2023
Exports
$513MWorld Rnk 7 / 150
Flag Rnk 11 / 1150
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$109MWorld Rnk 60 / 206
Flag Rnk 121 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $513M in Palm Oil, making it the 7th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 11th most exported product in Colombia. The main destination of Palm Oil exports from Colombia are: Brazil ($123M), Mexico ($77.1M), Netherlands ($71.1M), United States ($46.2M), and Dominican Republic ($45.9M).

The fastest growing export markets for Palm Oil of Colombia between 2022 and 2023 were Ghana ($18.1M), Ecuador ($14.3M), and United States ($13.6M).

Imports In 2023, Colombia imported $109M in Palm Oil, becoming the 60th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 121st most imported product in Colombia. Colombia imports Palm Oil primarily from: Ecuador ($74.8M), Peru ($31.6M), Costa Rica ($2.23M), Sweden ($51.9k), and Singapore ($35k).

The fastest growing import markets in Palm Oil for Colombia between 2022 and 2023 were Peru ($26M), Ecuador ($6.1M), and Costa Rica ($2.23M).

COMPANIES In 2024, leading companies such as Chevron (1) were at the forefront of shipping Palm Oil from Colombia to the United States.

Latest Trends

Dec 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
EXPORTS (2023)$513M
IMPORTS (2023)$109M
NET TRADE (2023)$404M

In 2023, Colombia exported $513M in Palm Oil. The main destinations of Colombia exports on Palm Oil were Brazil ($123M), Mexico ($77.1M), Netherlands ($71.1M), United States ($46.2M), and Dominican Republic ($45.9M).

In 2023, Colombia imported $109M in Palm Oil, mainly from Ecuador ($74.8M), Peru ($31.6M), Costa Rica ($2.23M), Sweden ($51.9k), and Singapore ($35k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Ghana$18.1M (1%)
Ecuador$14.3M (123%)
United States$13.6M (41.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Colombia WERE (2022 - 2023):
Spain-$71.6M (-84.4%)
Italy-$62.7M (-84.8%)
Netherlands-$43.5M (-38%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Palm Oil were:
In 2023, Colombia's main importing competitors in Palm Oil were:
India $8.7B
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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