2022
Exports
$676MWorld Rnk 7 / 149
Flag Rnk 10 / 1142
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$179MWorld Rnk 50 / 208
Flag Rnk 89 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $676M in Palm Oil, making it the 7th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 10th most exported product in Colombia. The main destination of Palm Oil exports from Colombia are: Brazil ($117M), Netherlands ($109M), Spain ($81.7M), Mexico ($79.9M), and Italy ($67.3M).

The fastest growing export markets for Palm Oil of Colombia between 2021 and 2022 were Netherlands ($58.2M), Mexico ($34.9M), and Dominican Republic ($21.8M).

Imports In 2022, Colombia imported $179M in Palm Oil, becoming the 50th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 89th most imported product in Colombia. Colombia imports Palm Oil primarily from: Ecuador ($92.9M), Indonesia ($76.2M), Peru ($5.43M), Guatemala ($2.01M), and Nicaragua ($1.35M).

The fastest growing import markets in Palm Oil for Colombia between 2021 and 2022 were Ecuador ($23.3M), Peru ($4.38M), and Guatemala ($610k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 (2022)$676M
IMPORTS (2022)$179M
NET TRADE (2022)$498M

In 2022, Colombia exported $676M in Palm Oil. The main destinations of Colombia exports on Palm Oil were Brazil ($117M), Netherlands ($109M), Spain ($81.7M), Mexico ($79.9M), and Italy ($67.3M).

In 2022, Colombia imported $179M in Palm Oil, mainly from Ecuador ($92.9M), Indonesia ($76.2M), Peru ($5.43M), Guatemala ($2.01M), and Nicaragua ($1.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Netherlands$58.2M (116%)
Mexico$34.9M (77.7%)
Dominican Republic$21.8M (69.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Colombia WERE (2021 - 2022):
Ecuador-$12.3M (-32.1%)
Morocco-$9.94M (-100%)
Jamaica-$1.09M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Palm Oil were:
In 2022, Colombia's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $32.4M
TOP IMPORT POTENTIALIndonesia+ $15.4M

Palm Oil’s highest export potential is United States. With an export gap of $32.4M.   Palm Oil’s highest import potential is Indonesia with an import gap of $15.4M.

See methodology.

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