2022
Exports
$209MWorld Rnk 12 / 113
Flag Rnk 100 / 1208
2022
PRODUCT COMPLEXITY IN Rapeseed Oil
0.26Rnk 466 / 1025
2022
Imports
$23.9MWorld Rnk 38 / 208
Flag Rnk 640 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $209M in Rapeseed Oil, making it the 12th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 100th most exported product in Australia. The main destination of Rapeseed Oil exports from Australia are: New Zealand ($43.2M), Chinese Taipei ($37.9M), United States ($34.6M), South Korea ($25.6M), and Malaysia ($19.8M).

The fastest growing export markets for Rapeseed Oil of Australia between 2021 and 2022 were United States ($23.7M), Chinese Taipei ($18.8M), and New Zealand ($13.6M).

Imports In 2022, Australia imported $23.9M in Rapeseed Oil, becoming the 38th largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 640th most imported product in Australia. Australia imports Rapeseed Oil primarily from: Malaysia ($20.2M), India ($2.11M), Italy ($279k), Bangladesh ($231k), and Fiji ($178k).

The fastest growing import markets in Rapeseed Oil for Australia between 2021 and 2022 were Malaysia ($6M), India ($855k), and Italy ($228k).

Latest Trends

Oct 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 Rapeseed Oil. 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)$209M
IMPORTS (2022)$23.9M
NET TRADE (2022)$185M

In 2022, Australia exported $209M in Rapeseed Oil. The main destinations of Australia exports on Rapeseed Oil were New Zealand ($43.2M), Chinese Taipei ($37.9M), United States ($34.6M), South Korea ($25.6M), and Malaysia ($19.8M).

In 2022, Australia imported $23.9M in Rapeseed Oil, mainly from Malaysia ($20.2M), India ($2.11M), Italy ($279k), Bangladesh ($231k), and Fiji ($178k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$23.7M (219%)
Chinese Taipei$18.8M (98.7%)
New Zealand$13.6M (46%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Australia WERE (2021 - 2022):
Japan-$5.43M (-66.5%)
Malaysia-$5.29M (-21%)
Vietnam-$2.02M (-34.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Rapeseed Oil were:
Canada $4.86B
Germany $1.77B
Russia $1.15B
In 2022, Australia's main importing competitors in Rapeseed Oil were:

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.7M
TOP IMPORT POTENTIALCanada+ $248k

Rapeseed Oil’s highest export potential is United States. With an export gap of $12.7M.   Rapeseed Oil’s highest import potential is Canada with an import gap of $248k.

See methodology.

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