HS4 subsector intelligence

Oils of fish
HS4 1504 trade overview

A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.

HS4 15041995-2024 coverageRapid growth
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$4.5BGlobal subsector value
02

Annual change

+21.1%Latest year on year
03

Exporters

121Active reporting countries
04

Importers

177Active reporting countries
05

HS6 products

3Classifications inside HS4

The subsector read

$4.5B in trade, with +23.2% annualized growth over three years.

Oils of fish is recorded across 2,220 active corridors, with 121 exporters and 177 importers.

Annual trend

Subsector momentum over time

Reported global trade from 1995 to 2024. Read the methodology ↗

Annual subsector tradeReported global trade from 1995 to 2024.1995: $442.5M1996: $437.2M1997: $451.2M1998: $375.4M1999: $336.2M2000: $316.7M2001: $386.6M2002: $415.6M2003: $502.2M2004: $627.3M2005: $677.6M2006: $827.4M2007: $1.1B2008: $1.6B2009: $1.2B2010: $1.3B2011: $1.7B2012: $2.0B2013: $1.9B2014: $1.9B2015: $1.8B2016: $1.8B2017: $1.8B2018: $2.0B2019: $2.0B2020: $2.3B2021: $2.4B2022: $3.0B2023: $4.3B2024: $4.5B
Reported global trade by year.

Top trade corridors

Where the subsector moves

Leading exporter-to-importer relationships by latest reported value. See data sources ↗

Latest reported relationshipsTop 10 by trade value
RankExporterImporterTrade valueGrowthHS6DistanceFTA
1DenmarkDNKNorwayNOR$309.1M+35.1%2484 kmYes
2PeruPERNorwayNOR$116.4M+3.2%111,032 kmYes
3ChinaCHNChileCHL$110.4M+162.7%318,861 kmYes
4IcelandISLNorwayNOR$105.0M+48.7%21,751 kmYes
5NorwayNORTurkeyTUR$102.3M+30.9%22,449 kmYes
6PeruPERChileCHL$101.3M+46.6%12,459 kmYes
7PeruPERCanadaCAN$92.3M+5.5%26,177 kmYes
8PeruPERUSA, Puerto Rico and US Virgin IslandsUSA$90.1M+38.9%15,849 kmYes
9AustraliaAUSChinaCHN$78.9M+21.4%28,024 kmYes
10ChinaCHNAustraliaAUS$77.7M+152.8%28,024 kmYes

Market structure

Where supply and demand concentrate

Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗

Top exporters2024 ranking
RankCountryExportsPartnersHS6
1PeruPER$664.5M352
2ChinaCHN$467.4M1053
3DenmarkDNK$382.7M513
4ChileCHL$326.7M443
5NorwayNOR$292.0M743
6USA, Puerto Rico and US Virgin IslandsUSA$282.3M1023
7IcelandISL$230.9M783
8MoroccoMAR$192.9M303
9Viet NamVNM$170.4M193
10MexicoMEX$144.3M193
Top importers2024 ranking
RankCountryImportsPartnersHS6
1NorwayNOR$936.7M423
2ChinaCHN$448.3M483
3USA, Puerto Rico and US Virgin IslandsUSA$350.1M403
4ChileCHL$309.3M393
5United KingdomGBR$251.0M323
6CanadaCAN$231.5M413
7DenmarkDNK$174.6M373
8TurkeyTUR$174.3M353
9BelgiumBEL$172.4M293
10AustraliaAUS$123.1M293

HS6 product coverage

The products inside HS4 1504

Six-digit classifications make the subsector specific. Browse the product workspace ↗

3 classifications shownOils of fish
01
Oils of fish: fish-liver oils and their fractions, whether or not refined, but not chemically modifiedHS6 150410
02
Fats and oils and their fractions: of fish, (excluding liver-oils)HS6 150420
03
Fats and oils and their fractions: of marine mammalsHS6 150430

Definitions and coverage

Read the numbers with context

Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗

01

Reported values

Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.

02

Calculated indicators

Growth, concentration, volatility, and peak comparisons are calculated from reported observations.

03

Missing data

Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.

Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.