Rapeseed Oil in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $156M in Rapeseed Oil, making it the 13th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 317th most exported product in United Kingdom. The main destination of Rapeseed Oil exports from United Kingdom are: Belgium ($45.6M), Sweden ($23.3M), Netherlands ($22.1M), Norway ($21.7M), and Germany ($16.3M).

The fastest growing export markets for Rapeseed Oil of United Kingdom between 2021 and 2022 were Germany ($10.7M), France ($3.73M), and Philippines ($2.79M).

Imports In 2022, United Kingdom imported $143M in Rapeseed Oil, becoming the 18th largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 515th most imported product in United Kingdom. United Kingdom imports Rapeseed Oil primarily from: Netherlands ($48.8M), France ($29.7M), Belgium ($25.4M), Spain ($18.6M), and Germany ($7.26M).

The fastest growing import markets in Rapeseed Oil for United Kingdom between 2021 and 2022 were Netherlands ($38.8M), France ($29.1M), and Spain ($17.9M).

Latest Trends

February 2024

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Overview In February 2024 United Kingdom's Rapeseed Oil exports accounted up to £8.21M and imports accounted up to £7.33M, resulting in a positive trade balance of £881k. Between February 2023 and February 2024 the exports of United Kingdom's Rapeseed Oil have increased by £2.11M (34.5%) from £6.11M to £8.21M, while imports decreased by £-2.17M (-22.8%) from £9.5M to £7.33M.

Destinations In February 2024, Rapeseed Oil were exported mostly to Netherlands (£6.05M), Ireland (£862k), Philippines (£356k), Germany (£185k), and France (£117k), and were imported mostly from France (£2.3M), Belgium (£2.08M), Germany (£1.21M), Netherlands (£854k), and Italy (£179k).

Growth In February 2024, the increase in Rapeseed Oil's year-by-year exports was explained primarily by an increase in exports to France (£483k or 563%), Ireland (£439k or 99.7%), and Netherlands (£345k or 333%). In February 2024, the decrease in Rapeseed Oil's year-by-year imports was explained primarily by a decrease in imports from Ireland (£-505k or -76.8%), Bangladesh (£-83.2k or -71.7%), and Pakistan (£-642 or -4.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£2.11M(34.5%)

IMPORT GROWTH (February 2023 - February 2024)£-2.17M(-22.8%)

MAIN EXPORTER (February 2024)London£5.59M

MAIN DESTINATION (February 2024)Netherlands£6.05M

This section shows Rapeseed Oil's exports and imports data at subnational level for United Kingdom. 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)$156M

IMPORTS (2022)$143M

NET TRADE (2022)$13.1M

In 2022, United Kingdom exported $156M in Rapeseed Oil. The main destinations of United Kingdom exports on Rapeseed Oil were Belgium ($45.6M), Sweden ($23.3M), Netherlands ($22.1M), Norway ($21.7M), and Germany ($16.3M).

In 2022, United Kingdom imported $143M in Rapeseed Oil, mainly from Netherlands ($48.8M), France ($29.7M), Belgium ($25.4M), Spain ($18.6M), and Germany ($7.26M).

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