2023
Exports
$712kWorld Rnk 89 / 150
Flag Rnk 142 / 810
falsefalse Switzerland
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$118MWorld Rnk 57 / 206
Flag Rnk 5 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $712k in Palm Oil, making it the 89th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 142nd most exported product in Madagascar. The main destination of Palm Oil exports from Madagascar are: Switzerland ($712k) and France ($70).

Imports In 2023, Madagascar imported $118M in Palm Oil, becoming the 57th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 5th most imported product in Madagascar. Madagascar imports Palm Oil primarily from: Malaysia ($111M), Indonesia ($4.31M), Kenya ($1.15M), India ($860k), and Mauritius ($52.8k).

The fastest growing import markets in Palm Oil for Madagascar between 2022 and 2023 were Kenya ($1.09M) and India ($860k).

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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$712k
IMPORTS (2023)$118M
NET TRADE (2023)-$117M

In 2023, Madagascar exported $712k in Palm Oil. The main destinations of Madagascar exports on Palm Oil were Switzerland ($712k) and France ($70).

In 2023, Madagascar imported $118M in Palm Oil, mainly from Malaysia ($111M), Indonesia ($4.31M), Kenya ($1.15M), India ($860k), and Mauritius ($52.8k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Madagascar WERE (2022 - 2023):
Mauritius-$671k (-100%)
Switzerland-$319k (-30.9%)
France-$1.18k (-94.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Madagascar's main exporting competitors in Palm Oil were:
In 2023, Madagascar's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B

Explore Visualizations

Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $10.4k
TOP IMPORT POTENTIALIndonesia+ $9.74M

Palm Oil’s highest export potential is France. With an export gap of $10.4k.   Palm Oil’s highest import potential is Indonesia with an import gap of $9.74M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with