2022
Exports
$2.52MWorld Rnk 67 / 149
Flag Rnk 196 / 931
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$1.77BWorld Rnk 6 / 208
Flag Rnk 5 / 1173
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $2.52M in Palm Oil, making it the 67th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 196th most exported product in Bangladesh. The main destination of Palm Oil exports from Bangladesh are: India ($2.49M), Kuwait ($31.4k), Canada ($379), and France ($44).

The fastest growing export markets for Palm Oil of Bangladesh between 2021 and 2022 were Kuwait ($31.4k).

Imports In 2022, Bangladesh imported $1.77B in Palm Oil, becoming the 6th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 5th most imported product in Bangladesh. Bangladesh imports Palm Oil primarily from: Indonesia ($1.48B), Malaysia ($295M), India ($54.1k), Singapore ($3.44k), and United Arab Emirates ($395).

The fastest growing import markets in Palm Oil for Bangladesh between 2021 and 2022 were Malaysia ($220M) and Indonesia ($119M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.52M
IMPORTS (2022)$1.77B
NET TRADE (2022)-$1.77B

In 2022, Bangladesh exported $2.52M in Palm Oil. The main destinations of Bangladesh exports on Palm Oil were India ($2.49M), Kuwait ($31.4k), Canada ($379), and France ($44).

In 2022, Bangladesh imported $1.77B in Palm Oil, mainly from Indonesia ($1.48B), Malaysia ($295M), India ($54.1k), Singapore ($3.44k), and United Arab Emirates ($395).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):Kuwait$31.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Bangladesh WERE (2021 - 2022):
India-$3.23M (-56.5%)
France-$569 (-92.8%)
Canada-$348 (-47.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Palm Oil were:
In 2022, Bangladesh's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $4.65M
TOP IMPORT POTENTIALMalaysia+ $40.9M

Palm Oil’s highest export potential is India. With an export gap of $4.65M.   Palm Oil’s highest import potential is Malaysia with an import gap of $40.9M.

See methodology.

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