Palm oil or fractions simply refined151190 (Harmonized System 1992 for 6-digit)
2020 World Trade: $23.1B, Rnk 103 / 4613
2020 Top Exporter | Top Importer: $12.8B | $3.65B, China | Indonesia
2020 Product Complexity: -2.21, Rnk 4724 / 4783
2019 - 2020 Export Growth (CAGR): 9.44%, Rnk 507 / 4613
2018 Mean Tariff: 11%, Rnk 1950 / 6538
2020 Share of World Trade: 0.14%, Rnk 103 / 4613
Overview This page contains the latest trade data of Palm oil or fractions simply refined. In 2020, Palm oil or fractions simply refined were the world's 103rd most traded product, with a total trade of $23.1B. Between 2019 and 2020 the exports of Palm oil or fractions simply refined grew by 9.44%, from $21.2B to $23.1B. Trade in Palm oil or fractions simply refined represent 0.14% of total world trade.
Palm oil or fractions simply refined are a part of Palm Oil.
Exports In 2020 the top exporters of Palm oil or fractions simply refined were Indonesia ($12.8B), Malaysia ($7.22B), Netherlands ($861M), Germany ($273M), and Estonia ($150M).
Imports In 2020 the top importers of Palm oil or fractions simply refined were China ($3.65B), Pakistan ($2.03B), United States ($971M), Bangladesh ($895M), and Russia ($769M).
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.
The countries with the highest import tariffs for Palm oil or fractions simply refined are Thailand (139%), Switzerland (118%), Liechtenstein (118%), Bhutan (99.6%), and India (90.3%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), Armenia (0%), and Hong Kong (0%).
Ranking Palm oil or fractions simply refined ranks 4724th 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 103rd most traded product.
In 2020, the top exporters of Palm oil or fractions simply refined were Indonesia ($12.8B), Malaysia ($7.22B), Netherlands ($861M), Germany ($273M), and Estonia ($150M).
In 2020, the top importers of Palm oil or fractions simply refined were China ($3.65B), Pakistan ($2.03B), United States ($971M), Bangladesh ($895M), and Russia ($769M).
Trade by country
Top Origin Growth (2019 - 2020): Indonesia, $1.68B
Top Destination Growth (2019 - 2020): Pakistan, $515M
Between 2019 and 2020, the exports of Palm oil or fractions simply refined grew the fastest in Indonesia ($1.68B), Malaysia ($386M), Turkey ($74.6M), Estonia ($45.1M), and Togo ($25.4M).
Between 2019 and 2020, the fastest growing importers of Palm oil or fractions simply refined were Pakistan ($515M), Philippines ($295M), Malaysia ($222M), Vietnam ($188M), and Russia ($186M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Palm oil or fractions simply refined.
In 2020, market concentration measured using Shannon Entropy, was 2.01. This means that most of the exports of Palm oil or fractions simply refined are explained by 4 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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Palm oil or fractions simply refined were Indonesia ($12.8B), Malaysia ($6.75B), Netherlands ($502M), Papua New Guinea ($81.6M), and Honduras ($63.7M).
In 2020, the countries that had a largest trade value in imports than in exports of Palm oil or fractions simply refined were China ($3.63B), Pakistan ($2.03B), United States ($905M), Bangladesh ($893M), and Russia ($759M).
In 2019, the world most traded Palm oil or fractions simply refined, disaggragated by their HS6 level were Palm oil or fractions simply refined ($23.1B)
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.
In 2018, the average tariff for importing Palm oil or fractions simply refined was 11%. The countries with the highest tariffs for importing Palm oil or fractions simply refined were Thailand (139%), Switzerland (118%), Liechtenstein (118%), Bhutan (99.6%), and India (90.3%).
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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