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2022
Exports $30.4MWorld Rnk 37 / 152
Flag Rnk 1004 / 1216
2022
Destination $14M Malaysia
2021 - 2022
FASTEST GROWING MARKET $14MMalaysia
2022
PRODUCT COMPLEXITY IN Seed Oils-0.99Rnk 836 / 1025
2022
Imports $764MWorld Rnk 9 / 211
Flag Rnk 266 / 1212
2022
Origin $95.5M Ukraine
2021 - 2022
FASTEST GROWING ORIGIN $95.5MKazakhstan
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

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).

Latest Trends

October 2024

About

Overview In October 2024 China's Seed Oils exports accounted up to $1.55M and imports accounted up to $69.8M, resulting in a negative trade balance of $68.3M. Between October 2023 and October 2024 the exports of China's   Seed Oils have increased by $451k (40.8%) from $1.1M to $1.55M, while imports decreased by $-19.9M (-22.2%) from $89.7M to $69.8M.

Destinations In October 2024, Seed Oils were exported mostly to Malaysia ($984k), Thailand ($343k), Australia ($114k), United States ($43.1k), and Burma ($24.1k), and were imported mostly from Russia ($46.5M), Ukraine ($18.2M), Bulgaria ($2.75M), Kazakhstan ($2.19M), and Turkey ($126k).

Growth In October 2024, the increase in Seed Oils's year-by-year exports was explained primarily by an increase in exports to Thailand ($329k or 132%) and Australia ($72.6k or 9.84k%). In October 2024, the decrease in Seed Oils's year-by-year imports was explained primarily by a decrease in imports from Ukraine ($-62M or -57.6%), Turkey ($-1.09M or -83.2%), and Spain ($-24.2k or -11.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$451k(40.8%)
IMPORT GROWTH (October 2023 - October 2024)$-19.9M(-22.2%)
MAIN EXPORTER (October 2024)Shandong Province$1.69M
MAIN DESTINATION (October 2024)Malaysia$984k

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$14M (255%)
South Korea$1.77M (6.28k%)
Singapore$676k (42.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY China WERE (2021 - 2022):
United Arab Emirates-$1.07M (-57.7%)
Ethiopia-$1.04M (-99.8%)
Burma-$144k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, China's main importing competitors in Seed Oils were:
India $2.88B
Turkey $1.84B
Netherlands $1.26B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.2M
TOP IMPORT POTENTIALRussia+ $91.3M

Seed Oils’s highest export potential is United States. With an export gap of $1.2M.   Seed Oils’s highest import potential is Russia with an import gap of $91.3M.

See methodology.

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