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151920 (Harmonized System 1992 for 6-digit)

2022
World Trade $4.04MRnk 4557 / 4648
2022
Top Exporter | Top Importer $2.75M | $4.02MThailand | Democratic Republic of the Congo
2022
Product Complexity 0.42Rnk 1783 / 4653
2021 - 2022
Export Growth (CAGR) -55.6%Rnk 4551 / 4648
2022
Share of World Trade <0.01%Rnk 4557 / 4648

About

Overview This page contains the latest trade data of Acid oils from refining. In 2022, Acid oils from refining were the world's 4557th most traded product, with a total trade of $4.04M. Between 2021 and 2022 the exports of Acid oils from refining decreased by -55.6%, from $9.1M to $4.04M. Trade in Acid oils from refining represent 0.000017% of total world trade.

Acid oils from refining are a part of Stearic Acid.

Exports In 2022 the top exporters of Acid oils from refining  were Thailand ($2.75M), United Kingdom ($804k), India ($246k), Indonesia ($77.4k), and Belgium ($67.7k).

Imports In 2022 the top importers of Acid oils from refining were Democratic Republic of the Congo ($4.02M), Trinidad and Tobago ($7.61k), Rwanda ($4.16k), Grenada ($308), and Aruba ($39).

Ranking Acid oils from refining ranks 1783rd in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Acid oils from refining. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Thailand$2.75M
Top Destination (2022)Democratic Republic of the Congo$4.02M

In 2022 Acid oils from refining were the world's 4557th most traded product (out of 4,648).

In 2022, the top exporters of Acid oils from refining were Thailand ($2.75M), United Kingdom ($804k), India ($246k), Indonesia ($77.4k), and Belgium ($67.7k).

In 2022, the top importers of Acid oils from refining were Democratic Republic of the Congo ($4.02M), Trinidad and Tobago ($7.61k), Rwanda ($4.16k), Grenada ($308), and Aruba ($39).

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Exporters of Acid oils from refining (2022)
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Importers of Acid oils from refining (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Belgium$44.9k
Top Destination Growth (2021 -  2022)Democratic Republic of the Congo$702k

Between 2021 and 2022, the exports of Acid oils from refining grew the fastest in Belgium ($44.9k), South Africa ($18.6k), and Rwanda ($3.63k).

Between 2021 and 2022, the fastest growing importers of Acid oils from refining were Democratic Republic of the Congo ($702k), Trinidad and Tobago ($4.18k), Rwanda ($2.85k), and Grenada ($63).

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Exporters of Acid oils from refining (2021 - 2022)

Importers of Acid oils from refining (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Acid oils from refining.

In 2022, market concentration measured using Shannon Entropy, was 1.45. This means that most of the exports of Acid oils from refining are explained by 2 countries.

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Value of Exports in Acid oils from refining

Net Trade

TOP NET EXPORTER (2022)Thailand$2.75M
TOP NET IMPORTER (2022)Rwanda$530

This map shows which countries export or import more of Acid oils from refining. Each country is colored based on the difference in exports and imports of Acid oils from refining during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Acid oils from refining were Thailand ($2.75M), United Kingdom ($804k), India ($246k), Indonesia ($77.4k), and Belgium ($67.7k).

In 2022, the countries that had a largest trade value in imports than in exports of Acid oils from refining were Rwanda ($530).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Acid oils from refining.
It is possible to select the main countries that export or import Acid oils from refining in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Acid oils from refining by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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