Product intelligence · HS 120750 · 2024 data

Oil seeds: mustard seeds, whether or not broken

Global exports of oil seeds: mustard seeds, whether or not broken totalled $367,133,726 in 2024, a -29.3% change from the previous year. Traded by 115 countries across 1,484 bilateral corridors, with demand from 186 importing markets. The long-term trend is growing.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$367.1M

-29.3% YoY

3Y / 5Y CAGR

+5.6%

5Y: +8.3%

Supply structure

Moderately concentrated

HHI 0.216

Volatility

Low

Score 14/100

1.

Market movement

In 2024, oil seeds: mustard seeds, whether or not broken trade exhibited significant decline, with global flows reaching $367,133,726 and a three-year compound annual growth rate of +5.6% (five-year: +8.3%). The all-time peak of $519,181,636 was recorded in 2023; the current level is 29% below that high-water mark.

Over the 30-year observation window (19952024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (+2.4% acceleration).

The World Trade Flows Characterization classifies oil seeds: mustard seeds, whether or not broken as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.216). The three largest exporters — Canada ($156.2M), Germany ($45.0M), and Russia ($37.1M) — collectively dominate supply flows. The leading exporter has grown at +18.5% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.100). The three largest import markets are United States ($83.1M), Germany ($47.1M), and France ($47.0M). The largest importing market sources from 20 different supplying countries.

Estimated substitution elasticity: -12.33. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Canada → United States at $80.1M, representing 96.5% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for oil seeds: mustard seeds, whether or not broken is 14 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $519,181,636 in 2023. Currently 29% below peak.

YearGlobal trade (USD)YoY growth
2015$231,317,315-13.9%
2016$216,107,838-6.6%
2017$223,378,821+3.4%
2018$250,724,130+12.2%
2019$245,952,670-1.9%
2020$250,091,344+1.7%
2021$312,084,393+24.8%
2022$468,688,923+50.2%
2023$519,181,636+10.8%
2024$367,133,726-29.3%

Top exporting countries

Ranked by export value of oil seeds: mustard seeds, whether or not broken in 2024.

View all 115 exporters →

Top importing markets

Largest import destinations for oil seeds: mustard seeds, whether or not broken.

View all 186 markets →

Leading trade corridors

Largest bilateral export flows for oil seeds: mustard seeds, whether or not broken, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1CanadaUnited States$80.1M+16.4%
2GermanyFrance$26.5M+14.1%
3CanadaBelgium$21.3M+21.5%
4IndiaNepal$17.5M-1.2%
5ArgentinaFrance$16.3M+833.2%
6UkraineGermany$15.1M+34.4%
7United StatesCanada$13.2M+42.8%
8RussiaPoland$10.6M-1.5%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.