2022
Exports
$25.7MWorld Rnk 45 / 149
Flag Rnk 399 / 1200
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$1.27BWorld Rnk 11 / 208
Flag Rnk 20 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $25.7M in Palm Oil, making it the 45th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 399th most exported product in Russia. The main destination of Palm Oil exports from Russia are: Kazakhstan ($22.8M), Kyrgyzstan ($931k), Uzbekistan ($892k), Armenia ($719k), and Mongolia ($200k).

The fastest growing export markets for Palm Oil of Russia between 2021 and 2022 were Kazakhstan ($1.88M), Uzbekistan ($556k), and Kyrgyzstan ($261k).

Imports In 2022, Russia imported $1.27B in Palm Oil, becoming the 11th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 20th most imported product in Russia. Russia imports Palm Oil primarily from: Indonesia ($743M), Estonia ($336M), Turkey ($163M), Malaysia ($14M), and Italy ($5.83M).

The fastest growing import markets in Palm Oil for Russia between 2021 and 2022 were Estonia ($120M), Turkey ($17M), and Belgium ($1.38M).

Latest Trends

Apr 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)$25.7M
IMPORTS (2022)$1.27B
NET TRADE (2022)-$1.25B

In 2022, Russia exported $25.7M in Palm Oil. The main destinations of Russia exports on Palm Oil were Kazakhstan ($22.8M), Kyrgyzstan ($931k), Uzbekistan ($892k), Armenia ($719k), and Mongolia ($200k).

In 2022, Russia imported $1.27B in Palm Oil, mainly from Indonesia ($743M), Estonia ($336M), Turkey ($163M), Malaysia ($14M), and Italy ($5.83M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kazakhstan$1.88M (8.97%)
Uzbekistan$556k (165%)
Kyrgyzstan$261k (39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Russia WERE (2021 - 2022):
Belarus-$3.6M (-100%)
Turkmenistan-$1.11M (-100%)
Ukraine-$156k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Palm Oil by Exporters

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