2023
Exports
$929MWorld Rnk 4 / 150
Flag Rnk 66 / 1212
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$4.06MWorld Rnk 134 / 206
Flag Rnk 954 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $929M in Palm Oil, making it the 4th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 66th most exported product in Thailand. The main destination of Palm Oil exports from Thailand are: India ($784M), Burma ($106M), Kenya ($15.4M), Cambodia ($5.69M), and Laos ($5.24M).

The fastest growing export markets for Palm Oil of Thailand between 2022 and 2023 were Burma ($2.85M), Kenya ($2.66M), and United Kingdom ($2.2M).

Imports In 2023, Thailand imported $4.06M in Palm Oil, becoming the 134th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 954th most imported product in Thailand. Thailand imports Palm Oil primarily from: Malaysia ($3.87M), Indonesia ($76.6k), United States ($64.4k), Sweden ($39.2k), and Japan ($8.73k).

The fastest growing import markets in Palm Oil for Thailand between 2022 and 2023 were Malaysia ($1.5M), United States ($57.2k), and Japan ($8.13k).

Latest Trends

Dec 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 (2023)$929M
IMPORTS (2023)$4.06M
NET TRADE (2023)$925M

In 2023, Thailand exported $929M in Palm Oil. The main destinations of Thailand exports on Palm Oil were India ($784M), Burma ($106M), Kenya ($15.4M), Cambodia ($5.69M), and Laos ($5.24M).

In 2023, Thailand imported $4.06M in Palm Oil, mainly from Malaysia ($3.87M), Indonesia ($76.6k), United States ($64.4k), Sweden ($39.2k), and Japan ($8.73k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Burma$2.85M (2.77%)
Kenya$2.66M (21%)
United Kingdom$2.2M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Thailand WERE (2022 - 2023):
India-$425M (-35.2%)
Cote d'Ivoire-$8.21M (-100%)
Italy-$7.44M (-99.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $13.4M
TOP IMPORT POTENTIALMalaysia+ $10.2M

Palm Oil’s highest export potential is China. With an export gap of $13.4M.   Palm Oil’s highest import potential is Malaysia with an import gap of $10.2M.

See methodology.

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