs for importing Sunflower or safflower oil,fractions simply refined were Turkey (52.3%), Jamaica (40%), Hungary (39.1%), Venezuela (38.5%), and Barbados (37.8%).

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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.