Overview This page contains the latest trade data of Palm Oil. In 2020, Palm Oil were the world's 104th most traded product, with a total trade of $34.1B. Between 2019 and 2020 the exports of Palm Oil grew by 13.7%, from $30B to $34.1B. Trade in Palm Oil represent 0.2% of total world trade.
Palm Oil are a part of Animal or vegetable fats and oils and their cleavage products. They include Palm oil or fractions simply refinedand Palm oil, crude.
Exports In 2020 the top exporters of Palm Oil were Indonesia ($17.9B), Malaysia ($10.6B), Netherlands ($1.03B), Guatemala ($466M), and Papua New Guinea ($434M).
Imports In 2020 the top importers of Palm Oil were India ($5.04B), China ($3.66B), Pakistan ($2.15B), Netherlands ($1.72B), and Spain ($1.25B).
Tariffs In 2018 the average tariff for Palm Oil was 9.26%, making it the 460th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Palm Oil are Thailand (139%), Switzerland (106%), Liechtenstein (106%), Bhutan (99.6%), and India (90.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), Armenia (0%), and Hong Kong (0%).
Ranking Palm Oil ranks 1012th in the Product Complexity Index (PCI).