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2022
Exports $22.7MWorld Rnk 47 / 149
Flag Rnk 1029 / 1216
2022
Destination $7.43M North Korea
2021 - 2022
FASTEST GROWING MARKET $7.43MNorth Korea
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $4.85BWorld Rnk 2 / 208
Flag Rnk 72 / 1212
2022
Origin $120M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $120MMalaysia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $22.7M in Palm Oil, making it the 47th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 1029th most exported product in China. The main destination of Palm Oil exports from China are: North Korea ($12.2M), Hong Kong ($7.08M), Mongolia ($802k), Malawi ($799k), and Indonesia ($532k).

The fastest growing export markets for Palm Oil of China between 2021 and 2022 were North Korea ($7.43M), Hong Kong ($2.25M), and Malawi ($799k).

Imports In 2022, China imported $4.85B in Palm Oil, becoming the 2nd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 72nd most imported product in China. China imports Palm Oil primarily from: Indonesia ($3.61B), Malaysia ($1.22B), Colombia ($9.64M), Thailand ($3.97M), and Philippines ($1.59M).

The fastest growing import markets in Palm Oil for China between 2021 and 2022 were Malaysia ($120M), Colombia ($7.62M), and Burma ($598k).

Latest Trends

October 2024

About

Overview In October 2024 China's Palm Oil exports accounted up to $415k and imports accounted up to $275M, resulting in a negative trade balance of $275M. Between October 2023 and October 2024 the exports of China's   Palm Oil have decreased by $-1.66M (-80%) from $2.07M to $415k, while imports decreased by $-320M (-53.8%) from $595M to $275M.

Destinations In October 2024, Palm Oil were exported mostly to Hong Kong ($414k) and Macau ($1.59k), and were imported mostly from Indonesia ($198M), Malaysia ($76.5M), Philippines ($524k), Chinese Taipei ($52.6k), and Thailand ($52.4k).

Growth In October 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-233k or -38%). In October 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-1.66M(-80%)
IMPORT GROWTH (October 2023 - October 2024)$-320M(-53.8%)
MAIN EXPORTER (October 2024)Liaoning Province$2.67M
MAIN DESTINATION (October 2024)Hong Kong$414k

This section shows Palm Oil's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.7M
IMPORTS (2022)$4.85B
NET TRADE (2022)-$4.82B

In 2022, China exported $22.7M in Palm Oil. The main destinations of China exports on Palm Oil were North Korea ($12.2M), Hong Kong ($7.08M), Mongolia ($802k), Malawi ($799k), and Indonesia ($532k).

In 2022, China imported $4.85B in Palm Oil, mainly from Indonesia ($3.61B), Malaysia ($1.22B), Colombia ($9.64M), Thailand ($3.97M), and Philippines ($1.59M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR China WERE (2021 - 2022):
North Korea$7.43M (156%)
Hong Kong$2.25M (46.6%)
Malawi$799k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY China WERE (2021 - 2022):
Nigeria-$45.4M (-99.9%)
Mongolia-$3.85M (-82.8%)
Angola-$432k (-69%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, China's main importing competitors in Palm Oil were:
India $11.1B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $895k
TOP IMPORT POTENTIALMalaysia+ $344M

Palm Oil’s highest export potential is United States. With an export gap of $895k.   Palm Oil’s highest import potential is Malaysia with an import gap of $344M.

See methodology.

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