2022
Exports
$39.8MWorld Rnk 40 / 149
Flag Rnk 636 / 1212
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$11.1BWorld Rnk 1 / 208
Flag Rnk 8 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

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).

Latest Trends

Sep 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 (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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR India WERE (2021 - 2022):
Kenya$8.81M (684k%)
Senegal$2.1M (85.1%)
Nepal$1.69M (781%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY India WERE (2021 - 2022):
Nigeria-$96.4M (-93.1%)
Bangladesh-$17M (-99.7%)
Republic of the Congo-$1.42M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Palm Oil were:
In 2022, India's main importing competitors in Palm Oil were:

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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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