Fish and marine oil trade by country: top importers, exporters and prices
World trade in fish and marine oil was worth $4.52 billion in 2024, about 1.05 million tonnes. That is an increase of 141% 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 | $4.52B | 1.05M t |
| 2023 | $4.40B | 1.07M t |
| 2022 | $3.25B | 1.06M t |
| 2021 | $2.48B | 1.10M t |
| 2020 | $2.48B | 1.14M t |
| 2019 | $2.15B | 1.03M t |
| 2018 | $2.15B | 999.9K t |
| 2017 | $1.87B | 917.8K t |
Top fish and marine oil exporting countries
Exports are led by Peru (16%), Chile (9%) and China (8%). 114 countries reported exports, and the top three account for 33%.
| Exporter | Value | Share |
|---|---|---|
| Peru | $709.5M | 16% |
| Chile | $418.6M | 9.3% |
| China | $381.6M | 8.4% |
| Denmark | $376.7M | 8.3% |
| United States | $311.1M | 6.9% |
| Norway | $296.7M | 6.6% |
| Iceland | $225.3M | 5% |
| Mexico | $221.2M | 4.9% |
| Vietnam | $155.6M | 3.4% |
| Morocco | $136.5M | 3% |
| France | $119.4M | 2.6% |
| Panama | $87.2M | 1.9% |
Top importing countries and buyer markets
The largest importers are Norway (22%), China (8%) and Chile (7%). 172 countries imported it, and the top three take 37% of the value.
| Importer | Value | Share |
|---|---|---|
| Norway | $1.01B | 22% |
| China | $339.8M | 7.5% |
| Chile | $332.3M | 7.4% |
| United States | $320.2M | 7.1% |
| Denmark | $274.2M | 6.1% |
| United Kingdom | $239.4M | 5.3% |
| Canada | $230.6M | 5.1% |
| Turkey | $158.6M | 3.5% |
| Belgium | $157.3M | 3.5% |
| France | $141.3M | 3.1% |
| Australia | $122.3M | 2.7% |
| Netherlands | $110.2M | 2.4% |
Average price per kg
The world average declared value was about $4.30 per kg in 2024. Among the main exporters, Peru averaged $6.60 per kg and Norway $2.80 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.
Product types under HS 1504
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 1504: Fats and oils and their fractions of fish or marine mammals; whether or not refined, but not chemically modified. HS 1504 codes.
Common questions
Which countries export the most fish and marine oil?
Peru exported $709.5 million in 2024, 16% of the world total, followed by Chile (9%) and China (8%). In all, 114 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most fish and marine oil?
Norway imported $1.01 billion in 2024, 22% of world imports, ahead of China (8%) and Chile (7%). The top three importers together take 37%. Each country with its own page is linked from the table.
How big is the world trade in fish and marine oil?
It was worth $4.52 billion in 2024, about 1.05 million tonnes. That is an increase of 141% since 2017. 2024 was the highest year since 2017. 114 countries reported exports and 172 reported imports.
What is the average price of fish and marine oil per kg?
The world average declared value was about $4.30 per kg in 2024. Among the main exporters, Peru averaged $6.60 per kg and Norway $2.80 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 fish and marine oil?
The HS code for fish and marine oil is heading 1504, 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 1504 page.
How can I find fish and marine oil 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.
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