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Exports In 2022, Colombia exported $132M in Palm oil or fractions simply refined, making it the 18th largest exporter of Palm oil or fractions simply refined in the world. At the same year, Palm oil or fractions simply refined was the 31st most exported product in Colombia. The main destination of Palm oil or fractions simply refined exports from Colombia are: Venezuela ($26.1M), United States ($24.5M), Ecuador ($16.3M), China ($9.64M), and Canada ($8.18M).

The fastest growing export markets for Palm oil or fractions simply refined of Colombia between 2021 and 2022 were Venezuela ($12.9M), United States ($9.5M), and China ($7.62M).

Imports In 2022, Colombia imported $145M in Palm oil or fractions simply refined, becoming the 53rd largest importer of Palm oil or fractions simply refined in the world. At the same year, Palm oil or fractions simply refined was the 76th most imported product in Colombia. Colombia imports Palm oil or fractions simply refined primarily from: Indonesia ($76.2M), Ecuador ($63.3M), Peru ($3.4M), Nicaragua ($1.35M), and Sweden ($371k).

The fastest growing import markets in Palm oil or fractions simply refined for Colombia between 2021 and 2022 were Ecuador ($7.35M), Peru ($2.89M), and Nicaragua ($1.35M).

COMPANIES In 2023, leading companies such as Rothfos (1) and SKF Group (1) were at the forefront of shipping Palm oil or fractions simply refined from Colombia to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Palm oil or fractions simply refined. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$132M
IMPORTS (2022)$145M
NET TRADE (2022)-$13.1M

In 2022, Colombia exported $132M in Palm oil or fractions simply refined. The main destinations of Colombia exports on Palm oil or fractions simply refined were Venezuela ($26.1M), United States ($24.5M), Ecuador ($16.3M), China ($9.64M), and Canada ($8.18M).

In 2022, Colombia imported $145M in Palm oil or fractions simply refined, mainly from Indonesia ($76.2M), Ecuador ($63.3M), Peru ($3.4M), Nicaragua ($1.35M), and Sweden ($371k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm oil or fractions simply refined EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Venezuela$12.9M (97.2%)
United States$9.5M (63.3%)
China$7.62M (379%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm oil or fractions simply refined BY Colombia WERE (2021 - 2022):
Ecuador-$21.8M (-57.3%)
Brazil-$2.38M (-42.3%)
Mexico-$1.98M (-95.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Palm oil or fractions simply refined were:
In 2022, Colombia's main importing competitors in Palm oil or fractions simply refined were:
China $4.84B
India $3.2B

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Trade Value of Palm oil or fractions simply refined by Exporters

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