Sometimes called hash oil, cannabis oil is a concentrated form of the cannabis plant typically consumed by smoking, vaporizing, eating or absorption through the skin. Besides recreation, cannabis is used to help relieve pain, anxiety and nausea among a growing number of other medicinal applications subject to scientific testing. Innovative uses for cannabis oils include beauty and skin care goods, beverages, chocolates and even cannabis dog treats according to TheStreet writer Steve Fiorillo.
Among continents, Asian countries accounted for the highest dollar worth of exported cannabis oils during 2017 with shipments valued at $1.2 billion or 51% of the global total. In second place were European exporters at 26.6% while 12.5% of worldwide cannabis oils shipments originated from North America. Smaller percentages came from Africa (3.9%) trailed by the Mideast (2.4%), Latin America (2.2%) excluding Mexico then Oceania (0.5%).
The 6-digit Harmonized Tariff System code prefix is 130219 for cannabis oils, extracts and tinctures.
Top Cannabis Oils Exports by Country
- Top 15
- Advantages
- Opportunities
- Companies
- China: US$791.2 million (32.4% of exported cannabis oils)
- India: $254.4 million (10.4%)
- United States: $228.5 million (9.4%)
- Germany: $212 million (8.7%)
- Spain: $145.1 million (5.9%)
- Italy: $80.6 million (3.3%)
- Switzerland: $73.2 million (3%)
- South Korea: $59 million (2.4%)
- Mexico: $46.4 million (1.9%)
- Netherlands: $43.9 million (1.8%)
- Ireland: $43.4 million (1.8%)
- Madagascar: $39.4 million (1.6%)
- Vietnam: $37.7 million (1.5%)
- Belgium: $32.4 million (1.3%)
- Canada: $30.4 million (1.2%)
Among the top exporters, the fastest-growing cannabis oils exporters since 2013 were: Madagascar (up 446.8%), Vietnam (up 367.5%), Netherlands (up 71.3%) and Belgium (up 67.3%).
Three countries posted declines in their export sales of cannabis oils: Italy (down -29%), India (down -0.2%) and Switzerland (down -0.2%).
Searchable List of Cannabis Oils Exporters
See also Drugs and Medicine Exports by Country, Heart Pacemaker Export Sales by Country and Cannabis Oils Imports by Country
Research Sources:
Cision, Companies That Stand to Benefit From Record Growth in CBD Market (press release). Accessed on October 14, 2018
Investopedia, Net Exports Definition. Accessed on October 14, 2018
The Motley Fool, The 10 Largest Marijuana Stocks by Sean Williams. Accessed on October 14, 2018
The Street, 5 Cannabis Products on the Rise in 2018 by Steve Fiorillo. Accessed on October 14, 2018
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on October 14, 2018
Trade Map, International Trade Centre. Accessed on October 14, 2018
Directorate General Of Foreign Trade | Ministry Of Commerce And Industry | Government Of India,Trade 