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Fats and oils and their fractions of fish or marine mammals; whether or not refined, but not chemically modified

1504 (Harmonized System 1992 for 4-digit)

2023
World Trade $4.25BRnk 587 / 1217
2023
Top Exporter | Top Importer $459M | $890MChile | Norway
2023
Product Complexity -1.88Rnk 1001 / 1044
2022 - 2023
Export Growth (CAGR) 35.4%Rnk 24 / 1217
2023
Share of World Trade 0.019%Rnk 587 / 1217

About

Overview This page contains the latest trade data of Fish oil. In 2023, Fish oil were the world's 587th most traded product, with a total trade of $4.25B. Between 2022 and 2023 the exports of Fish oil grew by 35.4%, from $3.14B to $4.25B. Trade in Fish oil represent 0.019% of total world trade.

Fish oil are a part of Animal or vegetable fats, oils, & waxes. They include Fish Oils (excl. Liver, Not Chemically Modified), Fish-Liver Oils (Not Chemically Modified), and Marine mammal fats, oils, etc. not chemically modifie.

Exports In 2023 the top exporters of Fish oil  were Chile ($459M), Denmark ($335M), Norway ($333M), China ($309M), and Peru ($256M).

Imports In 2023 the top importers of Fish oil were Norway ($890M), Chile ($342M), Denmark ($318M), United States ($271M), and China ($251M).

Ranking Fish oil ranks 1001st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Fish oil. 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)Chile$459M
Top Destination (2023)Norway$890M

In 2023 Fish oil were the world's 587th most traded product (out of 1,217).

In 2023, the top exporters of Fish oil were Chile ($459M), Denmark ($335M), Norway ($333M), China ($309M), and Peru ($256M).

In 2023, the top importers of Fish oil were Norway ($890M), Chile ($342M), Denmark ($318M), United States ($271M), and China ($251M).

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Exporters of Fish oil (2023)
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Importers of Fish oil (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Chile$197M
Top Destination Growth (2022 -  2023)Norway$348M

Between 2022 and 2023, the exports of Fish oil grew the fastest in Chile ($197M), China ($194M), Denmark ($169M), Mexico ($126M), and Vietnam ($116M).

Between 2022 and 2023, the fastest growing importers of Fish oil were Norway ($348M), Chile ($170M), Singapore ($85.8M), Denmark ($72.5M), and United States ($63.4M).

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Exporters of Fish oil (2022 - 2023)

Importers of Fish oil (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Fish oil.

In 2023, market concentration measured using Shannon Entropy, was 4.73. This means that most of the exports of Fish oil are explained by 26 countries.

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Value of Exports in Fish oil

Net Trade

TOP NET EXPORTER (2023)Peru$233M
TOP NET IMPORTER (2023)Norway$557M

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

In 2023, the countries that had a largest trade value in exports than in imports of Fish oil were Peru ($233M), Mexico ($202M), Morocco ($202M), Iceland ($193M), and Vietnam ($181M).

In 2023, the countries that had a largest trade value in imports than in exports of Fish oil were Norway ($557M), Turkey ($173M), United Kingdom ($160M), Canada ($143M), and Singapore ($123M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Fish oil, disaggragated by their HS6 level were Fish Oils (excl. Liver, Not Chemically... ($4B), Fish-Liver Oils (Not Chemically Modified) ($247M), and Marine mammal fats, oils, etc. not... ($4.82M)

HS6 Disaggregation for Fish oil (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 Fish oil.
It is possible to select the main countries that export or import Fish oil in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Fish oil by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $2.04M
TOP IMPORT POTENTIALGermany+ $1.65M

Fish oil’s highest export potential is Germany. With an export gap of $2.04M.  Fish oil’s highest import potential is Germany with an import gap of $1.65M.

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 Fish oil.

Country by Relatedness

The following visualization shows the relatedness of Fish oil 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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