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2022
Exports $9.24MWorld Rnk 58 / 149
Flag Rnk 862 / 1216
2022
Destination $2.01M Ireland
2021 - 2022
FASTEST GROWING MARKET $2.01MIreland
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $497MWorld Rnk 27 / 208
Flag Rnk 259 / 1214
2022
Origin $82.6M Papua New Guinea
2021 - 2022
FASTEST GROWING ORIGIN $82.6MPapua New Guinea
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $9.24M in Palm Oil, making it the 58th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 862nd most exported product in United Kingdom. The main destination of Palm Oil exports from United Kingdom are: Ireland ($4.8M), Netherlands ($1.07M), France ($653k), Spain ($496k), and South Korea ($388k).

The fastest growing export markets for Palm Oil of United Kingdom between 2021 and 2022 were Ireland ($2.01M), Indonesia ($262k), and South Korea ($241k).

Imports In 2022, United Kingdom imported $497M in Palm Oil, becoming the 27th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 259th most imported product in United Kingdom. United Kingdom imports Palm Oil primarily from: Papua New Guinea ($179M), Indonesia ($101M), Germany ($71.4M), Malaysia ($63.9M), and Netherlands ($43.4M).

The fastest growing import markets in Palm Oil for United Kingdom between 2021 and 2022 were Papua New Guinea ($82.6M), Germany ($45M), and Malaysia ($28.6M).

COMPANIES In 2023, leading companies such as Chevron (14) were at the forefront of shipping Palm Oil from United Kingdom to the United States.

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Palm Oil exports accounted up to £4.11M and imports accounted up to £28.9M, resulting in a negative trade balance of £24.8M. Between July 2023 and July 2024 the exports of United Kingdom's   Palm Oil have increased by £2.8M (213%) from £1.31M to £4.11M, while imports decreased by £-5.87M (-16.9%) from £34.8M to £28.9M.

Destinations In July 2024, Palm Oil were exported mostly to Ireland (£3.81M), Netherlands (£163k), Spain (£87.8k), Germany (£20.7k), and Poland (£11.7k), and were imported mostly from Papua New Guinea (£15.4M), Netherlands (£4.79M), Indonesia (£3.47M), Malaysia (£2.53M), and Liberia (£766k).

Growth In July 2024, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to Finland (£5.08k or 73.1%) and Italy (£1.44k or 29.1%). In July 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia (£-6.87M or -66.9%), Malaysia (£-4.65M or -86.5%), and Denmark (£-95k or -22.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)£2.8M(213%)
IMPORT GROWTH (July 2023 - July 2024)£-5.87M(-16.9%)
MAIN EXPORTER (July 2024)Liverpool£3.63M
MAIN DESTINATION (July 2024)Ireland£3.81M

This section shows Palm Oil's exports and imports data at subnational level for United Kingdom. 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)$9.24M
IMPORTS (2022)$497M
NET TRADE (2022)-$488M

In 2022, United Kingdom exported $9.24M in Palm Oil. The main destinations of United Kingdom exports on Palm Oil were Ireland ($4.8M), Netherlands ($1.07M), France ($653k), Spain ($496k), and South Korea ($388k).

In 2022, United Kingdom imported $497M in Palm Oil, mainly from Papua New Guinea ($179M), Indonesia ($101M), Germany ($71.4M), Malaysia ($63.9M), and Netherlands ($43.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Ireland$2.01M (71.9%)
Indonesia$262k (12k%)
South Korea$241k (164%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY United Kingdom WERE (2021 - 2022):
Germany-$649k (-77.7%)
Netherlands-$315k (-22.7%)
Spain-$207k (-29.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, United Kingdom's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $1.17M
TOP IMPORT POTENTIALIndonesia+ $55.6M

Palm Oil’s highest export potential is Netherlands. With an export gap of $1.17M.   Palm Oil’s highest import potential is Indonesia with an import gap of $55.6M.

See methodology.

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