Oleic acid trade by country: top importers, exporters and prices
World trade in oleic acid was worth $613.7 million in 2024, about 414.4 thousand tonnes. That is an increase of 94% since 2017, and up 12% 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 | $613.7M | 414.4K t |
| 2023 | $546.6M | 387.6K t |
| 2022 | $789.0M | 383.8K t |
| 2021 | $594.8M | 370.6K t |
| 2020 | $382.6M | 359.5K t |
| 2019 | $375.1M | 391.2K t |
| 2018 | $345.4M | 303.2K t |
| 2017 | $316.8M | 262.1K t |
Top oleic acid exporting countries
Indonesia is the largest exporter with 37% of world exports, followed by Malaysia and China. The top three supply 74% between them, out of 67 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| Indonesia | $224.9M | 37% |
| Malaysia | $198.6M | 32% |
| China | $32.2M | 5.2% |
| Netherlands | $30.9M | 5% |
| Belgium | $29.0M | 4.7% |
| Italy | $16.3M | 2.7% |
| United States | $15.0M | 2.4% |
| Germany | $13.4M | 2.2% |
| India | $13.4M | 2.2% |
| Argentina | $9.4M | 1.5% |
| Spain | $7.2M | 1.2% |
| Japan | $3.9M | 0.6% |
Top importing countries and buyer markets
The largest importers are China (10%), the Netherlands (9%) and Malaysia (8%). 121 countries imported it, and the top three take 28% of the value.
| Importer | Value | Share |
|---|---|---|
| China | $63.3M | 10% |
| Netherlands | $57.0M | 9.3% |
| Malaysia | $50.8M | 8.3% |
| United States | $50.1M | 8.2% |
| Japan | $45.0M | 7.3% |
| South Korea | $44.2M | 7.2% |
| Italy | $29.6M | 4.8% |
| Germany | $29.3M | 4.8% |
| India | $26.9M | 4.4% |
| Belgium | $26.8M | 4.4% |
| France | $26.1M | 4.3% |
| Spain | $24.7M | 4% |
Average price per kg
The world average declared value was about $1.48 per kg in 2024. Among the main exporters, the United States averaged $2.35 per kg and Indonesia $1.32 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.
Related product types
Who is behind these numbers in this market?
The shipment records behind Oleic acid (HS 3823.12) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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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 3823.12: Industrial monocarboxylic fatty acids, acid oils from refining: oleic acid. HS 3823 codes.
Common questions
Which countries export the most oleic acid?
Indonesia exported $224.9 million in 2024, 37% of the world total, followed by Malaysia (32%) and China (5%). In all, 67 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most oleic acid?
China imported $63.3 million in 2024, 10% of world imports, ahead of the Netherlands (9%) and Malaysia (8%). The top three importers together take 28%. Each country with its own page is linked from the table.
How big is the world trade in oleic acid?
It was worth $613.7 million in 2024, about 414.4 thousand tonnes. That is an increase of 94% since 2017. The peak year was 2022 at $789.0 million. 67 countries reported exports and 121 reported imports.
What is the average price of oleic acid per kg?
The world average declared value was about $1.48 per kg in 2024. Among the main exporters, the United States averaged $2.35 per kg and Indonesia $1.32 per kg, so grade and origin matter. Read it as a benchmark: it blends all grades, origins and contract terms.
What is the HS code for oleic acid?
The HS code for oleic acid is subheading 3823.12, in chapter 38 (chemical products n.e.c.). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 3823 page.
How can I find oleic acid buyers and suppliers?
Company names sit below these country totals: EximDataX reads the customs records shipment by shipment, with dates and values. We can show oleic acid buyers and suppliers on a short call.
See what your buyers are buying.Then decide.
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