2023
Exports
$572kWorld Rnk 93 / 150
Flag Rnk 24 / 348
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$202MWorld Rnk 47 / 206
Flag Rnk 5 / 965

About

Exports In 2023, Somalia exported $572k in Palm Oil, making it the 93rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 24th most exported product in Somalia. The main destination of Palm Oil exports from Somalia are: Djibouti ($568k) and United Arab Emirates ($3.63k).

The fastest growing export markets for Palm Oil of Somalia between N/A and 2023 were Djibouti ($568k) and United Arab Emirates ($3.63k).

Imports In 2023, Somalia imported $202M in Palm Oil, becoming the 47th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 5th most imported product in Somalia. Somalia imports Palm Oil primarily from: Malaysia ($91.5M), United Arab Emirates ($54.9M), Indonesia ($32.8M), Djibouti ($15.9M), and Oman ($6.17M).

The fastest growing import markets in Palm Oil for Somalia between 2022 and 2023 were Djibouti ($5.45M) and Saudi Arabia ($247k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$572k
IMPORTS (2023)$202M
NET TRADE (2023)-$201M

In 2023, Somalia exported $572k in Palm Oil. The main destinations of Somalia exports on Palm Oil were Djibouti ($568k) and United Arab Emirates ($3.63k).

In 2023, Somalia imported $202M in Palm Oil, mainly from Malaysia ($91.5M), United Arab Emirates ($54.9M), Indonesia ($32.8M), Djibouti ($15.9M), and Oman ($6.17M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Somalia WERE (N/A - 2023):
Djibouti$568k (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Somalia's main exporting competitors in Palm Oil were:
In 2023, Somalia's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B

Explore Visualizations

Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $891
TOP IMPORT POTENTIALIndonesia+ $9.32M

Palm Oil’s highest export potential is India. With an export gap of $891.   Palm Oil’s highest import potential is Indonesia with an import gap of $9.32M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with