2022
Exports
$4.15MWorld Rnk 65 / 149
Flag Rnk 703 / 1216
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$43.8MWorld Rnk 97 / 208
Flag Rnk 396 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $4.15M in Palm Oil, making it the 65th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 703rd most exported product in Portugal. The main destination of Palm Oil exports from Portugal are: Spain ($3.36M), Cape Verde ($516k), Angola ($135k), Mozambique ($83.7k), and Guinea-Bissau ($40.5k).

The fastest growing export markets for Palm Oil of Portugal between 2021 and 2022 were Spain ($1.91M), Cape Verde ($504k), and Guinea-Bissau ($11.9k).

Imports In 2022, Portugal imported $43.8M in Palm Oil, becoming the 97th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 396th most imported product in Portugal. Portugal imports Palm Oil primarily from: Spain ($21.2M), Ecuador ($4.64M), Netherlands ($4.49M), Sierra Leone ($4.49M), and Cote d'Ivoire ($3.52M).

The fastest growing import markets in Palm Oil for Portugal between 2021 and 2022 were Cote d'Ivoire ($3.51M), Ecuador ($2.94M), and Guinea ($1.3M).

Latest Trends

Jul 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)$4.15M
IMPORTS (2022)$43.8M
NET TRADE (2022)-$39.7M

In 2022, Portugal exported $4.15M in Palm Oil. The main destinations of Portugal exports on Palm Oil were Spain ($3.36M), Cape Verde ($516k), Angola ($135k), Mozambique ($83.7k), and Guinea-Bissau ($40.5k).

In 2022, Portugal imported $43.8M in Palm Oil, mainly from Spain ($21.2M), Ecuador ($4.64M), Netherlands ($4.49M), Sierra Leone ($4.49M), and Cote d'Ivoire ($3.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$1.91M (131%)
Cape Verde$504k (4.17k%)
Guinea-Bissau$11.9k (41.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Portugal WERE (2021 - 2022):
Angola-$227k (-62.8%)
South Africa-$28k (-98.9%)
Venezuela-$16.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Palm Oil were:
In 2022, Portugal'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 POTENTIALSpain+ $1.2M
TOP IMPORT POTENTIALMalaysia+ $1.61M

Palm Oil’s highest export potential is Spain. With an export gap of $1.2M.   Palm Oil’s highest import potential is Malaysia with an import gap of $1.61M.

See methodology.

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