2021
Exports | Imports
$470M | $177MWorld Rnk 8 / 149
Flag Rnk 12 / 1141
World Rnk 50 / 202
Flag Rnk 67 / 1186
2021
ECONOMIC COMPLEXITY of Colombia
0.14Rnk 56 / 131
2021
PRODUCT COMPLEXITY IN Palm Oil
-2.42Rnk 1014 / 1024

About

Exports In 2021, Colombia exported $470M in Palm Oil, making it the 8th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 12th most exported product in Colombia. The main destination of Palm Oil exports from Colombia are: Brazil ($108M), Italy ($62.5M), Spain ($61.4M), Netherlands ($50.3M), and Mexico ($45M).

The fastest growing export markets for Palm Oil of Colombia between 2020 and 2021 were Brazil ($34.7M), Italy ($26.5M), and Dominican Republic ($17.9M).

Imports In 2021, Colombia imported $177M in Palm Oil, becoming the 50th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 67th most imported product in Colombia. Colombia imports Palm Oil primarily from: Indonesia ($98.3M), Ecuador ($69.6M), Nicaragua ($3.49M), Panama ($2.62M), and Guatemala ($1.4M).

The fastest growing import markets in Palm Oil for Colombia between 2020 and 2021 were Indonesia ($98.3M), Nicaragua ($3.49M), and Panama ($2.62M).

Latest Trends

Dec 2023

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 (2021)$470M
IMPORTS (2021)$177M
NET TRADE (2021)$293M

In 2021, Colombia exported $470M in Palm Oil. The main destinations of Colombia exports on Palm Oil were Brazil ($108M), Italy ($62.5M), Spain ($61.4M), Netherlands ($50.3M), and Mexico ($45M).

In 2021, Colombia imported $177M in Palm Oil, mainly from Indonesia ($98.3M), Ecuador ($69.6M), Nicaragua ($3.49M), Panama ($2.62M), and Guatemala ($1.4M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Colombia WERE (2020 - 2021):
Brazil$34.7M (47.2%)
Italy$26.5M (73.6%)
Dominican Republic$17.9M (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Colombia WERE (2020 - 2021):
Netherlands-$43.4M (-46.3%)
Germany-$6.07M (-49.9%)
Mexico-$4.48M (-9.05%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Colombia's main exporting competitors in Palm Oil were:
In 2021, Colombia's main importing competitors in Palm Oil were:
India $8.72B
China $5.33B

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Trade Value of Palm Oil by Exporters

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