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2023
Exports $186MWorld Rnk 9 / 187
Flag Rnk 771 / 1215
2023
Destination $3.72M United States
2022 - 2023
FASTEST GROWING MARKET $3.72MGermany
2023
PRODUCT COMPLEXITY IN Other Pure Vegetable Oils-1.06Rnk 848 / 1025
2023
Imports $649MWorld Rnk 2 / 223
Flag Rnk 294 / 1214
2023
Origin $3.13M India
2022 - 2023
FASTEST GROWING ORIGIN $3.13MUnited States
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $186M in Other Pure Vegetable Oils, making it the 9th largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 771st most exported product in China. The main destination of Other Pure Vegetable Oils exports from China are: United States ($22.4M), Japan ($16M), Netherlands ($12.8M), Switzerland ($11.9M), and Australia ($11.5M).

The fastest growing export markets for Other Pure Vegetable Oils of China between 2022 and 2023 were Germany ($3.72M), New Zealand ($2.45M), and Switzerland ($2.23M).

Imports In 2023, China imported $649M in Other Pure Vegetable Oils, becoming the 2nd largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 294th most imported product in China. China imports Other Pure Vegetable Oils primarily from: India ($504M), Australia ($54.7M), United States ($14.3M), France ($12.4M), and Russia ($12.1M).

The fastest growing import markets in Other Pure Vegetable Oils for China between 2022 and 2023 were United States ($3.13M), Bangladesh ($1.81M), and Spain ($941k).

Latest Trends

December 2024

About

Overview In December 2024 China's Other Pure Vegetable Oils exports accounted up to $20.6M and imports accounted up to $50.1M, resulting in a negative trade balance of $29.5M. Between December 2023 and December 2024 the exports of China's   Other Pure Vegetable Oils have increased by $4.39M (27.1%) from $16.2M to $20.6M, while imports increased by $9.76M (24.2%) from $40.3M to $50.1M.

Destinations In December 2024, Other Pure Vegetable Oils were exported mostly to United States ($3.99M), Netherlands ($2.84M), Belgium ($2.41M), Australia ($1.78M), and Hong Kong ($1.66M), and were imported mostly from India ($37.9M), United States ($3.59M), Australia ($2.04M), France ($1.42M), and Spain ($817k).

Growth In December 2024, the increase in Other Pure Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to Malaysia ($824k or 1.42k%), Italy ($506k or 1.06k%), and Philippines ($485k or 40.5k%). In December 2024, the increase in Other Pure Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from India ($7.26M or 17.2%), Australia ($2.17M or 131%), and New Zealand ($1.05M or 1.41k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$4.39M(27.1%)
IMPORT GROWTH (December 2023 - December 2024)$9.76M(24.2%)
MAIN EXPORTER (December 2024)Liaoning Province$4.55M
MAIN DESTINATION (December 2024)United States$3.99M

This section shows Other Pure Vegetable 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 Other Pure Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$186M
IMPORTS (2023)$649M
NET TRADE (2023)-$463M

In 2023, China exported $186M in Other Pure Vegetable Oils. The main destinations of China exports on Other Pure Vegetable Oils were United States ($22.4M), Japan ($16M), Netherlands ($12.8M), Switzerland ($11.9M), and Australia ($11.5M).

In 2023, China imported $649M in Other Pure Vegetable Oils, mainly from India ($504M), Australia ($54.7M), United States ($14.3M), France ($12.4M), and Russia ($12.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Pure Vegetable Oils EXPORT MARKETS FOR China WERE (2022 - 2023):
Germany$3.72M (66.6%)
New Zealand$2.45M (57.6%)
Switzerland$2.23M (23.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Pure Vegetable Oils BY China WERE (2022 - 2023):
United States-$10.4M (-31.7%)
United Arab Emirates-$10.3M (-79.7%)
Australia-$8.76M (-43.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Other Pure Vegetable Oils were:
India $1.17B
United States $491M
Mexico $396M
In 2023, China's main importing competitors in Other Pure Vegetable Oils were:
United States $929M
France $391M

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Trade Value of Other Pure Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.1M
TOP IMPORT POTENTIALIndia+ $84.2M

Other Pure Vegetable Oils’s highest export potential is United States. With an export gap of $12.1M.   Other Pure Vegetable Oils’s highest import potential is India with an import gap of $84.2M.

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