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151800 (Harmonized System 1992 for 6-digit)

2023
World Trade $10.2BRnk 357 / 4644
2023
Top Exporter | Top Importer $2B | $2.21BChina | Netherlands
2023
Product Complexity 0.11Rnk 2368 / 4656
2022 - 2023
Export Growth (CAGR) -13.9%Rnk 3127 / 4644
2023
Share of World Trade 0.045%Rnk 357 / 4644

About

Overview This page contains the latest trade data of Processed animal, vegetable oils, industrial preps ne. In 2023, Processed animal, vegetable oils, industrial preps ne were the world's 357th most traded product, with a total trade of $10.2B. Between 2022 and 2023 the exports of Processed animal, vegetable oils, industrial preps ne decreased by -13.9%, from $11.8B to $10.2B. Trade in Processed animal, vegetable oils, industrial preps ne represent 0.045% of total world trade.

Processed animal, vegetable oils, industrial preps ne are a part of Inedible Fats and Oils.

Exports In 2023 the top exporters of Processed animal, vegetable oils, industrial preps ne  were China ($2B), Netherlands ($1.27B), Malaysia ($1.26B), Belgium ($476M), and Indonesia ($437M).

Imports In 2023 the top importers of Processed animal, vegetable oils, industrial preps ne were Netherlands ($2.21B), United States ($1.68B), Singapore ($1.42B), Germany ($628M), and Spain ($596M).

Ranking Processed animal, vegetable oils, industrial preps ne ranks 2368th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Processed animal, vegetable oils, industrial preps ne. 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)China$2B
Top Destination (2023)Netherlands$2.21B

In 2023 Processed animal, vegetable oils, industrial preps ne were the world's 357th most traded product (out of 4,644).

In 2023, the top exporters of Processed animal, vegetable oils, industrial preps ne were China ($2B), Netherlands ($1.27B), Malaysia ($1.26B), Belgium ($476M), and Indonesia ($437M).

In 2023, the top importers of Processed animal, vegetable oils, industrial preps ne were Netherlands ($2.21B), United States ($1.68B), Singapore ($1.42B), Germany ($628M), and Spain ($596M).

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Exporters of Processed animal, vegetable oils, industrial preps ne (2023)
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Importers of Processed animal, vegetable oils, industrial preps ne (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Malaysia$169M
Top Destination Growth (2022 -  2023)United States$1.11B

Between 2022 and 2023, the exports of Processed animal, vegetable oils, industrial preps ne grew the fastest in Malaysia ($169M), New Zealand ($43.9M), Germany ($38.5M), Finland ($33.6M), and Brazil ($28.4M).

Between 2022 and 2023, the fastest growing importers of Processed animal, vegetable oils, industrial preps ne were United States ($1.11B), Singapore ($63.8M), Belgium ($59M), France ($27.5M), and Kenya ($23.9M).

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Exporters of Processed animal, vegetable oils, industrial preps ne (2022 - 2023)

Importers of Processed animal, vegetable oils, industrial preps ne (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Processed animal, vegetable oils, industrial preps ne.

In 2023, market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Processed animal, vegetable oils, industrial preps ne are explained by 22 countries.

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Value of Exports in Processed animal, vegetable oils, industrial preps ne

Net Trade

TOP NET EXPORTER (2023)China$1.98B
TOP NET IMPORTER (2023)Singapore$1.39B

This map shows which countries export or import more of Processed animal, vegetable oils, industrial preps ne. Each country is colored based on the difference in exports and imports of Processed animal, vegetable oils, industrial preps ne during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Processed animal, vegetable oils, industrial preps ne were China ($1.98B), Malaysia ($994M), Indonesia ($416M), Canada ($298M), and Poland ($225M).

In 2023, the countries that had a largest trade value in imports than in exports of Processed animal, vegetable oils, industrial preps ne were Singapore ($1.39B), United States ($1.36B), Netherlands ($946M), Finland ($376M), and Portugal ($198M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Processed animal, vegetable oils, industrial preps ne 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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