2023
Exports
$167MWorld Rnk 17 / 150
Flag Rnk 32 / 1051
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$219MWorld Rnk 42 / 206
Flag Rnk 33 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $167M in Palm Oil, making it the 17th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 32nd most exported product in Oman. The main destination of Palm Oil exports from Oman are: Saudi Arabia ($58.5M), United Arab Emirates ($41.2M), Yemen ($33.1M), Djibouti ($25.1M), and Somalia ($6.17M).

The fastest growing export markets for Palm Oil of Oman between 2022 and 2023 were Djibouti ($21.4M), Yemen ($354k), and Saudi Arabia ($347k).

Imports In 2023, Oman imported $219M in Palm Oil, becoming the 42nd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 33rd most imported product in Oman. Oman imports Palm Oil primarily from: Indonesia ($150M), Malaysia ($48.7M), United Arab Emirates ($16.3M), Saudi Arabia ($3.81M), and Singapore ($188k).

The fastest growing import markets in Palm Oil for Oman between 2022 and 2023 were Qatar ($2.92k), Jordan ($2.6k), and Ethiopia ($52).

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)$167M
IMPORTS (2023)$219M
NET TRADE (2023)-$51.8M

In 2023, Oman exported $167M in Palm Oil. The main destinations of Oman exports on Palm Oil were Saudi Arabia ($58.5M), United Arab Emirates ($41.2M), Yemen ($33.1M), Djibouti ($25.1M), and Somalia ($6.17M).

In 2023, Oman imported $219M in Palm Oil, mainly from Indonesia ($150M), Malaysia ($48.7M), United Arab Emirates ($16.3M), Saudi Arabia ($3.81M), and Singapore ($188k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Oman WERE (2022 - 2023):
Djibouti$21.4M (585%)
Yemen$354k (1.08%)
Saudi Arabia$347k (0.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Oman WERE (2022 - 2023):
Iran-$24.3M (-100%)
Somalia-$7.39M (-54.5%)
United Arab Emirates-$4.65M (-10.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Palm Oil were:
In 2023, Oman'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 POTENTIALEthiopia+ $1.04M
TOP IMPORT POTENTIALMalaysia+ $1.9M

Palm Oil’s highest export potential is Ethiopia. With an export gap of $1.04M.   Palm Oil’s highest import potential is Malaysia with an import gap of $1.9M.

See methodology.

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