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Oil seeds; linseed, whether or not broken

1204 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.44BRnk 855 / 1217
2023
Top Exporter | Top Importer $646M | $566MRussia | China
2023
Product Complexity -1.43Rnk 949 / 1044
2022 - 2023
Export Growth (CAGR) -7.31%Rnk 654 / 1217
2023
Share of World Trade 0.0064%Rnk 855 / 1217

About

Overview This page contains the latest trade data of Linseed. In 2023, Linseed were the world's 855th most traded product, with a total trade of $1.44B. Between 2022 and 2023 the exports of Linseed decreased by -7.31%, from $1.56B to $1.44B. Trade in Linseed represent 0.0064% of total world trade.

Linseed are a part of Oils seeds, oleaginous fruits, grains, straw & fodder. They include Linseed.

Exports In 2023 the top exporters of Linseed  were Russia ($646M), Kazakhstan ($317M), Canada ($164M), Belgium ($81M), and Poland ($51.1M).

Imports In 2023 the top importers of Linseed were China ($566M), Belgium ($268M), United States ($121M), Germany ($81.3M), and Netherlands ($68.7M).

Ranking Linseed ranks 949th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Linseed. Countries are shown based on data availability.

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

Explore Latest Trends

* 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)Russia$646M
Top Destination (2023)China$566M

In 2023 Linseed were the world's 855th most traded product (out of 1,217).

In 2023, the top exporters of Linseed were Russia ($646M), Kazakhstan ($317M), Canada ($164M), Belgium ($81M), and Poland ($51.1M).

In 2023, the top importers of Linseed were China ($566M), Belgium ($268M), United States ($121M), Germany ($81.3M), and Netherlands ($68.7M).

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Exporters of Linseed (2023)
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Importers of Linseed (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$53.4M
Top Destination Growth (2022 -  2023)China$168M

Between 2022 and 2023, the exports of Linseed grew the fastest in Russia ($53.4M), Poland ($2.25M), Ukraine ($1.51M), Slovenia ($1.03M), and Estonia ($806k).

Between 2022 and 2023, the fastest growing importers of Linseed were China ($168M), Egypt ($5.19M), Gambia ($3.71M), Austria ($1.81M), and Slovenia ($670k).

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Exporters of Linseed (2022 - 2023)

Importers of Linseed (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Linseed.

In 2023, market concentration measured using Shannon Entropy, was 2.66. This means that most of the exports of Linseed are explained by 6 countries.

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Value of Exports in Linseed

Net Trade

TOP NET EXPORTER (2023)Russia$637M
TOP NET IMPORTER (2023)China$564M

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

In 2023, the countries that had a largest trade value in exports than in imports of Linseed were Russia ($637M), Kazakhstan ($310M), Canada ($156M), India ($24.7M), and Ukraine ($18.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Linseed were China ($564M), Belgium ($187M), United States ($114M), Germany ($59M), and Netherlands ($46.2M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Linseed by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALPoland+ $5.45M
TOP IMPORT POTENTIALBelgium+ $260k

Linseed’s highest export potential is Poland. With an export gap of $5.45M.  Linseed’s highest import potential is Belgium with an import gap of $260k.

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)

Country by Relatedness

The following visualization shows the relatedness of Linseed 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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