Analysis and Studies - Products analysis
Essential Oils: import and export
March 31st 2023
Essential oils are highly concentrated plant extracts which have become increasingly popular in recent years. As more people turn to natural remedies to reduce stress and anxiety or to relieve pain and inflammation, essential oils can be a beneficial solution.
The use of essential oils dates back thousands of years, with evidence from ancient civilizations such as Egypt, Greece, and Rome. The ancient Egyptians used essential oils in religious ceremonies and for medical purposes, while the Greeks and Romans used them for their fragrant properties. Essential Oils also played an important role in traditional Chinese and Indian medicine.
Today, essential oils are widely used in aromatherapy, massage therapy, and natural medicine practices. While research on their effectiveness is still ongoing, many people swear by their therapeutic benefits and continue to incorporate them into their daily routines.
In 2020, essential oils were the world's 454th most traded product, with a total trade of $5.41B. Trade in essential oils represents 0.032% of total world trade.
In the same year, the top exporters were United States ($816M), India ($712M), France ($480M), China ($403M), and Brazil ($274M), while the top importers were United States ($1.05B), France ($414M), China ($364M), Germany ($350M), and Netherlands ($295M).
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