2023
Exports
$71.2MWorld Rnk 28 / 150
Flag Rnk 8 / 430
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$33.5MWorld Rnk 96 / 206
Flag Rnk 13 / 1058
2023
ECONOMIC COMPLEXITY of Liberia
-1.44Rnk 126 / 132

About

Exports In 2023, Liberia exported $71.2M in Palm Oil, making it the 28th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 8th most exported product in Liberia. The main destination of Palm Oil exports from Liberia are: Cote d'Ivoire ($25.2M), Cameroon ($9.65M), Netherlands ($9.55M), Ghana ($7.51M), and Spain ($7.03M).

The fastest growing export markets for Palm Oil of Liberia between 2022 and 2023 were Ghana ($7.51M), Malaysia ($2.68M), and United Arab Emirates ($2.53M).

Imports In 2023, Liberia imported $33.5M in Palm Oil, becoming the 96th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 13th most imported product in Liberia. Liberia imports Palm Oil primarily from: Indonesia ($23.9M), Malaysia ($8.96M), United States ($570k), United Arab Emirates ($73.9k), and Lebanon ($1.45k).

The fastest growing import markets in Palm Oil for Liberia between 2022 and 2023 were Malaysia ($5.12M), United Arab Emirates ($73.6k), and United States ($12.7k).

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)$71.2M
IMPORTS (2023)$33.5M
NET TRADE (2023)$37.7M

In 2023, Liberia exported $71.2M in Palm Oil. The main destinations of Liberia exports on Palm Oil were Cote d'Ivoire ($25.2M), Cameroon ($9.65M), Netherlands ($9.55M), Ghana ($7.51M), and Spain ($7.03M).

In 2023, Liberia imported $33.5M in Palm Oil, mainly from Indonesia ($23.9M), Malaysia ($8.96M), United States ($570k), United Arab Emirates ($73.9k), and Lebanon ($1.45k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Liberia WERE (2022 - 2023):
Ghana$7.51M (20.3M%)
Malaysia$2.68M (1.66k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Liberia WERE (2022 - 2023):
Netherlands-$33.9M (-78%)
Morocco-$7.85M (-72%)
India-$6.58M (-86.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Liberia's main exporting competitors in Palm Oil were:
In 2023, Liberia'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 POTENTIALIndia+ $11.6M
TOP IMPORT POTENTIALMalaysia+ $770k

Palm Oil’s highest export potential is India. With an export gap of $11.6M.   Palm Oil’s highest import potential is Malaysia with an import gap of $770k.

See methodology.

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