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Sun-flower seed, safflower or cotton-seed oil and their fractions; whether or not refined, but not chemically modified

1512 (Harmonized System 1992 for 4-digit)

2023
World Trade $19BRnk 211 / 1217
2023
Top Exporter | Top Importer $5.26B | $2.43BUkraine | India
2023
Product Complexity -0.87Rnk 821 / 1044
2022 - 2023
Export Growth (CAGR) -15.2%Rnk 915 / 1217
2023
Share of World Trade 0.084%Rnk 211 / 1217

About

Overview This page contains the latest trade data of Seed Oils. In 2023, Seed Oils were the world's 211th most traded product, with a total trade of $19B. Between 2022 and 2023 the exports of Seed Oils decreased by -15.2%, from $22.3B to $19B. Trade in Seed Oils represent 0.084% of total world trade.

Seed Oils are a part of Animal or vegetable fats, oils, & waxes. They include Sunflower-seed or safflower oil, crude, Sunflower or safflower oil,fractions simply refined, Cotton-seed or fractions simply refined, and Cotton-seed oil crude.

Exports In 2023 the top exporters of Seed Oils  were Ukraine ($5.26B), Russia ($3.51B), Turkey ($1.38B), Netherlands ($1.11B), and Argentina ($1.04B).

Imports In 2023 the top importers of Seed Oils were India ($2.43B), China ($1.62B), Turkey ($1.47B), Romania ($1.18B), and Netherlands ($826M).

Ranking Seed Oils ranks 821st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Seed 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)Ukraine$5.26B
Top Destination (2023)India$2.43B

In 2023 Seed Oils were the world's 211th most traded product (out of 1,217).

In 2023, the top exporters of Seed Oils were Ukraine ($5.26B), Russia ($3.51B), Turkey ($1.38B), Netherlands ($1.11B), and Argentina ($1.04B).

In 2023, the top importers of Seed Oils were India ($2.43B), China ($1.62B), Turkey ($1.47B), Romania ($1.18B), and Netherlands ($826M).

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Exporters of Seed Oils (2023)
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Importers of Seed Oils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Djibouti$327M
Top Destination Growth (2022 -  2023)China$825M

Between 2022 and 2023, the exports of Seed Oils grew the fastest in Djibouti ($327M), Netherlands ($120M), Egypt ($21.9M), Belgium ($17.2M), and Tanzania ($12.8M).

Between 2022 and 2023, the fastest growing importers of Seed Oils were China ($825M), Romania ($638M), Ethiopia ($375M), Egypt ($232M), and Uzbekistan ($60.9M).

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Exporters of Seed Oils (2022 - 2023)

Importers of Seed Oils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Seed Oils.

In 2023, market concentration measured using Shannon Entropy, was 3.87. This means that most of the exports of Seed Oils are explained by 14 countries.

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Value of Exports in Seed Oils

Net Trade

TOP NET EXPORTER (2023)Ukraine$5.25B
TOP NET IMPORTER (2023)India$2.41B

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

In 2023, the countries that had a largest trade value in exports than in imports of Seed Oils were Ukraine ($5.25B), Russia ($3.51B), Argentina ($1.04B), Hungary ($811M), and Bulgaria ($437M).

In 2023, the countries that had a largest trade value in imports than in exports of Seed Oils were India ($2.41B), China ($1.6B), Romania ($745M), Italy ($700M), and Ethiopia ($478M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Seed Oils, disaggragated by their HS6 level were Sunflower-seed or safflower oil, crude ($12.7B), Sunflower or safflower oil,fractions simply refined ($6.11B), Cotton-seed or fractions simply refined ($140M), and Cotton-seed oil crude ($20.1M)

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

Top 10 Exporters Countries of Seed Oils by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $91.3M
TOP IMPORT POTENTIALKazakhstan+ $330k

Seed Oils’s highest export potential is China. With an export gap of $91.3M.  Seed Oils’s highest import potential is Kazakhstan with an import gap of $330k.

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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 Seed Oils.

Country by Relatedness

The following visualization shows the relatedness of Seed 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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