Overview: This page contains the latest trade data of Palm Oil. In 2019, Palm Oil were the world's 126th most traded product, with a total trade of $29.3B. Between 2018 and 2019 the exports of Palm Oil decreased by -8.93%, from $32.2B to $29.3B. Trade in Palm Oil represent 0.16% of total world trade.
Top Destination Growth (2018 - 2019): China, $785M
Between 2018 and 2019, the exports of Palm Oil grew the fastest in Nepal ($172M), Turkey ($41.7M), Estonia ($23.3M), Ghana ($21.6M), and Bangladesh ($20.1M).
Between 2018 and 2019, the fastest growing importers of Palm Oil were China ($785M), Nigeria ($142M), Ghana ($29M), Tanzania ($26.1M), and Ecuador ($23.8M).
This map shows which countries export or import more of Palm Oil. Each country is colored based on the difference in exports and imports of Palm Oil during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Palm Oil were Indonesia ($15.2B), Malaysia ($8.22B), Guatemala ($385M), Papua New Guinea ($365M), and Colombia ($198M).
In 2019, the countries that had a largest trade value in imports than in exports of Palm Oil were India ($4.83B), China ($3.55B), Pakistan ($1.66B), Spain ($997M), and United States ($835M).
In 2018, the average tariff for importing Palm Oil was 9.18%. The countries with the highest tariffs for importing Palm Oil were Thailand (139%), Venezuela (38.4%), Barbados (37.8%), Tunisia (36%), and Sudan (35%).
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.