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.
Exports: In 2019 the top exporters of Palm Oil were Indonesia ($15.3B), Malaysia ($8.91B), Netherlands ($977M), Guatemala ($399M), and Papua New Guinea ($381M).
Imports: In 2019 the top importers of Palm Oil were India ($4.85B), China ($3.58B), Pakistan ($1.66B), Netherlands ($1.46B), and Spain ($1.05B).
Tariffs: In 2018 the average tariff for Palm Oil was 9.18%, making it the 466th 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 940th in the Product Complexity Index (PCI).