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151912 (Harmonized System 1992 for 6-digit)

2023
World Trade $544MRnk 2758 / 4644
2023
Top Exporter | Top Importer $201M | $98MIndonesia | China
2023
Product Complexity -0.056Rnk 2636 / 4656
2022 - 2023
Export Growth (CAGR) -31.2%Rnk 4268 / 4644
2023
Share of World Trade 0.0024%Rnk 2758 / 4644

About

Overview This page contains the latest trade data of Oleic acid. In 2023, Oleic acid were the world's 2758th most traded product, with a total trade of $544M. Between 2022 and 2023 the exports of Oleic acid decreased by -31.2%, from $791M to $544M. Trade in Oleic acid represent 0.0024% of total world trade.

Oleic acid are a part of Stearic Acid.

Exports In 2023 the top exporters of Oleic acid  were Indonesia ($201M), Malaysia ($148M), Belgium ($40.4M), Netherlands ($31M), and Germany ($18.7M).

Imports In 2023 the top importers of Oleic acid were China ($98M), Japan ($37.8M), India ($37.4M), South Korea ($33.6M), and Netherlands ($33.3M).

Ranking Oleic acid ranks 2636th 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 Oleic acid. 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)Indonesia$201M
Top Destination (2023)China$98M

In 2023 Oleic acid were the world's 2758th most traded product (out of 4,644).

In 2023, the top exporters of Oleic acid were Indonesia ($201M), Malaysia ($148M), Belgium ($40.4M), Netherlands ($31M), and Germany ($18.7M).

In 2023, the top importers of Oleic acid were China ($98M), Japan ($37.8M), India ($37.4M), South Korea ($33.6M), and Netherlands ($33.3M).

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Exporters of Oleic acid (2023)
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Importers of Oleic acid (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$5.9M
Top Destination Growth (2022 -  2023)Malaysia$8.83M

Between 2022 and 2023, the exports of Oleic acid grew the fastest in India ($5.9M), Kazakhstan ($2.85M), Mexico ($2.49M), Poland ($1.41M), and Egypt ($568k).

Between 2022 and 2023, the fastest growing importers of Oleic acid were Malaysia ($8.83M), China ($3.38M), Kazakhstan ($3.36M), Saudi Arabia ($3.31M), and United Arab Emirates ($2.21M).

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Exporters of Oleic acid (2022 - 2023)

Importers of Oleic acid (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Oleic acid.

In 2023, market concentration measured using Shannon Entropy, was 2.88. This means that most of the exports of Oleic acid are explained by 7 countries.

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Value of Exports in Oleic acid

Net Trade

TOP NET EXPORTER (2023)Indonesia$200M
TOP NET IMPORTER (2023)China$83.4M

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

In 2023, the countries that had a largest trade value in exports than in imports of Oleic acid were Indonesia ($200M), Malaysia ($116M), Belgium ($25.1M), Argentina ($7M), and Uruguay ($457k).

In 2023, the countries that had a largest trade value in imports than in exports of Oleic acid were China ($83.4M), Japan ($34.4M), South Korea ($30.5M), France ($24.9M), and India ($19.4M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Oleic acid 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 (2023)

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