Overview: In 2018, Palm Oil were the world's 120th most traded product, with a total trade of $31.4B. Between 2017 and 2018 the exports of Palm Oil decreased by -5.42%, from $33.2B to $31.4B. Trade in Palm Oil represent 0.17% of total world trade.
Exports: In 2018 the top exporters of Palm Oil were Indonesia ($16.7B), Malaysia ($9.28B), Netherlands ($997M), Colombia ($452M), and Papua New Guinea ($430M).
Imports: In 2018 the top importers of Palm Oil were India ($5.18B), China ($2.79B), Pakistan ($1.98B), Netherlands ($1.82B), and Spain ($1.22B).
Tariffs: In 2018 the average tariff for Palm Oil was 9.18%, been the 466 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Palm Oil are Thailand (139%), Venezuela (38.4%), Barbados (37.8%), Tunisia (36%), and Sudan (35%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), Armenia (0%), and Hong Kong (0%).
Ranking: Palm Oil ranks 993rd in the Product Complexity Index (PCI).