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2010
Exports $1.21kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2010
Imports $261MWorld Rnk 44 / 208
Flag Rnk 3 / 952

About

Imports In 2018, Somalia imported $261M in Palm Oil, becoming the 44th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 3rd most imported product in Somalia. Somalia imports Palm Oil primarily from: United Arab Emirates ($102M), Malaysia ($96.2M), Indonesia ($41.1M), Oman ($13.6M), and Kenya ($4.72M).

The fastest growing import markets in Palm Oil for Somalia between 2021 and 2022 were Malaysia ($36.3M), United Arab Emirates ($32M), and Indonesia ($6.53M).

Latest Trends

Sep 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 (2010)$1.21k
IMPORTS (2022)$261M
NET TRADE (2022)-$261M

In 2022, Somalia imported $261M in Palm Oil, mainly from United Arab Emirates ($102M), Malaysia ($96.2M), Indonesia ($41.1M), Oman ($13.6M), and Kenya ($4.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Somalia's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
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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.

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