2023
Exports
$3.34MWorld Rnk 61 / 150
Flag Rnk 27 / 682
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$306MWorld Rnk 37 / 206
Flag Rnk 3 / 1063
2023
ECONOMIC COMPLEXITY of Benin
-0.43Rnk 83 / 132

About

Exports In 2023, Benin exported $3.34M in Palm Oil, making it the 61st largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 27th most exported product in Benin. The main destination of Palm Oil exports from Benin are: Nigeria ($3.04M), Togo ($285k), Niger ($14k), France ($1.17k), and Ireland ($888).

The fastest growing export markets for Palm Oil of Benin between 2022 and 2023 were Nigeria ($1.59M), Togo ($285k), and Niger ($13.9k).

Imports In 2023, Benin imported $306M in Palm Oil, becoming the 37th 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 ($187M), Malaysia ($103M), Cote d'Ivoire ($5.43M), United Arab Emirates ($4.03M), and Togo ($2.57M).

The fastest growing import markets in Palm Oil for Benin between 2022 and 2023 were Indonesia ($100M), Malaysia ($30.6M), and Cote d'Ivoire ($3.82M).

Latest Trends

Dec 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 (2023)$3.34M
IMPORTS (2023)$306M
NET TRADE (2023)-$303M

In 2023, Benin exported $3.34M in Palm Oil. The main destinations of Benin exports on Palm Oil were Nigeria ($3.04M), Togo ($285k), Niger ($14k), France ($1.17k), and Ireland ($888).

In 2023, Benin imported $306M in Palm Oil, mainly from Indonesia ($187M), Malaysia ($103M), Cote d'Ivoire ($5.43M), United Arab Emirates ($4.03M), and Togo ($2.57M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Benin WERE (2022 - 2023):
Nigeria$1.59M (110%)
Togo$285k (1%)
Niger$13.9k (18.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Benin WERE (2022 - 2023):
Ireland-$2.42k (-73.2%)
Canada-$2.08k (-97.7%)
Gabon-$802 (-58.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Benin's main exporting competitors in Palm Oil were:
In 2023, Benin's main importing competitors in Palm Oil were:
India $8.7B
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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