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Industrial fatty acids and oils: top exporters and importers (2024)

In 2024, world trade in industrial fatty acids and oils totaled $83.3 billion (48.7 million tonnes). The top exporters were China (14%), Germany (12%) and the United States (10%); the top importers were the United States (11%), the Netherlands (10%) and China (7%). Compared with 2019, the value rose 46%.

Summary

World trade
$83.3billion
Tonnes
48.7million tonnes
Price per tonne
$1,709
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$11.6 billion · 13.9%
  2. Germany$9.9 billion · 11.9%
  3. United States$8.5 billion · 10.2%
  4. Netherlands$6 billion · 7.3%
    re-exports
  5. Japan$5.6 billion · 6.7%
  6. South Korea$5.2 billion · 6.3%
  7. Belgium$5.2 billion · 6.2%
    re-exports
  8. Ireland$3.4 billion · 4.1%
  9. France$2.7 billion · 3.3%
  10. Spain$2.7 billion · 3.2%
  11. Italy$2.4 billion · 2.9%
  12. United Kingdom$1.8 billion · 2.2%
  13. Malaysia$1.6 billion · 1.9%
  14. Canada$1.4 billion · 1.6%
  15. Taiwan$1.1 billion · 1.3%
  16. Indonesia$926 million · 1.1%
  17. India$884 million · 1.1%
  18. Poland$870 million · 1%
  19. Thailand$808 million · 0.97%
  20. Austria$713 million · 0.86%

Top importers

  1. United States$8.8 billion · 10.6%
  2. Netherlands$8.2 billion · 9.8%
    re-exports
  3. China$5.9 billion · 7%
  4. Germany$5.7 billion · 6.8%
  5. France$4.3 billion · 5.1%
  6. Belgium$3.5 billion · 4.2%
    re-exports
  7. United Kingdom$3.4 billion · 4%
  8. Italy$2.5 billion · 3%
  9. South Korea$2.3 billion · 2.8%
  10. Spain$2.2 billion · 2.7%
  11. Mexico$2.2 billion · 2.7%
  12. Hungary$2.2 billion · 2.6%
  13. Canada$2.1 billion · 2.5%
  14. India$1.8 billion · 2.2%
  15. Poland$1.7 billion · 2.1%
  16. Japan$1.5 billion · 1.8%
  17. Taiwan$1.5 billion · 1.8%
  18. Vietnam$976 million · 1.2%
  19. Switzerland$951 million · 1.1%
  20. Sweden$849 million · 1%

Trend

Who sells it

China has been the top exporter since 2022

Value in USD billions. The five largest exporters in 2024.

  • China 11.6
  • Germany 9.9
  • United States 8.5
  • Netherlands 6
  • Japan 5.6

Source: CEPII BACI

Show the numbers
Country19952024
China0.0711.6
Germany2.59.9
United States1.68.5
Netherlands0.876
Japan0.955.6

Price

Implied price

The price per tonne rose 49% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,709

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,148
1996$1,152
1997$1,093
1998$1,070
1999$1,020
2000$978
2001$1,042
2002$1,127
2003$1,283
2004$1,262
2005$1,433
2006$1,405
2007$1,526
2008$1,675
2009$1,538
2010$1,549
2011$1,693
2012$1,666
2013$1,544
2014$1,600
2015$1,366
2016$1,289
2017$1,363
2018$1,420
2019$1,380
2020$1,410
2021$1,690
2022$1,939
2023$1,825
2024$1,709

What it includes

  • 3823 · Industrial fatty acids and oils

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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