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Pricing

Animal or vegetable fats and oils and their fractions; partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared

1516 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.13BRnk 531 / 1217
2023
Top Exporter | Top Importer $1.42B | $947MIndonesia | China
2023
Product Complexity -1.17Rnk 900 / 1044
2022 - 2023
Export Growth (CAGR) -10.8%Rnk 775 / 1217
2023
Share of World Trade 0.023%Rnk 531 / 1217

About

Overview This page contains the latest trade data of Other Vegetable Oils. In 2023, Other Vegetable Oils were the world's 531st most traded product, with a total trade of $5.13B. Between 2022 and 2023 the exports of Other Vegetable Oils decreased by -10.8%, from $5.76B to $5.13B. Trade in Other Vegetable Oils represent 0.023% of total world trade.

Other Vegetable Oils are a part of Animal or vegetable fats, oils, & waxes. They include Veg fats, oils or fractions hydrogenated, esterified and Animal fats, oils, fractions, hydrogenated, esterifie.

Exports In 2023 the top exporters of Other Vegetable Oils  were Indonesia ($1.42B), Malaysia ($1.08B), Netherlands ($354M), Germany ($323M), and Sweden ($150M).

Imports In 2023 the top importers of Other Vegetable Oils were China ($947M), Malaysia ($244M), Netherlands ($213M), United States ($203M), and Germany ($196M).

Ranking Other Vegetable Oils ranks 900th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Other Vegetable Oils. 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$1.42B
Top Destination (2023)China$947M

In 2023 Other Vegetable Oils were the world's 531st most traded product (out of 1,217).

In 2023, the top exporters of Other Vegetable Oils were Indonesia ($1.42B), Malaysia ($1.08B), Netherlands ($354M), Germany ($323M), and Sweden ($150M).

In 2023, the top importers of Other Vegetable Oils were China ($947M), Malaysia ($244M), Netherlands ($213M), United States ($203M), and Germany ($196M).

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Exporters of Other Vegetable Oils (2023)
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Importers of Other Vegetable Oils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Belgium$26.1M
Top Destination Growth (2022 -  2023)China$139M

Between 2022 and 2023, the exports of Other Vegetable Oils grew the fastest in Belgium ($26.1M), United States ($21.5M), Australia ($19.8M), China ($18.2M), and Chile ($16.5M).

Between 2022 and 2023, the fastest growing importers of Other Vegetable Oils were China ($139M), South Korea ($85.5M), Netherlands ($32.3M), Nigeria ($28.8M), and Ethiopia ($19.5M).

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Exporters of Other Vegetable Oils (2022 - 2023)

Importers of Other Vegetable Oils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Vegetable Oils.

In 2023, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Other Vegetable Oils are explained by 16 countries.

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Value of Exports in Other Vegetable Oils

Net Trade

TOP NET EXPORTER (2023)Indonesia$1.39B
TOP NET IMPORTER (2023)China$827M

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

In 2023, the countries that had a largest trade value in exports than in imports of Other Vegetable Oils were Indonesia ($1.39B), Malaysia ($833M), Netherlands ($142M), Sweden ($140M), and Germany ($127M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Vegetable Oils were China ($827M), South Korea ($169M), Algeria ($111M), Poland ($103M), and Denmark ($100M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Other Vegetable Oils, disaggragated by their HS6 level were Veg fats, oils or fractions hydrogenated,... ($4.65B) and Animal fats, oils, fractions, hydrogenated, esterifie ($487M)

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

Top 10 Exporters Countries of Other Vegetable Oils by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $14.4M
TOP IMPORT POTENTIALMalaysia+ $7.32M

Other Vegetable Oils’s highest export potential is United States. With an export gap of $14.4M.  Other Vegetable Oils’s highest import potential is Malaysia with an import gap of $7.32M.

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 Other Vegetable Oils.

Country by Relatedness

The following visualization shows the relatedness of Other Vegetable Oils 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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