2023
Exports
$3.51BWorld Rnk 2 / 150
Flag Rnk 15 / 1200
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$949kWorld Rnk 151 / 216
Flag Rnk 1019 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $3.51B in Seed Oils, making it the 2nd largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 15th most exported product in Russia. The main destination of Seed Oils exports from Russia are: India ($1.07B), China ($922M), Turkey ($492M), Egypt ($393M), and Uzbekistan ($173M).

The fastest growing export markets for Seed Oils of Russia between 2022 and 2023 were China ($587M), India ($269M), and Egypt ($105M).

Imports In 2023, Russia imported $949k in Seed Oils, becoming the 151st largest importer of Seed Oils in the world. At the same year, Seed Oils was the 1019th most imported product in Russia. Russia imports Seed Oils primarily from: Turkey ($480k), Poland ($231k), Kazakhstan ($105k), Portugal ($47.6k), and Latvia ($29.8k).

The fastest growing import markets in Seed Oils for Russia between 2022 and 2023 were Turkey ($478k), Poland ($177k), and Portugal ($47.6k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$3.51B
IMPORTS (2023)$949k
NET TRADE (2023)$3.51B

In 2023, Russia exported $3.51B in Seed Oils. The main destinations of Russia exports on Seed Oils were India ($1.07B), China ($922M), Turkey ($492M), Egypt ($393M), and Uzbekistan ($173M).

In 2023, Russia imported $949k in Seed Oils, mainly from Turkey ($480k), Poland ($231k), Kazakhstan ($105k), Portugal ($47.6k), and Latvia ($29.8k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Russia WERE (2022 - 2023):
China$587M (175%)
India$269M (33.5%)
Egypt$105M (36.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Russia WERE (2022 - 2023):
Turkey-$696M (-58.6%)
Netherlands-$60M (-100%)
Iran-$42.3M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Russia's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Turkey $1.38B
In 2023, Russia's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

Explore Visualizations

Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $91.3M
TOP IMPORT POTENTIALKazakhstan+ $330k

Seed Oils’s highest export potential is China. With an export gap of $91.3M.   Seed Oils’s highest import potential is Kazakhstan with an import gap of $330k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with