Palm Oil in India | The Observatory of Economic Complexity

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Exports In 2021, India exported $127M in Palm Oil, making it the 20th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 376th most exported product in India. The main destination of Palm Oil exports from India are: Nigeria ($92.7M), Bangladesh ($17.1M), Ethiopia ($8.1M), Angola ($2.35M), and Senegal ($2.21M).

The fastest growing export markets for Palm Oil of India between 2020 and 2021 were Nigeria ($92.7M), Bangladesh ($17.1M), and Ethiopia ($8.1M).

Imports In 2021, India imported $8.72B in Palm Oil, becoming the 1st largest importer of Palm Oil in the world. At the same year, Palm Oil was the 9th most imported product in India. India imports Palm Oil primarily from: Malaysia ($3.75B), Indonesia ($3.45B), Thailand ($597M), Singapore ($370M), and Nepal ($252M).

The fastest growing import markets in Palm Oil for India between 2020 and 2021 were Malaysia ($2.13B), Thailand ($490M), and Indonesia ($394M).

Latest Trends

Oct 2023

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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Trade Value

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Year

EXPORTS (2021)$127M

IMPORTS (2021)$8.72B

NET TRADE (2021)-$8.59B

In 2021, India exported $127M in Palm Oil. The main destinations of India exports on Palm Oil were Nigeria ($92.7M), Bangladesh ($17.1M), Ethiopia ($8.1M), Angola ($2.35M), and Senegal ($2.21M).

In 2021, India imported $8.72B in Palm Oil, mainly from Malaysia ($3.75B), Indonesia ($3.45B), Thailand ($597M), Singapore ($370M), and Nepal ($252M).

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