HS Icon Palm Oil in  Flag Saudi Arabia

2021
Exports | Imports
: $84.3M | $839M, World Rnk 28 / 149
Flag Rnk 103 / 1142 | World Rnk 16 / 202
Flag Rnk 30 / 1208

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $16.9M | $312M, Bahrain |  Indonesia

2021
ECONOMIC COMPLEXITY of Saudi Arabia
: 0.9, Rnk 31 / 131

2021
PRODUCT COMPLEXITY IN Palm Oil
: -2.07, Rnk 1008 / 1029

Exports In 2021, Saudi Arabia exported $84.3M in Palm Oil, making it the 28th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 103rd most exported product in Saudi Arabia. The main destination of Palm Oil exports from Saudi Arabia are: United Arab Emirates ($21.9M), Bahrain ($17.2M), Jordan ($12.6M), Yemen ($12.2M), and Djibouti ($7.42M).

The fastest growing export markets for Palm Oil of Saudi Arabia between 2020 and 2021 were Bahrain ($16.9M), Yemen ($11M), and Jordan ($9.61M).

Imports In 2021, Saudi Arabia imported $839M in Palm Oil, becoming the 16th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 30th most imported product in Saudi Arabia. Saudi Arabia imports Palm Oil primarily from: Indonesia ($433M), Malaysia ($348M), Oman ($34.1M), United Arab Emirates ($18.4M), and Singapore ($5.01M).

The fastest growing import markets in Palm Oil for Saudi Arabia between 2020 and 2021 were Indonesia ($312M), Malaysia ($23.3M), and Oman ($5.22M).

Tariffs In 2017, the average tariff for Saudi Arabia in Palm Oil was 4.58%. The countries with the highest import tariffs for Palm Oil were Angola (Most Favoured Nation duty rate treatment, 5%), Burundi (Most Favoured Nation duty rate treatment, 5%), Benin (Most Favoured Nation duty rate treatment, 5%), Burkina Faso (Most Favoured Nation duty rate treatment, 5%), and Botswana (Most Favoured Nation duty rate treatment, 5%).

Apr 2023

Subnational Monthly Trade

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Y-AXIS SCALE

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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

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EXPORTS (2021): $84.3M

IMPORTS (2021): $839M

NET TRADE (2021): -$754M

In 2021, Saudi Arabia exported $84.3M in Palm Oil. The main destinations of Saudi Arabia exports on Palm Oil were United Arab Emirates ($21.9M), Bahrain ($17.2M), Jordan ($12.6M), Yemen ($12.2M), and Djibouti ($7.42M).

In 2021, Saudi Arabia imported $839M in Palm Oil, mainly from Indonesia ($433M), Malaysia ($348M), Oman ($34.1M), United Arab Emirates ($18.4M), and Singapore ($5.01M).

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Flow

THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Saudi Arabia WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Saudi Arabia WERE (2020 - 2021):

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Market Concentration

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In 2021, Saudi Arabia's main exporting competitors in Palm Oil were:

In 2021, Saudi Arabia's main importing competitors in Palm Oil were:

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