Top Cannabis Oil Suppliers and Importers in 2019

In 2019, the total revenue coming from cannabis oil exports hit $2.9 billion — a 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. 

About the Author

Szabolcs Szecsei

With over a decade of experience in writing and two decades in making music, Szabolcs is all ears when it comes to creating written and audio content. As an active touring/recording musician and creative writer, he focuses on exploring new places, experiences, and topics. He also rediscovered his long lost love for gaming, which only fueled his appetite to research new tech trends. Lastly, his enthusiasm toward powerlifting also means that he's trying to be well-versed in other topics too, such as lifestyle, fitness, resistance training, bodybuilding, and strength sports.

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