Overall, the value of imported cannabis oils increased by an average 20.3% for all buyer countries starting from $3.14 billion in 2018.
Year over year, global spending on imported cannabis oils flatlined via a 0.4% compared to $3.76 billion for 2021.
The 5 largest buyers of imported cannabis oils are buyers in the United States of America, Germany, South Korea, Italy and France. Combined, that quintet of major importers spent over half (51.9%) of overall purchases for imported cannabis oils during 2022.
From a continental perspective, buyers in European countries spent the most on imported cannabis oils during 2022 with purchases costing $1.35 billion or 35.6% of the global total. In second place were North American importers at 30.5% while another 26.9% of cannabis oils imported worldwide arrived in Asia.
Smaller percentages went to buyers in Oceania (3.3%) led by Australia and New Zealand, Latin America (2.8%) excluding Mexico but including the Caribbean, then Africa (0.8%).
For research purposes, the 6-digit Harmonized Tariff System code prefix for cannabis oils is 130219 for cannabis oils, extracts and tinctures.
Cannabis Oils Imports by Country
Below are the 25 countries that paid the most for imported cannabis oils during 2022.
- United States: US$1 billion (27.5% of total imported cannabis oils)
- Germany: $285.4 million (7.5%)
- South Korea: $265.4 million (7%)
- Italy: $211.5 million (5.6%)
- France: $161.4 million (4.3%)
- China: $133.5 million (3.5%)
- Japan: $130.2 million (3.4%)
- Spain: $117.1 million (3.1%)
- Canada: $99.7 million (2.6%)
- Australia: $97.8 million (2.6%)
- Netherlands: $89.4 million (2.4%)
- Vietnam: $80.4 million (2.1%)
- Hong Kong: $75.5 million (2%)
- United Kingdom: $67.8 million (1.8%)
- Belgium: $58 million (1.5%)
- Brazil: $56.2 million (1.5%)
- India: $53.8 million (1.4%)
- Poland: $50.6 million (1.3%)
- Taiwan: $48.1 million (1.3%)
- Switzerland: $43.3 million (1.1%)
- Malaysia: $38.7 million (1%)
- Thailand: $35 million (0.9%)
- Ireland: $34.6 million (0.9%)
- Austria: $33.4 million (0.9%)
- Russia: $31.2 million (0.8%)
By value, the listed 25 countries purchased 88.3% of all cannabis oils imported in 2022.
Among the above countries, the fastest-growing markets for cannabis oils since 2021 were: Vietnam (up 264.7%), Hong Kong (up 57.5%), Italy (up 41.5%) and Australia (up 23.6%).
Major buyer countries that posted declines in their imported cannabis oils purchases were led by: Austria (down -45.7% from 2021), Thailand (down -18%), France (down -9.8%) and the United States of America (down -9.2%).
Cannabis Oils Imported into the United States
America’s global purchases of imported cannabis oils totaled US$1.04 billion in 2022. Below are the top 15 suppliers from which America imported the highest dollar value worth of cannabis oils during 2022. Within parenthesis is the percentage change in value for each supplying country since 2021.
- India: US$325.9 million (down -6.2% from 2021)
- mainland China: $304.3 million (up 1.9%)
- France: $86 million (down -10.4%)
- Spain: $64.5 million (down -13.1%)
- Italy: $56 million (up 0.9%)
- Mexico: $35 million (down -18%)
- Australia: $25.3 million (down -29.4%)
- Germany: $18.6 million (down -48.3%)
- Switzerland: $15.7 million (down -3%)
- Japan: $14.1 million (down -25.1%)
- Brazil: $10.1 million (down -38.3%)
- South Korea: $9 million (down -48.3%)
- Hong Kong: $7.6 million (down -57.3%)
- Canada: $7.6 million (down -6%)
- Tanzania: $7.3 million (up 10.7%)
By value, the listed 15 countries shipped 95% of cannabis oils imported by the United States of America in 2022.
Among the above countries, growth suppliers of cannabis oils to the United States since 2021 were: Tanzania (up 10.7%), mainland China (up 1.9%) and Italy (up 0.9%).
Countries that experienced declines in the value of their cannabis oils supplied to American importers included: Hong Kong (down -57.3% from 2021), South Korea (down -48.3%), Germany (down -48.3%) and Brazil (down -38.3%).
Overall, the value of America’s imported cannabis oils fell by an average -9.2% from all supplying countries since 2021 when cannabis oils purchased cost $1.1 billion.
Cannabis Oils Imported into Germany
Germany’s global purchases of imported cannabis oils totaled US$285.4 million in 2022. Below are the top 15 suppliers from which Germany imported the highest dollar value worth of cannabis oils during 2022. Within parenthesis is the percentage change in value for each supplying country since 2021.
- Ireland: US$46.7 million (up 54.7% from 2021)
- mainland China: $43.9 million (up 5.6%)
- France: $33.7 million (up 0.9%)
- Spain: $32.5 million (down -23.8%)
- India: $23.7 million (up 37.2%)
- Switzerland: $18.5 million (up 4.5%)
- Italy: $17.5 million (down -18.6%)
- Madagascar: $13.2 million (down -52.6%)
- Kenya: $10.8 million (up 12.5%)
- United States of America: $9.1 million (down -16.8%)
- Netherlands: $7.1 million (down -17.9%)
- Mexico: $5.4 million (down -9%)
- South Africa: $3.5 million (up 19.6%)
- Brazil: $3.3 million (up 42.6%)
- Slovenia: $2.5 million (down -10.3%)
By value, the listed 15 countries shipped 95.1% of cannabis oils imported by Germany in 2022.
