New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

Palm oil and its fractions; whether or not refined, but not chemically modified

1511 (Harmonized System 1992 for 4-digit)

2022
World Trade $58.1BRnk 79 / 1218
2022
Top Exporter | Top Importer $28.7B | $11.1BIndonesia | India
2022
Product Complexity -2.39Rnk 1018 / 1033
2021 - 2022
Export Growth (CAGR) 11.1%Rnk 381 / 1218
2022
Share of World Trade 0.25%Rnk 79 / 1218

About

Overview This page contains the latest trade data of Palm Oil. In 2022, Palm Oil were the world's 79th most traded product, with a total trade of $58.1B. Between 2021 and 2022 the exports of Palm Oil grew by 11.1%, from $52.3B to $58.1B. Trade in Palm Oil represent 0.25% of total world trade.

Palm Oil are a part of Animal or vegetable fats, oils, & waxes. They include Palm oil or fractions simply refined and Palm oil, crude.

Exports In 2022 the top exporters of Palm Oil  were Indonesia ($28.7B), Malaysia ($17.7B), Thailand ($1.31B), Netherlands ($1.18B), and Papua New Guinea ($1.03B).

Imports In 2022 the top importers of Palm Oil were India ($11.1B), China ($4.85B), Pakistan ($3.8B), Netherlands ($2.49B), and United States ($2.22B).

Ranking Palm Oil ranks 1018th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Palm Oil. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2022)Indonesia$28.7B
Top Destination (2022)India$11.1B

In 2022 Palm Oil were the world's 79th most traded product (out of 1,218).

In 2022, the top exporters of Palm Oil were Indonesia ($28.7B), Malaysia ($17.7B), Thailand ($1.31B), Netherlands ($1.18B), and Papua New Guinea ($1.03B).

In 2022, the top importers of Palm Oil were India ($11.1B), China ($4.85B), Pakistan ($3.8B), Netherlands ($2.49B), and United States ($2.22B).

Explore Visualizations

Exporters of Palm Oil (2022)
[Click to Select a Country]

Importers of Palm Oil (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)Malaysia$2.52B
Top Destination Growth (2021 -  2022)India$2.33B

Between 2021 and 2022, the exports of Palm Oil grew the fastest in Malaysia ($2.52B), Indonesia ($1.25B), Thailand ($591M), Guatemala ($224M), and Colombia ($206M).

Between 2021 and 2022, the fastest growing importers of Palm Oil were India ($2.33B), Turkey ($451M), Pakistan ($444M), United States ($431M), and Bangladesh ($319M).

Explore Visualizations

Exporters of Palm Oil (2021 - 2022)

Importers of Palm Oil (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Palm Oil.

In 2022, market concentration measured using Shannon Entropy, was 2.46. This means that most of the exports of Palm Oil are explained by 5 countries.

Explore Visualizations

Value of Exports in Palm Oil

Net Trade

TOP NET EXPORTER (2022)Indonesia$28.7B
TOP NET IMPORTER (2022)India$11.1B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Palm Oil were Indonesia ($28.7B), Malaysia ($16.2B), Thailand ($1.3B), Papua New Guinea ($971M), and Guatemala ($888M).

In 2022, the countries that had a largest trade value in imports than in exports of Palm Oil were India ($11.1B), China ($4.82B), Pakistan ($3.8B), United States ($2.1B), and Bangladesh ($1.77B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Palm Oil, disaggragated by their HS6 level were Palm oil or fractions simply refined ($43.4B) and Palm oil, crude ($14.8B)

HS6 Disaggregation for Palm Oil (2022)
[Click to Select]

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Palm Oil.
It is possible to select the main countries that export or import Palm Oil in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Palm Oil by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Palm Oil.

Country by Relatedness

The following visualization shows the relatedness of Palm Oil to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms