Palm oil or fractions simply refined151190 (Harmonized System 1992 for 6-digit)
2021 World Trade: $37.7B, Rnk 76 / 4641
2021 Top Exporter | Top Importer: $23.6B | $5.33B, Indonesia | China
2021 Product Complexity: -2.37, Rnk 4603 / 4648
2020 - 2021 Export Growth (CAGR): 62.5%, Rnk 272 / 4641
2018 Mean Tariff: 11%, Rnk 1950 / 6538
2021 Share of World Trade: 0.0018%, Rnk 76 / 4641
Overview This page contains the latest trade data of Palm oil or fractions simply refined. In 2021, Palm oil or fractions simply refined were the world's 76th most traded product, with a total trade of $37.7B. Between 2020 and 2021 the exports of Palm oil or fractions simply refined grew by 62.5%, from $23.2B to $37.7B. Trade in Palm oil or fractions simply refined represent 0.0018% of total world trade.
Palm oil or fractions simply refined are a part of Palm Oil.
Exports In 2021 the top exporters of Palm oil or fractions simply refined were Indonesia ($23.6B), Malaysia ($9.51B), Netherlands ($998M), Germany ($351M), and Nepal ($252M).
Imports In 2021 the top importers of Palm oil or fractions simply refined were China ($5.33B), Pakistan ($3.3B), India ($1.73B), United States ($1.68B), and Bangladesh ($1.45B).
Tariffs In 2018 the average tariff for Palm oil or fractions simply refined was 11%, making it the 1950th lowest tariff using the HS6 product classification.
Ranking Palm oil or fractions simply refined ranks 4603rd in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Palm oil or fractions simply refined. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Palm oil or fractions simply refined are the world's 76th most traded product.
In 2021, the top exporters of Palm oil or fractions simply refined were Indonesia ($23.6B), Malaysia ($9.51B), Netherlands ($998M), Germany ($351M), and Nepal ($252M).
In 2021, the top importers of Palm oil or fractions simply refined were China ($5.33B), Pakistan ($3.3B), India ($1.73B), United States ($1.68B), and Bangladesh ($1.45B).
Trade by country
Between 2020 and 2021, the exports of Palm oil or fractions simply refined grew the fastest in Indonesia ($11B), Malaysia ($2.3B), Nepal ($206M), Netherlands ($134M), and Djibouti ($111M).
Between 2020 and 2021, the fastest growing importers of Palm oil or fractions simply refined were China ($1.68B), India ($1.55B), Pakistan ($1.26B), United States ($737M), and Malaysia ($671M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Palm oil or fractions simply refined.
In 2021, market concentration measured using Shannon Entropy, was 1.87. This means that most of the exports of Palm oil or fractions simply refined are explained by 3 countries.
This map shows which countries export or import more of Palm oil or fractions simply refined. Each country is colored based on the difference in exports and imports of Palm oil or fractions simply refined during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Palm oil or fractions simply refined were Indonesia ($23.6B), Malaysia ($8.37B), Netherlands ($293M), Nepal ($247M), and Thailand ($65.9M).
In 2021, the countries that had a largest trade value in imports than in exports of Palm oil or fractions simply refined were China ($5.32B), Pakistan ($3.29B), India ($1.69B), United States ($1.58B), and Bangladesh ($1.44B).
This visualization shows the countries that have an important ratio of their trade related to Palm oil or fractions simply refined. It is possible to select the main countries that export or import Palm oil or fractions simply refined in the world, or by continent, as well as select the measure of interest.
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.
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