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2022
Exports $905MWorld Rnk 2 / 186
Flag Rnk 274 / 1217
2022
Destination $192M Kuwait
2021 - 2022
FASTEST GROWING MARKET $192MKuwait
2022
PRODUCT COMPLEXITY IN Other Pure Vegetable Oils-0.9Rnk 810 / 1025
2022
Imports $868MWorld Rnk 1 / 221
Flag Rnk 431 / 1216
2022
Origin $44M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $44MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $905M in Other Pure Vegetable Oils, making it the 2nd largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 274th most exported product in United States. The main destination of Other Pure Vegetable Oils exports from United States are: Kuwait ($315M), Canada ($72.5M), Singapore ($60M), Saudi Arabia ($59.9M), and Yemen ($48M).

The fastest growing export markets for Other Pure Vegetable Oils of United States between 2021 and 2022 were Kuwait ($192M), Singapore ($49.5M), and Yemen ($26.7M).

Imports In 2022, United States imported $868M in Other Pure Vegetable Oils, becoming the 1st largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 431st most imported product in United States. United States imports Other Pure Vegetable Oils primarily from: Mexico ($227M), India ($142M), Canada ($92.8M), Spain ($84.9M), and Italy ($64.4M).

The fastest growing import markets in Other Pure Vegetable Oils for United States between 2021 and 2022 were Mexico ($44M), Canada ($30.6M), and Italy ($20.2M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (53), Givaudan Fragrances (5), and L'Oreal (3) were at the forefront of shipping Other Pure Vegetable Oils to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Other Pure Vegetable Oils exports accounted up to $57.1M and imports accounted up to $89.5M, resulting in a negative trade balance of $32.4M. Between September 2023 and September 2024 the exports of United States'   Other Pure Vegetable Oils have increased by $34M (148%) from $23.1M to $57.1M, while imports increased by $16.6M (22.8%) from $72.9M to $89.5M.

Destinations In September 2024, Other Pure Vegetable Oils were exported mostly to Kuwait ($8.98M), Djibouti ($6.81M), Canada ($6.75M), Yemen ($6.41M), and Saudi Arabia ($4.9M), and were imported mostly from Mexico ($38.1M), Italy ($11.4M), Spain ($6.48M), India ($5.59M), and Canada ($4.83M).

Growth In September 2024, the increase in Other Pure Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to Chile ($1.85M or 5.41k%), Canada ($469k or 6.99%), and Japan ($452k or 164%). In September 2024, the increase in Other Pure Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from Canada ($3.65M or 113%), Mexico ($3.32M or 20.4%), and Brazil ($1.17M or 524%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$34M(148%)
IMPORT GROWTH (September 2023 - September 2024)$16.6M(22.8%)
MAIN EXPORTER (September 2024)Louisiana$21.9M
MAIN DESTINATION (September 2024)Kuwait$8.98M

This section shows Other Pure Vegetable Oils's exports and imports data at subnational level for United States. 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 (2022)$905M
IMPORTS (2022)$868M
NET TRADE (2022)$37.5M

In 2022, United States exported $905M in Other Pure Vegetable Oils. The main destinations of United States exports on Other Pure Vegetable Oils were Kuwait ($315M), Canada ($72.5M), Singapore ($60M), Saudi Arabia ($59.9M), and Yemen ($48M).

In 2022, United States imported $868M in Other Pure Vegetable Oils, mainly from Mexico ($227M), India ($142M), Canada ($92.8M), Spain ($84.9M), and Italy ($64.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Pure Vegetable Oils EXPORT MARKETS FOR United States WERE (2021 - 2022):
Kuwait$192M (156%)
Singapore$49.5M (472%)
Yemen$26.7M (125%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Pure Vegetable Oils BY United States WERE (2021 - 2022):
Egypt-$39.2M (-84.6%)
Netherlands-$32.6M (-71.9%)
Saudi Arabia-$18M (-23.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Other Pure Vegetable Oils were:
India $1.28B
Mexico $308M
In 2022, United States's main importing competitors in Other Pure Vegetable Oils were:
China $620M
Kuwait $416M

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Trade Value of Other Pure Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12.1M
TOP IMPORT POTENTIALIndia+ $47.7M

Other Pure Vegetable Oils’s highest export potential is China. With an export gap of $12.1M.   Other Pure Vegetable Oils’s highest import potential is India with an import gap of $47.7M.

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