Seed Oils in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $30.4M in Seed Oils, making it the 37th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 1004th most exported product in China. The main destination of Seed Oils exports from China are: Malaysia ($19.6M), Thailand ($3.06M), Singapore ($2.28M), South Korea ($1.8M), and United Arab Emirates ($786k).

The fastest growing export markets for Seed Oils of China between 2021 and 2022 were Malaysia ($14M), South Korea ($1.77M), and Singapore ($676k).

Imports In 2022, China imported $764M in Seed Oils, becoming the 9th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 266th most imported product in China. China imports Seed Oils primarily from: Ukraine ($340M), Russia ($305M), Kazakhstan ($103M), United Arab Emirates ($5.62M), and Turkey ($2.08M).

The fastest growing import markets in Seed Oils for China between 2021 and 2022 were Kazakhstan ($95.5M), United Arab Emirates ($4.63M), and Poland ($1.22M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Seed Oils from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Seed Oils exports accounted up to $1.31M and imports accounted up to $120M, resulting in a negative trade balance of $119M. Between February 2023 and February 2024 the exports of China's Seed Oils have decreased by $-93.8k (-6.68%) from $1.4M to $1.31M, while imports decreased by $-4.42M (-3.54%) from $125M to $120M.

Destinations In February 2024, Seed Oils were exported mostly to South Korea ($666k), Thailand ($295k), Singapore ($157k), Malaysia ($146k), and Indonesia ($25.3k), and were imported mostly from Russia ($79.4M), Ukraine ($28M), Kazakhstan ($10.4M), Bulgaria ($2.56M), and Spain ($26.9k).

Growth In February 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-648k or -47.3%) and Hong Kong ($-11.1k or -53.6%). In February 2024, the decrease in Seed Oils's year-by-year imports was explained primarily by a decrease in imports from Ukraine ($-62M or -57.6%), Turkey ($-1.09M or -83.2%), and Spain ($-24.2k or -11.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-93.8k(-6.68%)

IMPORT GROWTH (February 2023 - February 2024)$-4.42M(-3.54%)

MAIN EXPORTER (February 2024)Liaoning Province$756k

MAIN DESTINATION (February 2024)South Korea$666k

This section shows Seed 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 Seed Oils over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$30.4M

IMPORTS (2022)$764M

NET TRADE (2022)-$733M

In 2022, China exported $30.4M in Seed Oils. The main destinations of China exports on Seed Oils were Malaysia ($19.6M), Thailand ($3.06M), Singapore ($2.28M), South Korea ($1.8M), and United Arab Emirates ($786k).

In 2022, China imported $764M in Seed Oils, mainly from Ukraine ($340M), Russia ($305M), Kazakhstan ($103M), United Arab Emirates ($5.62M), and Turkey ($2.08M).

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