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Oils; essential (concretes, absolutes); concentrates thereof in fats, fixed oils, waxes or the like (obtained by enfleurage or maceration); aqueous distillates, solutions and terpenic by-products thereof; resinoids; extracted oleoresins

3301 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.57BRnk 504 / 1217
2023
Top Exporter | Top Importer $743M | $1.12BUnited States | United States
2023
Product Complexity -1.15Rnk 894 / 1044
2022 - 2023
Export Growth (CAGR) -3.51%Rnk 517 / 1217
2023
Share of World Trade 0.025%Rnk 504 / 1217

About

Overview This page contains the latest trade data of Essential Oils. In 2023, Essential Oils were the world's 504th most traded product, with a total trade of $5.57B. Between 2022 and 2023 the exports of Essential Oils decreased by -3.51%, from $5.77B to $5.57B. Trade in Essential Oils represent 0.025% of total world trade.

Essential Oils are a part of Perfumery & cosmetics. They include Essential oils, nes, Essential oils, terpenic by-products etc., nes, Essential oils of lemon, Essential oils of orange, Essential oils of citrus fruits, nes, Essential oils of other mints, Essential oils of peppermint, Resinoids, Essential oils of lime, and Essential oils of lavender or of lavandin, among others.

Exports In 2023 the top exporters of Essential Oils  were United States ($743M), India ($657M), France ($457M), Brazil ($444M), and China ($353M).

Imports In 2023 the top importers of Essential Oils were United States ($1.12B), France ($430M), Ireland ($354M), China ($311M), and Germany ($295M).

Ranking Essential Oils ranks 894th in the Product Complexity Index (PCI).

Description Essential oils are used in many industries including health, beauty, and food. They are used as a fragrance in perfumes, soaps, detergents, and candles. Essential oils are also used for their medicinal purposes such as treatment of stress, insomnia, depression, and anxiety. Essential oils are also used in food for flavoring and preservation.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Essential Oils. 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 (2023)United States$743M
Top Destination (2023)United States$1.12B

In 2023 Essential Oils were the world's 504th most traded product (out of 1,217).

In 2023, the top exporters of Essential Oils were United States ($743M), India ($657M), France ($457M), Brazil ($444M), and China ($353M).

In 2023, the top importers of Essential Oils were United States ($1.12B), France ($430M), Ireland ($354M), China ($311M), and Germany ($295M).

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Exporters of Essential Oils (2023)
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Importers of Essential Oils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$100M
Top Destination Growth (2022 -  2023)Ireland$95M

Between 2022 and 2023, the exports of Essential Oils grew the fastest in Mexico ($100M), France ($61.4M), Peru ($36.6M), Italy ($27.7M), and United States ($26.5M).

Between 2022 and 2023, the fastest growing importers of Essential Oils were Ireland ($95M), Netherlands ($36.5M), India ($25.8M), China ($18.7M), and Norway ($13.8M).

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Exporters of Essential Oils (2022 - 2023)

Importers of Essential Oils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Essential Oils.

In 2023, market concentration measured using Shannon Entropy, was 4.71. This means that most of the exports of Essential Oils are explained by 26 countries.

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Value of Exports in Essential Oils

Net Trade

TOP NET EXPORTER (2023)India$373M
TOP NET IMPORTER (2023)United States$378M

This map shows which countries export or import more of Essential Oils. Each country is colored based on the difference in exports and imports of Essential Oils during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Essential Oils were India ($373M), Brazil ($350M), Mexico ($184M), Argentina ($160M), and Italy ($103M).

In 2023, the countries that had a largest trade value in imports than in exports of Essential Oils were United States ($378M), Ireland ($298M), Netherlands ($220M), Japan ($148M), and Singapore ($105M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Essential Oils, disaggragated by their HS6 level were Essential oils, nes ($2.12B), Essential oils, terpenic by-products etc., nes ($955M), Essential oils of orange ($884M), Essential oils of citrus fruits, nes ($689M), and Essential oils of lemon ($435M)

HS6 Disaggregation for Essential Oils (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Essential Oils by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $50.9M
TOP IMPORT POTENTIALChina+ $12.6M

Essential Oils’s highest export potential is China. With an export gap of $50.9M.  Essential Oils’s highest import potential is China with an import gap of $12.6M.

See methodology.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Essential Oils.

Country by Relatedness

The following visualization shows the relatedness of Essential Oils to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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