Among the above countries, the fastest-growing suppliers of cannabis oils to Germany since 2021 were: Ireland (up 54.7%), Brazil (up 42.6%), India (up 37.2%) and South Africa (up 19.6%).
Major suppliers that experienced declines in the value of their cannabis oils supplied to German importers included: Madagascar (down -52.6% from 2021), Spain (down -23.8%), Italy (down -18.6%) and the Netherlands (down -17.9%).
Overall, the value of Germany’s imported cannabis oils went down by an average -2.6% from all supplying countries since 2021 when cannabis oils purchased cost $292.9 million.
Cannabis Oils Imported into South Korea
South Korea’s global purchases of imported cannabis oils totaled US$265.4 million in 2022. Below are the top 15 suppliers from which South Korea imported the highest dollar value worth of cannabis oils during 2022. Within parenthesis is the percentage change in value for each supplying country since 2021.
- Vietnam: US$71.4 million (up 34.4% from 2021)
- mainland China: $55.6 million (up 0.6%)
- India: $38.2 million (up 9.4%)
- United States of America: $20.6 million (down -0.6%)
- France: $18 million (down -33.2%)
- Spain: $15.99 million (up 8.8%)
- Germany: $15.96 million (up 23.6%)
- Italy: $5.2 million (down -9.1%)
- Mexico: $5.1 million (down -6%)
- Switzerland: $3.1 million (up 1.5%)
- Japan: $2.2 million (down -12.8%)
- Canada: $2.1 million (up 41.7%)
- Singapore: $1.9 million (up 1%)
- Costa Rica: $1.8 million (up 47.9%)
- Brazil: $1.2 million (up 24.2%)
By value, the listed 15 countries shipped 97.3% of cannabis oils imported by South Korea in 2022.
Among the above countries, the fastest-growing suppliers of cannabis oils to South Korea since 2021 were: Costa Rica (up 47.9%), Canada (up 41.7%), Vietnam (up 34.4%) and Brazil (up 24.2%).
Major suppliers that experienced declines in the value of their cannabis oils supplied to Korean importers included: France (down -33.2% from 2021), Japan (down -12.8%), Italy (down -9.1%) and Mexico (down -6%).
Overall, the value of South Korea’s imported cannabis oils rose by an average 6.8% from all supplying countries since 2021 when cannabis oils purchased cost $248.4 million.
Cannabis Oils Imported into Italy
Italy’s global purchases of imported cannabis oils totaled US$211.5 million in 2022. Below are the top 15 suppliers from which Italy imported the highest dollar value worth of cannabis oils during 2022. Within parenthesis is the percentage change in value for each supplying country since 2021.
- Vietnam: US$82.2 million (up 306.3% from 2021)
- mainland China: $42.5 million (up 31.5%)
- France: $18.6 million (down -8.4%)
- Germany: $12.5 million (up 10.5%)
- Spain: $7.4 million (up 21.1%)
- India: $7 million (down -15.2%)
- Mexico: $5.2 million (down -8.6%)
- Australia: $5 million (down -2.7%)
- United States of America: $4.9 million (up 15.7%)
- Belgium: $4.2 million (down -54.6%)
- Slovenia: $3.8 million (down -34.4%)
- Netherlands: $3 million (up 77%)
- Argentina: $2.6 million (up 1.5%)
- Ireland: $2 million (up 0.9%)
- Rwanda: $1.7 million (down -16.7%)
By value, the listed 15 countries shipped 95.9% of cannabis oils imported by Italy in 2022.
Among the above countries, the fastest-growing suppliers of cannabis oils to Italy since 2021 were: Vietnam (up 306.3%), Netherlands (up 77%), mainland China (up 31.5%) and Spain (up 21.1%).
Major suppliers that experienced declines in the value of their cannabis oils supplied to Italian importers included: Belgium (down -54.6% from 2021), Slovenia (down -34.4%), Rwanda (down -16.7%) and India (down -15.2%).
Overall, the value of Italy’s imported cannabis oils rose by an average 41.5% from all supplying countries since 2021 when cannabis oils purchased cost $149.5 million.
See also Imports of Drugs and Medicines by Country, Sugar Imports by Country and Top Cannabis Oils Exports by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Imports – Commodities. Accessed on September 6, 2023
Cision, Companies That Stand to Benefit From Record Growth in CBD Market (press release). Accessed on September 6, 2023
International Trade Centre, Trade Map. Accessed on September 6, 2023
Investopedia, Net Exports Definition. Accessed on September 6, 2023
The Motley Fool, The 10 Largest Marijuana Stocks… by Sean Williams. Accessed on September 6, 2023
The Street, 5 Cannabis Products on the Rise… by Steve Fiorillo. Accessed on September 6, 2023
Wikipedia, Hash oil. Accessed on September 6, 2023
