Exports In 2020, China exported $21.3M in Palm Oil, making it the 36th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 1005th most exported product in China. The main destination of Palm Oil exports from China are: North Korea ($12.4M), Hong Kong ($4.36M), Mongolia ($2.56M), Serbia ($619k), and Canada ($174k).
The fastest growing export markets for Palm Oil of China between 2019 and 2020 were Hong Kong ($981k), Serbia ($598k), and Canada ($165k).
Imports In 2020, China imported $3.66B in Palm Oil, becoming the 2nd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 74th most imported product in China. China imports Palm Oil primarily from: Indonesia ($2.47B), Malaysia ($1.18B), Papua New Guinea ($6.23M), Cambodia ($3.77M), and Thailand ($3.18M).
The fastest growing import markets in Palm Oil for China between 2019 and 2020 were Malaysia ($274M), Cambodia ($3.44M), and Papua New Guinea ($1.27M).
Tariffs In 2018, the average tariff for China in Palm Oil was 8.6%. The countries with the highest import tariffs for Palm Oil were Angola (Most Favoured Nation duty rate treatement, 8.6%), Burundi (Most Favoured Nation duty rate treatement, 8.6%), Benin (Most Favoured Nation duty rate treatement, 8.6%), Burkina Faso (Most Favoured Nation duty rate treatement, 8.6%), and Botswana (Most Favoured Nation duty rate treatement, 8.6%).