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2022
Exports $2.4BWorld Rnk 1 / 141
Flag Rnk 264 / 1216
2022
Destination $307M Spain
2021 - 2022
FASTEST GROWING MARKET $307MNetherlands
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils-0.34Rnk 660 / 1025
2022
Imports $36.6MWorld Rnk 29 / 186
Flag Rnk 836 / 1212
2022
Origin $2.87M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $2.87MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.4B in Inedible Fats and Oils, making it the 1st largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 264th most exported product in China. The main destination of Inedible Fats and Oils exports from China are: Spain ($656M), Netherlands ($515M), Singapore ($467M), Romania ($148M), and Malaysia ($138M).

The fastest growing export markets for Inedible Fats and Oils of China between 2021 and 2022 were Netherlands ($307M), Singapore ($212M), and Spain ($157M).

Imports In 2022, China imported $36.6M in Inedible Fats and Oils, becoming the 29th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 836th most imported product in China. China imports Inedible Fats and Oils primarily from: Malaysia ($14.2M), United States ($10.9M), Indonesia ($4.85M), Japan ($1.88M), and Chinese Taipei ($1.05M).

The fastest growing import markets in Inedible Fats and Oils for China between 2021 and 2022 were United States ($2.87M), Malaysia ($871k), and Japan ($435k).

Latest Trends

July 2024

About

Overview In July 2024 China's Inedible Fats and Oils exports accounted up to $160M and imports accounted up to $1.75M, resulting in a positive trade balance of $158M. Between July 2023 and July 2024 the exports of China's   Inedible Fats and Oils have increased by $3.33M (2.13%) from $156M to $160M, while imports decreased by $-208k (-10.6%) from $1.95M to $1.75M.

Destinations In July 2024, Inedible Fats and Oils were exported mostly to United States ($86.3M), Singapore ($33.3M), Indonesia ($11.7M), Italy ($8.63M), and France ($6.03M), and were imported mostly from United States ($546k), Malaysia ($427k), Australia ($225k), Thailand ($150k), and Chinese Taipei ($80.2k).

Growth In July 2024, the increase in Inedible Fats and Oils's year-by-year exports was explained primarily by an increase in exports to Indonesia ($25.1M or 4.44k%), Belgium ($9.66M or 26.7k%), and Germany ($2.31M or 48.2%). In July 2024, the decrease in Inedible Fats and Oils's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-2.25M or -83.4%), Malaysia ($-756k or -56.4%), and Sweden ($-472k or -81.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$3.33M(2.13%)
IMPORT GROWTH (July 2023 - July 2024)$-208k(-10.6%)
MAIN EXPORTER (July 2024)Shanghai Province$112M
MAIN DESTINATION (July 2024)United States$86.3M

This section shows Inedible Fats and Oils's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Inedible Fats and Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.4B
IMPORTS (2022)$36.6M
NET TRADE (2022)$2.36B

In 2022, China exported $2.4B in Inedible Fats and Oils. The main destinations of China exports on Inedible Fats and Oils were Spain ($656M), Netherlands ($515M), Singapore ($467M), Romania ($148M), and Malaysia ($138M).

In 2022, China imported $36.6M in Inedible Fats and Oils, mainly from Malaysia ($14.2M), United States ($10.9M), Indonesia ($4.85M), Japan ($1.88M), and Chinese Taipei ($1.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR China WERE (2021 - 2022):
Netherlands$307M (147%)
Singapore$212M (83.2%)
Spain$157M (31.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY China WERE (2021 - 2022):
South Korea-$18.5M (-35.1%)
Hong Kong-$14.1M (-64.7%)
Finland-$878k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Inedible Fats and Oils were:
Netherlands $1.68B
Malaysia $942M
In 2022, China's main importing competitors in Inedible Fats and Oils were:
Netherlands $2.47B
Singapore $1.19B
Spain $1.03B

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $29.7M
TOP IMPORT POTENTIALMalaysia+ $6.73M

Inedible Fats and Oils’s highest export potential is Germany. With an export gap of $29.7M.   Inedible Fats and Oils’s highest import potential is Malaysia with an import gap of $6.73M.

See methodology.

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