Top Cannabis Oil Suppliers and Importers in 2019

Industry News - Biggest Imports 2019

In 2019, the total revenue coming from cannabis oil exports hit $2.9 billiona 23.3% increase for all cannabis oil suppliers in the last five years. Over the same period, international purchases totaled $3.1 billion, with an average value increase of 38.6% for all buyers since 2015. 

Now, when we take a look at the very top of the list, countries from Asia managed to generate a revenue of $1.5 billion in shipments, which is 51.9% of the total global amount. European countries were not far behind with 29.1%, whereas North American countries ranked third on the list with a respectable share of 12.7%. Smaller export shipments were made from Africa (3.5%), Latin America (2.1%), and Oceania (0.6%) with most of the contributions coming from Australia. 

As for purchases, European countries had the largest demand for imported cannabis oil in 2019 — 35.9% (or $1.1 billion). Next on the list was North America (31.8%), Asia with 25.5%, Oceania (2.6%), Latin America (2.5%), and Africa (1.6%).

Here are the top 10 cannabis oil importers from 2019:

  1. China with a staggering $964 million (33.4% of all oil exports).
  2. India — $320.8 million (11.1%).
  3. The US — a respectable $309.7 million (10.7%).
  4. Germany — $229.8 million (8%).
  5. Spain — $190.5 million (6.6%).
  6. Italy — $99 million (3.4%).
  7. Switzerland — $72.8 million (2.5%).
  8. South Korea — $59.7 million (2.1%).
  9. The Netherlands — $59.6 million (2.1%).
  10. Vietnam — $54.3 million (1.9%).

The Netherlands and Vietnam were the two fastest-growing contenders on the list. What’s more, Italy was the only exporter with a decrease in shipments in the 2015–2019 time period, with a −16.5% drop.

Lastly, when looking at purchases, we have the following top 10:

  1. The US with $893.2 million (28.7%).
  2. Germany — $240.9 million (7.8%).
  3. South Korea — $207.7 million (6.7%).
  4. Japan — a respectable $155.8 million (5%).
  5. France — $152.7 million (4.9%).
  6. Italy — $102.1 million (3.3%).
  7. Spain — $86.7 million (2.8%).
  8. China — $80.8 million (2.6%).
  9. Canada — $80.4 million (2.6%).
  10. The Netherlands — $76.5 million (2.5%).

When it comes to cannabis flowers, Israel has just surpassed Germany, but we’ll just have to wait and see what happens this year both with flowers and oils. 

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