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Pricing

Rape, colza or mustard oil and their fractions; whether or not refined, but not chemically modified

1514 (Harmonized System 1992 for 4-digit)

2023
World Trade $14BRnk 283 / 1217
2023
Top Exporter | Top Importer $5.22B | $4.91BCanada | United States
2023
Product Complexity 0.15Rnk 519 / 1044
2022 - 2023
Export Growth (CAGR) 1.38%Rnk 356 / 1217
2023
Share of World Trade 0.062%Rnk 283 / 1217

About

Overview This page contains the latest trade data of Rapeseed Oil. In 2023, Rapeseed Oil were the world's 283rd most traded product, with a total trade of $14B. Between 2022 and 2023 the exports of Rapeseed Oil grew by 1.38%, from $13.8B to $14B. Trade in Rapeseed Oil represent 0.062% of total world trade.

Rapeseed Oil are a part of Animal or vegetable fats, oils, & waxes. They include Canola, rape, colza or mustard oil, crude and Canola, rape, colza or mustard oil, fractions, refine.

Exports In 2023 the top exporters of Rapeseed Oil  were Canada ($5.22B), Russia ($1.59B), Germany ($1.47B), France ($756M), and Belgium ($604M).

Imports In 2023 the top importers of Rapeseed Oil were United States ($4.91B), China ($2.6B), Netherlands ($1.13B), Belgium ($709M), and Germany ($572M).

Ranking Rapeseed Oil ranks 519th 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 Rapeseed Oil. 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)Canada$5.22B
Top Destination (2023)United States$4.91B

In 2023 Rapeseed Oil were the world's 283rd most traded product (out of 1,217).

In 2023, the top exporters of Rapeseed Oil were Canada ($5.22B), Russia ($1.59B), Germany ($1.47B), France ($756M), and Belgium ($604M).

In 2023, the top importers of Rapeseed Oil were United States ($4.91B), China ($2.6B), Netherlands ($1.13B), Belgium ($709M), and Germany ($572M).

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Exporters of Rapeseed Oil (2023)
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Importers of Rapeseed Oil (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Canada$441M
Top Destination Growth (2022 -  2023)China$1.01B

Between 2022 and 2023, the exports of Rapeseed Oil grew the fastest in Canada ($441M), Russia ($352M), Ukraine ($281M), Belgium ($65.7M), and Poland ($60.6M).

Between 2022 and 2023, the fastest growing importers of Rapeseed Oil were China ($1.01B), United States ($940M), Hong Kong ($44.9M), United Kingdom ($39.1M), and Romania ($27.1M).

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Exporters of Rapeseed Oil (2022 - 2023)

Importers of Rapeseed Oil (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rapeseed Oil.

In 2023, market concentration measured using Shannon Entropy, was 3.52. This means that most of the exports of Rapeseed Oil are explained by 11 countries.

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Value of Exports in Rapeseed Oil

Net Trade

TOP NET EXPORTER (2023)Canada$5.19B
TOP NET IMPORTER (2023)United States$4.8B

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

In 2023, the countries that had a largest trade value in exports than in imports of Rapeseed Oil were Canada ($5.19B), Russia ($1.59B), Germany ($899M), France ($546M), and Belarus ($504M).

In 2023, the countries that had a largest trade value in imports than in exports of Rapeseed Oil were United States ($4.8B), China ($2.58B), Netherlands ($533M), Norway ($513M), and Mexico ($242M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Rapeseed Oil, disaggragated by their HS6 level were Canola, rape, colza or mustard oil,... ($7.67B) and Canola, rape, colza or mustard oil,... ($6.32B)

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

Top 10 Exporters Countries of Rapeseed Oil by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $49.2M
TOP IMPORT POTENTIALAustralia+ $695k

Rapeseed Oil’s highest export potential is China. With an export gap of $49.2M.  Rapeseed Oil’s highest import potential is Australia with an import gap of $695k.

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 Rapeseed Oil.

Country by Relatedness

The following visualization shows the relatedness of Rapeseed Oil 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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