2022
Exports
$5.59MWorld Rnk 62 / 152
Flag Rnk 592 / 1208
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$160MWorld Rnk 27 / 211
Flag Rnk 273 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $5.59M in Seed Oils, making it the 62nd largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 592nd most exported product in Australia. The main destination of Seed Oils exports from Australia are: New Zealand ($1.69M), United States ($1.03M), Germany ($897k), Australia ($444k), and Switzerland ($430k).

The fastest growing export markets for Seed Oils of Australia between 2021 and 2022 were New Zealand ($1.22M), United States ($952k), and Germany ($897k).

Imports In 2018, Australia imported $160M in Seed Oils, becoming the 27th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 273rd most imported product in Australia. Australia imports Seed Oils primarily from: Argentina ($84.7M), Malaysia ($45.8M), Turkey ($8.29M), Brazil ($6M), and Ukraine ($5.35M).

The fastest growing import markets in Seed Oils for Australia between 2021 and 2022 were Argentina ($64.9M), Malaysia ($6M), and Brazil ($4.1M).

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 Seed Oils. 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)$5.59M
IMPORTS (2022)$160M
NET TRADE (2022)-$154M

In 2022, Australia exported $5.59M in Seed Oils. The main destinations of Australia exports on Seed Oils were New Zealand ($1.69M), United States ($1.03M), Germany ($897k), Australia ($444k), and Switzerland ($430k).

In 2022, Australia imported $160M in Seed Oils, mainly from Argentina ($84.7M), Malaysia ($45.8M), Turkey ($8.29M), Brazil ($6M), and Ukraine ($5.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Australia WERE (2021 - 2022):
New Zealand$1.22M (259%)
United States$952k (1.28k%)
Germany$897k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Australia WERE (2021 - 2022):
Tanzania-$1.41M (-100%)
Malaysia-$477k (-78.1%)
Kenya-$391k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Australia's main importing competitors in Seed Oils were:

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $549k
TOP IMPORT POTENTIALUkraine+ $6.09M

Seed Oils’s highest export potential is United States. With an export gap of $549k.   Seed Oils’s highest import potential is Ukraine with an import gap of $6.09M.

See methodology.

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