2022
Exports
$1.03BWorld Rnk 5 / 149
Flag Rnk 3 / 473
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$60.5MWorld Rnk 84 / 208
Flag Rnk 14 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $1.03B in Palm Oil, making it the 5th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 3rd most exported product in Papua New Guinea. The main destination of Palm Oil exports from Papua New Guinea are: India ($418M), Netherlands ($341M), United Kingdom ($179M), Malaysia ($58.8M), and Germany ($32.7M).

The fastest growing export markets for Palm Oil of Papua New Guinea between 2021 and 2022 were India ($225M), United Kingdom ($82.6M), and Malaysia ($22.3M).

Imports In 2022, Papua New Guinea imported $60.5M in Palm Oil, becoming the 84th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 14th most imported product in Papua New Guinea. Papua New Guinea imports Palm Oil primarily from: Malaysia ($47.7M), Indonesia ($12.7M), and Singapore ($136k).

The fastest growing import markets in Palm Oil for Papua New Guinea between 2021 and 2022 were Malaysia ($21.4M).

Latest Trends

Aug 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)$1.03B
IMPORTS (2022)$60.5M
NET TRADE (2022)$971M

In 2022, Papua New Guinea exported $1.03B in Palm Oil. The main destinations of Papua New Guinea exports on Palm Oil were India ($418M), Netherlands ($341M), United Kingdom ($179M), Malaysia ($58.8M), and Germany ($32.7M).

In 2022, Papua New Guinea imported $60.5M in Palm Oil, mainly from Malaysia ($47.7M), Indonesia ($12.7M), and Singapore ($136k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
India$225M (117%)
United Kingdom$82.6M (85.3%)
Malaysia$22.3M (61.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Papua New Guinea WERE (2021 - 2022):
Switzerland-$120M (-98.3%)
Belgium-$62.8M (-100%)
Singapore-$32M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Papua New Guinea's main exporting competitors in Palm Oil were:
In 2022, Papua New Guinea's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $36.5M
TOP IMPORT POTENTIALIndonesia+ $10.5M

Palm Oil’s highest export potential is India. With an export gap of $36.5M.   Palm Oil’s highest import potential is Indonesia with an import gap of $10.5M.

See methodology.

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