Rapeseed Oil in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $6.94M in Rapeseed Oil, making it the 45th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 1109th most exported product in China. The main destination of Rapeseed Oil exports from China are: Hong Kong ($3.03M), Philippines ($1.77M), Malaysia ($344k), Kazakhstan ($298k), and Macau ($258k).

The fastest growing export markets for Rapeseed Oil of China between 2021 and 2022 were Philippines ($1.77M), Hong Kong ($365k), and Kazakhstan ($229k).

Imports In 2022, China imported $1.49B in Rapeseed Oil, becoming the 2nd largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 171st most imported product in China. China imports Rapeseed Oil primarily from: Russia ($765M), Canada ($286M), United Arab Emirates ($266M), Belarus ($53.1M), and Kazakhstan ($45M).

The fastest growing import markets in Rapeseed Oil for China between 2021 and 2022 were Russia ($370M), Belarus ($38.3M), and Kazakhstan ($36.2M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Rapeseed Oil from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Rapeseed Oil exports accounted up to $1.52M and imports accounted up to $129M, resulting in a negative trade balance of $128M. Between February 2023 and February 2024 the exports of China's Rapeseed Oil have increased by $1.35M (837%) from $162k to $1.52M, while imports decreased by $-72.6M (-36%) from $202M to $129M.

Destinations In February 2024, Rapeseed Oil were exported mostly to Hong Kong ($1.39M), Macau ($94.6k), United States ($19k), North Korea ($4.85k), and Canada ($2.96k), and were imported mostly from Russia ($67.1M), United Arab Emirates ($25M), Ukraine ($17.7M), Belarus ($12.3M), and Romania ($3.13M).

Growth In February 2024, the increase in Rapeseed Oil's year-by-year exports was explained primarily by an increase in exports to United States ($28.6k or 151%) and Macau ($4.53k or 23.8%). In February 2024, the decrease in Rapeseed Oil's year-by-year imports was explained primarily by a decrease in imports from Canada ($-39.4M or -99.1%), Germany ($-5.59M or -99.5%), and Kazakhstan ($-4.98M or -83.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$1.35M(837%)

IMPORT GROWTH (February 2023 - February 2024)$-72.6M(-36%)

MAIN EXPORTER (February 2024)Guangdong Province$3.52M

MAIN DESTINATION (February 2024)Hong Kong$1.39M

This section shows Rapeseed Oil's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Rapeseed Oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$6.94M

IMPORTS (2022)$1.49B

NET TRADE (2022)-$1.48B

In 2022, China exported $6.94M in Rapeseed Oil. The main destinations of China exports on Rapeseed Oil were Hong Kong ($3.03M), Philippines ($1.77M), Malaysia ($344k), Kazakhstan ($298k), and Macau ($258k).

In 2022, China imported $1.49B in Rapeseed Oil, mainly from Russia ($765M), Canada ($286M), United Arab Emirates ($266M), Belarus ($53.1M), and Kazakhstan ($45M).

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