HS Icon Veg fats, oils or fractions hydrogenated, esterified

151620 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Veg fats, oils or fractions hydrogenated, esterified. In 2019, Veg fats, oils or fractions hydrogenated, esterified were the world's 938th most traded product, with a total trade of $3.18B. Between 2018 and 2019 the exports of Veg fats, oils or fractions hydrogenated, esterified decreased by -14.6%, from $3.72B to $3.18B. Trade in Veg fats, oils or fractions hydrogenated, esterified represent 0.018% of total world trade.

Veg fats, oils or fractions hydrogenated, esterified are a part of Other Vegetable Oils.

Exports In 2019 the top exporters of Veg fats, oils or fractions hydrogenated, esterified  were Malaysia ($1B), Indonesia ($691M), Netherlands ($259M), Germany ($202M), and Sweden ($125M).

Imports In 2019 the top importers of Veg fats, oils or fractions hydrogenated, esterified were Myanmar ($363M), United States ($154M), China ($154M), Germany ($148M), and Netherlands ($117M).

Tariffs In 2018 the average tariff for Veg fats, oils or fractions hydrogenated, esterified was 12.2%, making it the 1698th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Veg fats, oils or fractions hydrogenated, esterified are India (55.3%), Liechtenstein (53.8%), Switzerland (53.6%), Bhutan (48.9%), and Turkey (45.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking Veg fats, oils or fractions hydrogenated, esterified ranks 4440th in the Product Complexity Index (PCI).

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The following visualization shows the latest trends on Veg fats, oils or fractions hydrogenated, esterified. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using October 2021 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Malaysia, $1B

Top Destination (2019): Myanmar, $363M

Veg fats, oils or fractions hydrogenated, esterified are the world's 938th most traded product.

In 2019, the top exporters of Veg fats, oils or fractions hydrogenated, esterified were Malaysia ($1B), Indonesia ($691M), Netherlands ($259M), Germany ($202M), and Sweden ($125M).

In 2019, the top importers of Veg fats, oils or fractions hydrogenated, esterified were Myanmar ($363M), United States ($154M), China ($154M), Germany ($148M), and Netherlands ($117M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $13.5M

Top Destination Growth (2018 - 2019): Indonesia, $22M

Between 2018 and 2019, the exports of Veg fats, oils or fractions hydrogenated, esterified grew the fastest in India ($13.5M), Estonia ($6.22M), Turkey ($3.39M), Thailand ($3.12M), and Azerbaijan ($2.61M).

Between 2018 and 2019, the fastest growing importers of Veg fats, oils or fractions hydrogenated, esterified were Indonesia ($22M), Italy ($16.2M), South Korea ($9.25M), Sweden ($6.24M), and Japan ($5.11M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Veg fats, oils or fractions hydrogenated, esterified.

In 2019,  market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Veg fats, oils or fractions hydrogenated, esterified are explained by 13 countries.

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TOP NET EXPORTER (2019): Malaysia, $951M

TOP NET IMPORTER (2019): Myanmar, $362M

This map shows which countries export or import more of Veg fats, oils or fractions hydrogenated, esterified. Each country is colored based on the difference in exports and imports of Veg fats, oils or fractions hydrogenated, esterified during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Veg fats, oils or fractions hydrogenated, esterified were Malaysia ($951M), Indonesia ($642M), Netherlands ($142M), Sweden ($103M), and Germany ($53.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Veg fats, oils or fractions hydrogenated, esterified were Myanmar ($362M), China ($141M), Japan ($91.9M), Turkey ($84.4M), and United States ($72.6M).

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Veg fats, oils or fractions hydrogenated, esterified.
It is possible to select the main countries that export or import Veg fats, oils or fractions hydrogenated, esterified in the world, or by continent, as well as select the measure of interest.

Import Tariffs

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In 2018, the average tariff for importing Veg fats, oils or fractions hydrogenated, esterified was 12.2%. The countries with the highest tariffs for importing Veg fats, oils or fractions hydrogenated, esterified were India (55.3%), Liechtenstein (53.8%), Switzerland (53.6%), Bhutan (48.9%), and Turkey (45.5%).

Product Complexity

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Diversification Frontier

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Specialization

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.