2022
Exports
$1.45MWorld Rnk 77 / 149
Flag Rnk 42 / 656
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$312MWorld Rnk 38 / 208
Flag Rnk 3 / 1046
2022
ECONOMIC COMPLEXITY of Benin
-0.5Rnk 86 / 133

About

Exports In 2022, Benin exported $1.45M in Palm Oil, making it the 77th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 42nd most exported product in Benin. The main destination of Palm Oil exports from Benin are: Nigeria ($1.44M), Ireland ($2.95k), France ($1.96k), Canada ($1.55k), and Gabon ($1.23k).

The fastest growing export markets for Palm Oil of Benin between 2021 and 2022 were Canada ($907), Ireland ($526), and United States ($103).

Imports In 2022, Benin imported $312M in Palm Oil, becoming the 38th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 3rd most imported product in Benin. Benin imports Palm Oil primarily from: Indonesia ($175M), Malaysia ($117M), Togo ($11.8M), Niger ($3.07M), and Singapore ($2.41M).

The fastest growing import markets in Palm Oil for Benin between 2021 and 2022 were Malaysia ($67.5M), Togo ($10.1M), and Cote d'Ivoire ($1.78M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
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. 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)$1.45M
IMPORTS (2022)$312M
NET TRADE (2022)-$311M

In 2022, Benin exported $1.45M in Palm Oil. The main destinations of Benin exports on Palm Oil were Nigeria ($1.44M), Ireland ($2.95k), France ($1.96k), Canada ($1.55k), and Gabon ($1.23k).

In 2022, Benin imported $312M in Palm Oil, mainly from Indonesia ($175M), Malaysia ($117M), Togo ($11.8M), Niger ($3.07M), and Singapore ($2.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Benin WERE (2021 - 2022):
Canada$907 (142%)
Ireland$526 (21.7%)
United States$103 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Benin WERE (2021 - 2022):
Nigeria-$793k (-35.5%)
Malaysia-$428k (-100%)
Equatorial Guinea-$115k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Benin's main exporting competitors in Palm Oil were:
In 2022, Benin's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNigeria+ $850k
TOP IMPORT POTENTIALTogo+ $1.17M

Palm Oil’s highest export potential is Nigeria. With an export gap of $850k.   Palm Oil’s highest import potential is Togo with an import gap of $1.17M.

See methodology.

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