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382311 (Harmonized System 1996 for 6-digit)

2022
World Trade $1.93BRnk 1561 / 4769
2022
Top Exporter | Top Importer $932M | $467MIndonesia | China
2022
Product Complexity -0.6Rnk 3454 / 4776
2021 - 2022
Export Growth (CAGR) 15.7%Rnk 1094 / 4769
2022
Share of World Trade 0.0081%Rnk 1561 / 4769

About

Overview This page contains the latest trade data of Industrial Oils: Stearic acid type. In 2022, Industrial Oils: Stearic acid type were the world's 1561st most traded product, with a total trade of $1.93B. Between 2021 and 2022 the exports of Industrial Oils: Stearic acid type grew by 15.7%, from $1.67B to $1.93B. Trade in Industrial Oils: Stearic acid type represent 0.0081% of total world trade.

Industrial Oils: Stearic acid type are a part of Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols.

Exports In 2022 the top exporters of Industrial Oils: Stearic acid type  were Indonesia ($932M), Malaysia ($516M), Netherlands ($103M), Germany ($61.7M), and Sweden ($61.1M).

Imports In 2022 the top importers of Industrial Oils: Stearic acid type were China ($467M), Netherlands ($121M), Turkey ($105M), South Korea ($103M), and United States ($94.7M).

Ranking Industrial Oils: Stearic acid type ranks 3454th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Industrial Oils: Stearic acid type. 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$932M
Top Destination (2022)China$467M

In 2022 Industrial Oils: Stearic acid type were the world's 1561st most traded product (out of 4,769).

In 2022, the top exporters of Industrial Oils: Stearic acid type were Indonesia ($932M), Malaysia ($516M), Netherlands ($103M), Germany ($61.7M), and Sweden ($61.1M).

In 2022, the top importers of Industrial Oils: Stearic acid type were China ($467M), Netherlands ($121M), Turkey ($105M), South Korea ($103M), and United States ($94.7M).

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Exporters of Industrial Oils: Stearic acid type (2022)
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Importers of Industrial Oils: Stearic acid type (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$117M
Top Destination Growth (2021 -  2022)China$60.3M

Between 2021 and 2022, the exports of Industrial Oils: Stearic acid type grew the fastest in Indonesia ($117M), Malaysia ($84M), China ($19M), Netherlands ($16.4M), and Brazil ($9.71M).

Between 2021 and 2022, the fastest growing importers of Industrial Oils: Stearic acid type were China ($60.3M), United States ($39.4M), Netherlands ($28M), Malaysia ($13.8M), and Iran ($13M).

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Exporters of Industrial Oils: Stearic acid type (2021 - 2022)

Importers of Industrial Oils: Stearic acid type (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial Oils: Stearic acid type.

In 2022, market concentration measured using Shannon Entropy, was 2.45. This means that most of the exports of Industrial Oils: Stearic acid type are explained by 5 countries.

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Value of Exports in Industrial Oils: Stearic acid type

Net Trade

TOP NET EXPORTER (2022)Indonesia$925M
TOP NET IMPORTER (2022)China$427M

This map shows which countries export or import more of Industrial Oils: Stearic acid type. Each country is colored based on the difference in exports and imports of Industrial Oils: Stearic acid type during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Industrial Oils: Stearic acid type were Indonesia ($925M), Malaysia ($494M), Sweden ($56.4M), Argentina ($14.6M), and Italy ($8.05M).

In 2022, the countries that had a largest trade value in imports than in exports of Industrial Oils: Stearic acid type were China ($427M), Turkey ($102M), South Korea ($99.2M), Mexico ($64.1M), and Thailand ($62.8M).

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 Industrial Oils: Stearic acid type.
It is possible to select the main countries that export or import Industrial Oils: Stearic acid type in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial Oils: Stearic acid type 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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