# HS 230690 Whether Or Not Ground Or In The Form global trade...

Reported global trade in whether or not ground or in the form of pellets, resulting from the extraction of oils, n.e.c. in heading no. 2306 reached $768.2M in 2024, with five-year annual growth of +17.1%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $349.8M | +6% | +7% |
| 2014 | $360.9M | +3.1% | +4.6% |
| 2015 | $340.4M | -5.7% | +1% |
| 2016 | $254.7M | -25.2% | -10% |
| 2017 | $287.1M | +12.7% | -7.3% |
| 2018 | $357.7M | +24.6% | +1.7% |
| 2019 | $349.3M | -2.3% | +11.1% |
| 2020 | $383.2M | +9.7% | +10.1% |
| 2021 | $482.5M | +25.9% | +10.5% |
| 2022 | $824.4M | +70.9% | +33.1% |
| 2023 | $1.0B | +26.1% | +39.5% |
| 2024 | $768.2M | -26.1% | +16.8% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $228.6M | +103.3% | 14 |
| Italy | $94.0M | +33.7% | 36 |
| Malaysia | $51.7M | +37% | 20 |
| Netherlands | $49.5M | +74.2% | 44 |
| Viet Nam | $42.5M | +3.8% | 13 |
| Yemen | $40.9M | +9.5% | 3 |
| Spain | $31.4M | +43.6% | 26 |
| Republic of Korea | $28.1M | -10.1% | 19 |
| Bangladesh | $22.5M | -2.5% | 3 |
| India | $15.1M | -8.4% | 15 |
| France | $12.1M | +2.3% | 44 |
| Japan | $11.9M | +2.4% | 21 |

_Source: reported merchandise trade data. Updated 2026-08-14._