Other Pure Vegetable Oils in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $217M in Other Pure Vegetable Oils, making it the 8th largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 748th most exported product in China. The main destination of Other Pure Vegetable Oils exports from China are: United States ($29.8M), Japan ($20.6M), Australia ($19.4M), Netherlands ($15.3M), and Hong Kong ($14.2M).

The fastest growing export markets for Other Pure Vegetable Oils of China between 2021 and 2022 were United Arab Emirates ($10.9M), Oman ($7.79M), and Italy ($5.41M).

Imports In 2022, China imported $620M in Other Pure Vegetable Oils, becoming the 2nd largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 308th most imported product in China. China imports Other Pure Vegetable Oils primarily from: India ($500M), Russia ($22.5M), Kazakhstan ($17.3M), United States ($11.2M), and France ($11.2M).

The fastest growing import markets in Other Pure Vegetable Oils for China between 2021 and 2022 were New Zealand ($6.11M), France ($2.04M), and Malaysia ($1.89M).

COMPANIES In 2023, leading companies such as GLOBAL ETRADE SERVICES INC (1) were at the forefront of shipping Other Pure Vegetable Oils from China to the United States.

Latest Trends

March 2024

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Overview In March 2024 China's Other Pure Vegetable Oils exports accounted up to $17.8M and imports accounted up to $49.7M, resulting in a negative trade balance of $31.9M. Between March 2023 and March 2024 the exports of China's Other Pure Vegetable Oils have increased by $1.22M (7.35%) from $16.6M to $17.8M, while imports decreased by $-31.4M (-38.7%) from $81.1M to $49.7M.

Destinations In March 2024, Other Pure Vegetable Oils were exported mostly to United States ($2.31M), Netherlands ($2.28M), Italy ($2.19M), Australia ($2.02M), and Japan ($963k), and were imported mostly from India ($36.1M), Australia ($4.02M), France ($2.24M), Canada ($1.36M), and United States ($1.34M).

Growth In March 2024, the increase in Other Pure Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($782k or 53.2%), South Korea ($193k or 49.9%), and Switzerland ($72.8k or 7.28M%). In March 2024, the decrease in Other Pure Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from India ($-5.14M or -10.8%), Australia ($-1.92M or -53.6%), and United States ($-816k or -41.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$1.22M(7.35%)

IMPORT GROWTH (March 2023 - March 2024)$-31.4M(-38.7%)

MAIN EXPORTER (March 2024)Hubei Province$4.38M

MAIN DESTINATION (March 2024)United States$2.31M

This section shows Other Pure Vegetable Oils'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 Other Pure Vegetable Oils over time.

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