Chemically modified oils trade by country: top importers, exporters and prices
World trade in chemically modified oils was worth $10.38 billion in 2024, about 10.29 million tonnes. That is an increase of 232% since 2017, and up 3% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $10.38B | 10.29M t |
| 2023 | $10.05B | 8.57M t |
| 2022 | $11.58B | 8.15M t |
| 2021 | $8.28B | 7.16M t |
| 2020 | $5.61B | 6.15M t |
| 2019 | $4.41B | 5.47M t |
| 2018 | $3.31B | 4.05M t |
| 2017 | $3.13B | 3.61M t |
Top chemically modified oils exporting countries
China is the largest exporter with 27% of world exports, followed by Malaysia and the Netherlands. The top three supply 49% between them, out of 143 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| China | $2.81B | 27% |
| Malaysia | $1.20B | 12% |
| Netherlands | $1.06B | 10% |
| Belgium | $558.0M | 5.4% |
| Indonesia | $414.6M | 4% |
| Germany | $365.5M | 3.5% |
| Poland | $305.3M | 2.9% |
| United Kingdom | $282.2M | 2.7% |
| Spain | $272.4M | 2.6% |
| Canada | $252.6M | 2.4% |
| United States | $183.7M | 1.8% |
| Italy | $162.0M | 1.6% |
Top importing countries and buyer markets
The largest importers are the United States (23%), the Netherlands (20%) and Singapore (11%). 185 countries imported it, and the top three take 54% of the value.
| Importer | Value | Share |
|---|---|---|
| United States | $2.37B | 23% |
| Netherlands | $2.07B | 20% |
| Singapore | $1.17B | 11% |
| Spain | $814.0M | 7.8% |
| Malaysia | $536.0M | 5.2% |
| Germany | $493.0M | 4.8% |
| Belgium | $484.7M | 4.7% |
| United Kingdom | $295.6M | 2.9% |
| Finland | $283.4M | 2.7% |
| France | $238.0M | 2.3% |
| Sweden | $219.2M | 2.1% |
| Austria | $134.5M | 1.3% |
Average price per kg
The world average declared value was about $1.01 per kg in 2024. Among the main exporters, Belgium averaged $1.26 per kg and Indonesia $0.62 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 1518: Animal, vegetable or microbial fats, oils and their fractions; boiled, oxidised, dehydrated or otherwise chemically modified, excluding those of heading no. 1516, inedible mixtures or preparations of fats, oils or their fractions, n.e.c. in chapter 15. HS 1518 codes.
Common questions
Which countries export the most chemically modified oils?
China exported $2.81 billion in 2024, 27% of the world total, followed by Malaysia (12%) and the Netherlands (10%). In all, 143 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most chemically modified oils?
The United States imported $2.37 billion in 2024, 23% of world imports, ahead of the Netherlands (20%) and Singapore (11%). The top three importers together take 54%. Each country with its own page is linked from the table.
How big is the world trade in chemically modified oils?
It was worth $10.38 billion in 2024, about 10.29 million tonnes. That is an increase of 232% since 2017. The peak year was 2022 at $11.58 billion. 143 countries reported exports and 185 reported imports.
What is the average price of chemically modified oils per kg?
The world average declared value was about $1.01 per kg in 2024. Among the main exporters, Belgium averaged $1.26 per kg and Indonesia $0.62 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for chemically modified oils?
The HS code for chemically modified oils is heading 1518, in chapter 15 (animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 1518 page.
How can I find chemically modified oils buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
See what your buyers are buying.Then decide.
Everything we show you comes from official customs filings — records, not claims. 30 minutes. Your shipment. Your HS code. Real platform. If you don’t see something new about your market by the end of the call, we walk away. No follow-ups.