2023
Exports
$5.83MWorld Rnk 57 / 150
Flag Rnk 139 / 945
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$1.4BWorld Rnk 7 / 206
Flag Rnk 7 / 1162
2023
ECONOMIC COMPLEXITY of Bangladesh
-1.03Rnk 113 / 132

About

Exports In 2023, Bangladesh exported $5.83M in Palm Oil, making it the 57th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 139th most exported product in Bangladesh. The main destination of Palm Oil exports from Bangladesh are: India ($5.83M) and South Africa ($23).

The fastest growing export markets for Palm Oil of Bangladesh between 2022 and 2023 were India ($3.34M) and South Africa ($23).

Imports In 2023, Bangladesh imported $1.4B in Palm Oil, becoming the 7th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 7th most imported product in Bangladesh. Bangladesh imports Palm Oil primarily from: Indonesia ($1.16B), Malaysia ($238M), and India ($69k).

The fastest growing import markets in Palm Oil for Bangladesh between 2022 and 2023 were India ($14.9k).

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)$5.83M
IMPORTS (2023)$1.4B
NET TRADE (2023)-$1.39B

In 2023, Bangladesh exported $5.83M in Palm Oil. The main destinations of Bangladesh exports on Palm Oil were India ($5.83M) and South Africa ($23).

In 2023, Bangladesh imported $1.4B in Palm Oil, mainly from Indonesia ($1.16B), Malaysia ($238M), and India ($69k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Bangladesh WERE (2022 - 2023):
India$3.34M (134%)
South Africa$23 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Bangladesh WERE (2022 - 2023):
Kuwait-$10.7k (-100%)
Ghana-$661 (-100%)
Canada-$426 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bangladesh's main exporting competitors in Palm Oil were:
In 2023, Bangladesh'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 POTENTIALIndia+ $4.65M
TOP IMPORT POTENTIALMalaysia+ $40.9M

Palm Oil’s highest export potential is India. With an export gap of $4.65M.   Palm Oil’s highest import potential is Malaysia with an import gap of $40.9M.

See methodology.

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