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Pricing

2022
Exports $141MWorld Rnk 15 / 113
Flag Rnk 672 / 1217
2022
Destination $7.63M Mexico
2021 - 2022
FASTEST GROWING MARKET $7.63MCanada
2022
PRODUCT COMPLEXITY IN Rapeseed Oil0.26Rnk 466 / 1025
2022
Imports $4.01BWorld Rnk 1 / 208
Flag Rnk 139 / 1216
2022
Origin $1.05B Canada
2021 - 2022
FASTEST GROWING ORIGIN $1.05BCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $141M in Rapeseed Oil, making it the 15th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 672nd most exported product in United States. The main destination of Rapeseed Oil exports from United States are: Mexico ($57.8M), Canada ($34.4M), Colombia ($6.79M), Panama ($5.45M), and Chile ($5.28M).

The fastest growing export markets for Rapeseed Oil of United States between 2021 and 2022 were Canada ($7.63M), Honduras ($1.59M), and Guyana ($1.14M).

Imports In 2022, United States imported $4.01B in Rapeseed Oil, becoming the 1st largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 139th most imported product in United States. United States imports Rapeseed Oil primarily from: Canada ($3.91B), Australia ($34.6M), Turkey ($17.8M), Spain ($17.1M), and Netherlands ($8.55M).

The fastest growing import markets in Rapeseed Oil for United States between 2021 and 2022 were Canada ($1.05B), Australia ($23.7M), and Spain ($9.55M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Rapeseed Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$141M
IMPORTS (2022)$4.01B
NET TRADE (2022)-$3.87B

In 2022, United States exported $141M in Rapeseed Oil. The main destinations of United States exports on Rapeseed Oil were Mexico ($57.8M), Canada ($34.4M), Colombia ($6.79M), Panama ($5.45M), and Chile ($5.28M).

In 2022, United States imported $4.01B in Rapeseed Oil, mainly from Canada ($3.91B), Australia ($34.6M), Turkey ($17.8M), Spain ($17.1M), and Netherlands ($8.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$7.63M (28.5%)
Honduras$1.59M (136%)
Guyana$1.14M (73.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY United States WERE (2021 - 2022):
Mexico-$17.9M (-23.6%)
Chile-$6.98M (-56.9%)
South Korea-$4.81M (-81.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United States's main exporting competitors in Rapeseed Oil were:
Canada $4.86B
Germany $1.77B
Russia $1.15B
In 2022, United States's main importing competitors in Rapeseed Oil were:
China $1.49B
Netherlands $1.38B

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $1.27M
TOP IMPORT POTENTIALRussia+ $15.9M

Rapeseed Oil’s highest export potential is Japan. With an export gap of $1.27M.   Rapeseed Oil’s highest import potential is Russia with an import gap of $15.9M.

See methodology.

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