# Vegetable oils (HS4 1511) Trade Overview | Yugalinks

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Vegetable oils at HS4 1511, with reported global trade through 2024.

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## Answer

The vegetable oils subsector recorded $41.4B in reported global trade in 2024, with -7.4% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $41.4B |
| Latest annual change | -7.4% |
| Active exporters | 154 |
| Active importers | 200 |
| Active HS6 products | 2 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $5.2B | 1,202 | 2 |
| 1996 | $5.0B | 1,210 | 2 |
| 1997 | $5.3B | 1,205 | 2 |
| 1998 | $5.9B | 1,254 | 2 |
| 1999 | $5.3B | 1,412 | 2 |
| 2000 | $4.2B | 1,503 | 2 |
| 2001 | $4.2B | 1,544 | 2 |
| 2002 | $6.3B | 1,745 | 2 |
| 2003 | $8.5B | 1,725 | 2 |
| 2004 | $10.2B | 1,852 | 2 |
| 2005 | $9.9B | 1,921 | 2 |
| 2006 | $12.0B | 2,020 | 2 |
| 2007 | $18.2B | 2,020 | 2 |
| 2008 | $28.5B | 2,053 | 2 |
| 2009 | $22.4B | 2,135 | 2 |
| 2010 | $28.5B | 2,112 | 2 |
| 2011 | $39.7B | 2,253 | 2 |
| 2012 | $38.8B | 2,360 | 2 |
| 2013 | $34.1B | 2,376 | 2 |
| 2014 | $34.5B | 2,447 | 2 |
| 2015 | $29.1B | 2,496 | 2 |
| 2016 | $28.2B | 2,493 | 2 |
| 2017 | $33.5B | 2,657 | 2 |
| 2018 | $30.5B | 2,603 | 2 |
| 2019 | $28.5B | 2,663 | 2 |
| 2020 | $32.3B | 2,487 | 2 |
| 2021 | $48.7B | 2,582 | 2 |
| 2022 | $55.8B | 2,696 | 2 |
| 2023 | $44.3B | 2,671 | 2 |
| 2024 | $41.4B | 2,672 | 2 |

## Leading corridors

- Indonesia to India: $4.0B; growth +5.3%.
- Malaysia to India: $2.6B; growth -10.7%.
- Indonesia to Pakistan: $2.5B; growth -2.4%.
- Indonesia to China: $2.1B; growth -20.1%.
- Indonesia to USA, Puerto Rico and US Virgin Islands: $1.4B; growth -0.7%.
- Malaysia to China: $996.4M; growth -8.2%.
- Malaysia to Kenya: $958.6M; growth +11.2%.
- Indonesia to Bangladesh: $954.9M; growth -11%.
- Indonesia to Egypt: $733.5M; growth -11.2%.
- Thailand to India: $702.2M; growth +7.2%.

## HS6 products

- Vegetable oils: palm oil and its fractions, crude, not chemically modified (HS6 151110)
- Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified (HS6 151190)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.