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151321 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.04BRnk 2069 / 4644
2023
Top Exporter | Top Importer $323M | $193MMalaysia | Germany
2023
Product Complexity -2.24Rnk 4592 / 4656
2022 - 2023
Export Growth (CAGR) -32.2%Rnk 4298 / 4644
2023
Share of World Trade 0.0046%Rnk 2069 / 4644

About

Overview This page contains the latest trade data of Palm kernel or babassu oil, crude. In 2023, Palm kernel or babassu oil, crude were the world's 2069th most traded product, with a total trade of $1.04B. Between 2022 and 2023 the exports of Palm kernel or babassu oil, crude decreased by -32.2%, from $1.53B to $1.04B. Trade in Palm kernel or babassu oil, crude represent 0.0046% of total world trade.

Palm kernel or babassu oil, crude are a part of Coconut Oil.

Exports In 2023 the top exporters of Palm kernel or babassu oil, crude  were Malaysia ($323M), Thailand ($105M), Papua New Guinea ($90.2M), Colombia ($85.7M), and Indonesia ($85.1M).

Imports In 2023 the top importers of Palm kernel or babassu oil, crude were Germany ($193M), Netherlands ($179M), Malaysia ($109M), India ($105M), and Mexico ($67.2M).

Ranking Palm kernel or babassu oil, crude ranks 4592nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Palm kernel or babassu oil, crude. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Malaysia$323M
Top Destination (2023)Germany$193M

In 2023 Palm kernel or babassu oil, crude were the world's 2069th most traded product (out of 4,644).

In 2023, the top exporters of Palm kernel or babassu oil, crude were Malaysia ($323M), Thailand ($105M), Papua New Guinea ($90.2M), Colombia ($85.7M), and Indonesia ($85.1M).

In 2023, the top importers of Palm kernel or babassu oil, crude were Germany ($193M), Netherlands ($179M), Malaysia ($109M), India ($105M), and Mexico ($67.2M).

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Exporters of Palm kernel or babassu oil, crude (2023)
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Importers of Palm kernel or babassu oil, crude (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Spain$18.3M
Top Destination Growth (2022 -  2023)Ecuador$7.66M

Between 2022 and 2023, the exports of Palm kernel or babassu oil, crude grew the fastest in Spain ($18.3M), Peru ($3.7M), Netherlands ($2.91M), Costa Rica ($2.39M), and Panama ($2.06M).

Between 2022 and 2023, the fastest growing importers of Palm kernel or babassu oil, crude were Ecuador ($7.66M), Benin ($3.7M), Chile ($2.83M), United States ($1.95M), and Costa Rica ($1.83M).

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Exporters of Palm kernel or babassu oil, crude (2022 - 2023)

Importers of Palm kernel or babassu oil, crude (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Palm kernel or babassu oil, crude.

In 2023, market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Palm kernel or babassu oil, crude are explained by 11 countries.

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Value of Exports in Palm kernel or babassu oil, crude

Net Trade

TOP NET EXPORTER (2023)Malaysia$214M
TOP NET IMPORTER (2023)Germany$190M

This map shows which countries export or import more of Palm kernel or babassu oil, crude. Each country is colored based on the difference in exports and imports of Palm kernel or babassu oil, crude during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Palm kernel or babassu oil, crude were Malaysia ($214M), Thailand ($105M), Papua New Guinea ($90.2M), Indonesia ($85.1M), and Colombia ($83M).

In 2023, the countries that had a largest trade value in imports than in exports of Palm kernel or babassu oil, crude were Germany ($190M), Netherlands ($107M), India ($105M), China ($52.3M), and Spain ($45.2M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Palm kernel or babassu oil, crude.
It is possible to select the main countries that export or import Palm kernel or babassu oil, crude in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Palm kernel or babassu oil, crude by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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