2022
Exports
$2.52BWorld Rnk 17 / 210
Flag Rnk 33 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$22.3BWorld Rnk 1 / 224
Flag Rnk 7 / 96
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $2.52B in Animal or vegetable fats, oils, & waxes, making it the 17th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 33rd most exported product in India. The main destination of Animal or vegetable fats, oils, & waxes exports from India are: China ($698M), United States ($309M), Netherlands ($223M), Malaysia ($163M), and France ($134M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of India between 2021 and 2022 were Malaysia ($115M), United States ($52.8M), and Netherlands ($39.6M).

Imports In 2022, India imported $22.3B in Animal or vegetable fats, oils, & waxes, becoming the 1st largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 7th most imported product in India. India imports Animal or vegetable fats, oils, & waxes primarily from: Indonesia ($6B), Malaysia ($4.05B), Argentina ($3.79B), Brazil ($2.37B), and Thailand ($1.15B).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for India between 2021 and 2022 were Indonesia ($1.95B), Brazil ($1.58B), and Russia ($597M).

COMPANIES In 2023, leading companies such as At Home Procurement (3), TE Connectivity (2), and Teknor Apex (2) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from India to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.52B
IMPORTS (2022)$22.3B
NET TRADE (2022)-$19.8B

In 2022, India exported $2.52B in Animal or vegetable fats, oils, & waxes. The main destinations of India exports on Animal or vegetable fats, oils, & waxes were China ($698M), United States ($309M), Netherlands ($223M), Malaysia ($163M), and France ($134M).

In 2022, India imported $22.3B in Animal or vegetable fats, oils, & waxes, mainly from Indonesia ($6B), Malaysia ($4.05B), Argentina ($3.79B), Brazil ($2.37B), and Thailand ($1.15B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR India WERE (2021 - 2022):
Malaysia$115M (240%)
United States$52.8M (20.6%)
Netherlands$39.6M (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY India WERE (2021 - 2022):
Nigeria-$98.7M (-90.6%)
China-$41.2M (-5.58%)
Bangladesh-$15.2M (-75.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, India's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $114M
TOP IMPORT POTENTIALNepal+ $209M

Animal or vegetable fats, oils, & waxes’s highest export potential is China. With an export gap of $114M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Nepal with an import gap of $209M.

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