The quantity of canola oil sold by Portugal in 2020 was 3,714 metric tonnes. In 2019 Portugal sold 43 tonnes of canola oil. In 2019 alone, the interest in Portugal canola oil (processed category) has shrunk, changing by -60.909 pc compared to the year 2018. Between 2017 and 2019, canola oil's exports went down by -98.52% earning Portugal US$0.04m for the year 2019. Portugal's canola oil exports are classified as:
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
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Portugal rapsöl export values
In 2019, Portugal exported canola oil costing 0.04m USD, a decrease of -66.39% from 2018's total canola oil export of 0.119m USD. The yearly reduction in value of Portugal canola oil between 2017 to 2018 was -96.146%.
The per year variation in the quantity of Portugal's canola oil exports between 2017 and 2019 was -98.52 pc compared to a variation of -60.909% in the period between 2018 and 2019.
Portugal's stake of the world's total canola oil's exports in 2019 was less than 1%. The country holds position 38 in world exports of canola oil.
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Export markets for Portugal rapsöl ( in '000$ )
Portugal's top destinations for canola oil are Spain, Mozambique, Morocco, France and Israel.
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Import/Export Trends
Portugal is a net importer of canola oil. The annual growth of Portugal canola oil in value between 2015 to 2019 was -2%, per annum, while annual growth in quantity through the same period was -8%, per annum.
Portugal procured 26,317 tonnes of canola oil in 2019.
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