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Degras; residues resulting from the treatment of fatty substances or animal or vegetable waxes

1522 (Harmonized System 1992 for 4-digit)

2022
World Trade $442MRnk 1068 / 1218
2022
Top Exporter | Top Importer $153M | $180MIndonesia | Spain
2021 - 2022
Export Growth (CAGR) 153%Rnk 4 / 1218
2022
Share of World Trade 0.0019%Rnk 1068 / 1218

About

Overview This page contains the latest trade data of Fat and Oil Residues. In 2022, Fat and Oil Residues were the world's 1068th most traded product, with a total trade of $442M. Between 2021 and 2022 the exports of Fat and Oil Residues grew by 153%, from $175M to $442M. Trade in Fat and Oil Residues represent 0.0019% of total world trade.

Fat and Oil Residues are a part of Animal or vegetable fats, oils, & waxes. They include Degras, residues from treatment animal & veg waxes.

Exports In 2022 the top exporters of Fat and Oil Residues  were Indonesia ($153M), Malaysia ($75.1M), Spain ($33M), Germany ($26.3M), and Romania ($22.9M).

Imports In 2022 the top importers of Fat and Oil Residues were Spain ($180M), Italy ($46.7M), Netherlands ($43.3M), France ($26.1M), and Denmark ($20.2M).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Fat and Oil Residues. 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)Indonesia$153M
Top Destination (2022)Spain$180M

In 2022 Fat and Oil Residues were the world's 1068th most traded product (out of 1,218).

In 2022, the top exporters of Fat and Oil Residues were Indonesia ($153M), Malaysia ($75.1M), Spain ($33M), Germany ($26.3M), and Romania ($22.9M).

In 2022, the top importers of Fat and Oil Residues were Spain ($180M), Italy ($46.7M), Netherlands ($43.3M), France ($26.1M), and Denmark ($20.2M).

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Exporters of Fat and Oil Residues (2022)
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Importers of Fat and Oil Residues (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$130M
Top Destination Growth (2021 -  2022)Spain$154M

Between 2021 and 2022, the exports of Fat and Oil Residues grew the fastest in Indonesia ($130M), Malaysia ($59.6M), Spain ($27.3M), Romania ($9.98M), and Belgium ($6.97M).

Between 2021 and 2022, the fastest growing importers of Fat and Oil Residues were Spain ($154M), Italy ($30.4M), Netherlands ($21.4M), South Korea ($13.7M), and Hungary ($9.66M).

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Exporters of Fat and Oil Residues (2021 - 2022)

Importers of Fat and Oil Residues (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Fat and Oil Residues.

In 2022, market concentration measured using Shannon Entropy, was 3.45. This means that most of the exports of Fat and Oil Residues are explained by 10 countries.

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Value of Exports in Fat and Oil Residues

Net Trade

TOP NET EXPORTER (2022)Indonesia$151M
TOP NET IMPORTER (2022)Spain$147M

This map shows which countries export or import more of Fat and Oil Residues. Each country is colored based on the difference in exports and imports of Fat and Oil Residues during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Fat and Oil Residues were Indonesia ($151M), Malaysia ($71.1M), Germany ($24.2M), Romania ($22.2M), and Belgium ($10.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Fat and Oil Residues were Spain ($147M), Netherlands ($29.2M), Italy ($24M), Denmark ($19.8M), and Hungary ($19.6M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Fat and Oil Residues by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALMalaysia+ $688k
TOP IMPORT POTENTIALMalaysia+ $237k

Fat and Oil Residues’s highest export potential is Malaysia. With an export gap of $688k.  Fat and Oil Residues’s highest import potential is Malaysia with an import gap of $237k.

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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 (2022)

Country by Relatedness

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

Relative Relatedness by Country (2022)

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