HS Icon Palm Oil in  Flag China

2020
Exports | Imports
: $21.3M | $3.66B, World Rnk 36 / 140
Flag Rnk 1005 / 1215 | World Rnk 2 / 202
Flag Rnk 74 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $981k | $274M, Hong Kong |  Malaysia

2020
ECONOMIC COMPLEXITY of China
: 0.96, Rnk 28 / 127

2020
PRODUCT COMPLEXITY  IN Palm Oil
: -2.13, Rnk 1013 / 1029

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%).

December 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (December 2021 - December 2022): $-1.54M, (-69.1%)

IMPORT GROWTH (December 2021 - December 2022): $-139M, (-20.9%)

MAIN EXPORTER (December 2022): Guangdong Province, $504k

MAIN DESTINATION (December 2022): Hong Kong, $504k

This section shows Palm Oil's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Palm Oil over time.

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Historical Data

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EXPORTS (2020): $21.3M

IMPORTS (2020): $3.66B

NET TRADE (2020): -$3.64B

In 2020, China exported $21.3M in Palm Oil. The main destinations of China exports on Palm Oil were North Korea ($12.4M), Hong Kong ($4.36M), Mongolia ($2.56M), Serbia ($619k), and Canada ($174k).

In 2020, China imported $3.66B in Palm Oil, mainly from Indonesia ($2.47B), Malaysia ($1.18B), Papua New Guinea ($6.23M), Cambodia ($3.77M), and Thailand ($3.18M).

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Flow

THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR China WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY China WERE (2019 - 2020):

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Market Concentration

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In 2020, China's main exporting competitors in Palm Oil were:

In 2020, China's main importing competitors in Palm Oil were:

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