2022
Exports
$342MWorld Rnk 5 / 153
Flag Rnk 653 / 1216
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.26Rnk 899 / 1025
2022
Imports
$786MWorld Rnk 1 / 214
Flag Rnk 262 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $342M in Other Vegetable Oils, making it the 5th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 653rd most exported product in China. The main destination of Other Vegetable Oils exports from China are: Netherlands ($203M), Belgium ($75.7M), United States ($13.1M), Italy ($8.95M), and United Kingdom ($8.12M).

The fastest growing export markets for Other Vegetable Oils of China between 2021 and 2022 were United Kingdom ($8.11M), Italy ($5.08M), and Japan ($2.03M).

Imports In 2022, China imported $786M in Other Vegetable Oils, becoming the 1st largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 262nd most imported product in China. China imports Other Vegetable Oils primarily from: Indonesia ($654M), Malaysia ($80.8M), Singapore ($20.2M), Germany ($5.74M), and Sweden ($4.75M).

The fastest growing import markets in Other Vegetable Oils for China between 2021 and 2022 were Indonesia ($347M), Singapore ($5.79M), and Malaysia ($4.89M).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-50.5M(-95.9%)
IMPORT GROWTH (October 2023 - October 2024)$-6.11M(-7.69%)
MAIN EXPORTER (October 2024)Jiangsu Province$85.9M
MAIN DESTINATION (October 2024)Italy$394k

This section shows Other 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 Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$342M
IMPORTS (2022)$786M
NET TRADE (2022)-$445M

In 2022, China exported $342M in Other Vegetable Oils. The main destinations of China exports on Other Vegetable Oils were Netherlands ($203M), Belgium ($75.7M), United States ($13.1M), Italy ($8.95M), and United Kingdom ($8.12M).

In 2022, China imported $786M in Other Vegetable Oils, mainly from Indonesia ($654M), Malaysia ($80.8M), Singapore ($20.2M), Germany ($5.74M), and Sweden ($4.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR China WERE (2021 - 2022):
United Kingdom$8.11M (128k%)
Italy$5.08M (131%)
Japan$2.03M (33.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY China WERE (2021 - 2022):
Belgium-$38.5M (-33.7%)
Netherlands-$29.1M (-12.5%)
United States-$3.96M (-23.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Other Vegetable Oils were:
In 2022, China's main importing competitors in Other Vegetable Oils were:

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.26M
TOP IMPORT POTENTIALMalaysia+ $32.8M

Other Vegetable Oils’s highest export potential is United States. With an export gap of $9.26M.   Other Vegetable Oils’s highest import potential is Malaysia with an import gap of $32.8M.

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