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Other vegetable oils: top exporters and importers (2024)

In 2024, world trade in other vegetable oils totaled $6.3 billion (3 million tonnes). The top exporters were India (20%), Mexico (9%) and the United States (8%); the top importers were the United States (18%), China (10%) and France (6%). Compared with 2019, the value rose 35%.

Summary

World trade
$6.3billion
Tonnes
3million tonnes
Price per tonne
$2,130
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. India$1.3 billion · 20%
  2. Mexico$571 million · 9.1%
  3. United States$480 million · 7.6%
  4. Spain$357 million · 5.7%
  5. Italy$253 million · 4%
  6. Belgium$225 million · 3.6%
    re-exports
  7. Netherlands$223 million · 3.5%
    re-exports
  8. France$216 million · 3.4%
  9. China$202 million · 3.2%
  10. Germany$174 million · 2.8%
  11. Ghana$161 million · 2.6%
  12. Denmark$149 million · 2.4%
  13. Turkey$134 million · 2.1%
  14. Malaysia$125 million · 2%
  15. Bangladesh$116 million · 1.9%
  16. United Kingdom$116 million · 1.8%
  17. Brazil$113 million · 1.8%
  18. Japan$102 million · 1.6%
  19. Indonesia$88 million · 1.4%
  20. Kenya$88 million · 1.4%

Top importers

  1. United States$1.1 billion · 17.6%
  2. China$642 million · 10.2%
  3. France$347 million · 5.5%
  4. Netherlands$339 million · 5.4%
    re-exports
  5. Germany$281 million · 4.5%
  6. Spain$213 million · 3.4%
  7. Italy$212 million · 3.4%
  8. Canada$193 million · 3.1%
  9. Malaysia$165 million · 2.6%
  10. India$156 million · 2.5%
  11. Japan$155 million · 2.5%
  12. South Korea$133 million · 2.1%
  13. Sweden$132 million · 2.1%
  14. Norway$116 million · 1.8%
  15. United Kingdom$111 million · 1.8%
  16. Belgium$104 million · 1.7%
    re-exports
  17. Saudi Arabia$97 million · 1.5%
  18. Kuwait$94 million · 1.5%
  19. Mexico$84 million · 1.3%
  20. Australia$76 million · 1.2%

Trend

Who sells it

India has been the top exporter since 2014

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

  • India 1.3
  • Mexico 0.57
  • United States 0.48
  • Spain 0.36
  • Italy 0.25

Source: CEPII BACI

Show the numbers
Country19952024
India0.251.3
Mexico0.010.57
United States0.390.48
Spain0.030.36
Italy0.050.25

Price

Implied price

The price per tonne rose 117% since 1995

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

  • 2024: $2,130

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$983
1996$929
1997$909
1998$1,011
1999$981
2000$847
2001$767
2002$811
2003$1,044
2004$987
2005$1,151
2006$1,128
2007$1,196
2008$1,786
2009$1,456
2010$1,510
2011$1,915
2012$1,701
2013$1,688
2014$1,737
2015$1,762
2016$1,593
2017$1,647
2018$1,771
2019$1,690
2020$1,771
2021$2,172
2022$2,446
2023$2,183
2024$2,130

What it includes

  • 1515 · Other vegetable 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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