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2023
Exports $40.3MWorld Rnk 39 / 150
Flag Rnk 963 / 1215
2023
Destination $17.3M North Korea
2022 - 2023
FASTEST GROWING MARKET $17.3MNorth Korea
2023
PRODUCT COMPLEXITY IN Palm Oil-2.25Rnk 1010 / 1025
2023
Imports $4.85BWorld Rnk 2 / 206
Flag Rnk 70 / 1214
2023
Origin $8.81M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $8.81MColombia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $40.3M in Palm Oil, making it the 39th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 963rd most exported product in China. The main destination of Palm Oil exports from China are: North Korea ($29.5M), Hong Kong ($4.17M), Mongolia ($1.74M), Tanzania ($1.48M), and Ethiopia ($583k).

The fastest growing export markets for Palm Oil of China between 2022 and 2023 were North Korea ($17.3M), Mongolia ($1.67M), and Tanzania ($1.48M).

Imports In 2023, China imported $4.85B in Palm Oil, becoming the 2nd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 70th most imported product in China. China imports Palm Oil primarily from: Indonesia ($3.79B), Malaysia ($1.03B), Colombia ($18.4M), Thailand ($3.89M), and Burma ($2.53M).

The fastest growing import markets in Palm Oil for China between 2022 and 2023 were Colombia ($8.81M), Burma ($1.67M), and Thailand ($1.36M).

Latest Trends

December 2024

About

Overview In December 2024 China's Palm Oil exports accounted up to $582k and imports accounted up to $415M, resulting in a negative trade balance of $414M. Between December 2023 and December 2024 the exports of China's   Palm Oil have decreased by $-2.23M (-79.3%) from $2.81M to $582k, while imports increased by $40.5M (10.8%) from $375M to $415M.

Destinations In December 2024, Palm Oil were exported mostly to Hong Kong ($457k), North Korea ($114k), Netherlands ($4.7k), South Korea ($3.81k), and Macau ($3.13k), and were imported mostly from Indonesia ($271M), Malaysia ($144M), Thailand ($47.6k), and Japan ($8.32k).

Growth In December 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Palm Oil's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($99.9k or 113%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-2.23M(-79.3%)
IMPORT GROWTH (December 2023 - December 2024)$40.5M(10.8%)
MAIN EXPORTER (December 2024)Liaoning Province$2.67M
MAIN DESTINATION (December 2024)Hong Kong$457k

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

Trade Balance

Color
EXPORTS (2023)$40.3M
IMPORTS (2023)$4.85B
NET TRADE (2023)-$4.81B

In 2023, China exported $40.3M in Palm Oil. The main destinations of China exports on Palm Oil were North Korea ($29.5M), Hong Kong ($4.17M), Mongolia ($1.74M), Tanzania ($1.48M), and Ethiopia ($583k).

In 2023, China imported $4.85B in Palm Oil, mainly from Indonesia ($3.79B), Malaysia ($1.03B), Colombia ($18.4M), Thailand ($3.89M), and Burma ($2.53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR China WERE (2022 - 2023):
North Korea$17.3M (142%)
Mongolia$1.67M (2.66k%)
Tanzania$1.48M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY China WERE (2022 - 2023):
Malawi-$894k (-99.8%)
Hong Kong-$744k (-15.1%)
Indonesia-$549k (-93.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Palm Oil were:
Indonesia $24.8B
Malaysia $14B
Netherlands $1.12B
In 2023, China's main importing competitors in Palm Oil were:
India $8.7B
Pakistan $2.86B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $895k
TOP IMPORT POTENTIALMalaysia+ $344M

Palm Oil’s highest export potential is United States. With an export gap of $895k.   Palm Oil’s highest import potential is Malaysia with an import gap of $344M.

See methodology.

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