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Pricing

2021 - 2022
FASTEST GROWING MARKET $58.2MNetherlands
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Origin $23.3M Ecuador
2021 - 2022
FASTEST GROWING ORIGIN $23.3MEcuador
2022
ECONOMIC COMPLEXITY of Colombia0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported N/A 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).

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

Aug 2024

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

In N/A, Colombia exported N/A 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 N/A, Colombia imported N/A 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%)
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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:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Colombia's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
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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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