2023
Exports
$40.2MWorld Rnk 40 / 150
Flag Rnk 625 / 1212
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$8.7BWorld Rnk 1 / 206
Flag Rnk 10 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $40.2M in Palm Oil, making it the 40th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 625th most exported product in India. The main destination of Palm Oil exports from India are: Senegal ($15.7M), Djibouti ($10M), Mozambique ($5.4M), Ethiopia ($2.61M), and Angola ($1.34M).

The fastest growing export markets for Palm Oil of India between 2022 and 2023 were Senegal ($11.1M), Mozambique ($5.4M), and Djibouti ($4.03M).

Imports In 2023, India imported $8.7B in Palm Oil, becoming the 1st largest importer of Palm Oil in the world. At the same year, Palm Oil was the 10th most imported product in India. India imports Palm Oil primarily from: Indonesia ($4.86B), Malaysia ($2.63B), Thailand ($784M), Papua New Guinea ($265M), and Nepal ($70.3M).

The fastest growing import markets in Palm Oil for India between 2022 and 2023 were Cambodia ($27.1M), Philippines ($19.5M), and Bangladesh ($3.34M).

Latest Trends

Dec 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 (2023)$40.2M
IMPORTS (2023)$8.7B
NET TRADE (2023)-$8.66B

In 2023, India exported $40.2M in Palm Oil. The main destinations of India exports on Palm Oil were Senegal ($15.7M), Djibouti ($10M), Mozambique ($5.4M), Ethiopia ($2.61M), and Angola ($1.34M).

In 2023, India imported $8.7B in Palm Oil, mainly from Indonesia ($4.86B), Malaysia ($2.63B), Thailand ($784M), Papua New Guinea ($265M), and Nepal ($70.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR India WERE (2022 - 2023):
Senegal$11.1M (244%)
Mozambique$5.4M (1%)
Djibouti$4.03M (67.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY India WERE (2022 - 2023):
Kenya-$8.81M (-100%)
Nigeria-$7.19M (-100%)
Ethiopia-$5.7M (-68.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Palm Oil were:
In 2023, India's main importing competitors in Palm Oil were:
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $2.02M
TOP IMPORT POTENTIALNepal+ $105M

Palm Oil’s highest export potential is Malaysia. With an export gap of $2.02M.   Palm Oil’s highest import potential is Nepal with an import gap of $105M.

See methodology.

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