Palm Oil in India | The Observatory of Economic Complexity

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Exports In 2022, India exported $39.8M in Palm Oil, making it the 40th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 636th most exported product in India. The main destination of Palm Oil exports from India are: Kenya ($8.82M), Ethiopia ($8.31M), Nigeria ($7.2M), Senegal ($4.57M), and Nepal ($1.91M).

The fastest growing export markets for Palm Oil of India between 2021 and 2022 were Kenya ($8.81M), Senegal ($2.1M), and Nepal ($1.69M).

Imports In 2022, India imported $11.1B in Palm Oil, becoming the 1st largest importer of Palm Oil in the world. At the same year, Palm Oil was the 8th most imported product in India. India imports Palm Oil primarily from: Indonesia ($5.4B), Malaysia ($3.55B), Thailand ($1.11B), Singapore ($421M), and Papua New Guinea ($418M).

The fastest growing import markets in Palm Oil for India between 2021 and 2022 were Indonesia ($1.91B), Thailand ($501M), and Papua New Guinea ($225M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Palm Oil from India to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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

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EXPORTS (2022)$39.8M

IMPORTS (2022)$11.1B

NET TRADE (2022)-$11.1B

In 2022, India exported $39.8M in Palm Oil. The main destinations of India exports on Palm Oil were Kenya ($8.82M), Ethiopia ($8.31M), Nigeria ($7.2M), Senegal ($4.57M), and Nepal ($1.91M).

In 2022, India imported $11.1B in Palm Oil, mainly from Indonesia ($5.4B), Malaysia ($3.55B), Thailand ($1.11B), Singapore ($421M), and Papua New Guinea ($418M).

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