2022
Exports
$2.49MWorld Rnk 68 / 149
Flag Rnk 25 / 511
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$35.3MWorld Rnk 103 / 208
Flag Rnk 41 / 1018
2022
ECONOMIC COMPLEXITY of Guinea
-2.2Rnk 132 / 133

About

Exports In 2022, Guinea exported $2.49M in Palm Oil, making it the 68th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 25th most exported product in Guinea. The main destination of Palm Oil exports from Guinea are: Portugal ($1.3M), France ($590k), Netherlands ($236k), United States ($144k), and United Kingdom ($70.2k).

The fastest growing export markets for Palm Oil of Guinea between 2021 and 2022 were Portugal ($1.3M), United Kingdom ($53.8k), and Switzerland ($43.3k).

Imports In 2022, Guinea imported $35.3M in Palm Oil, becoming the 103rd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 41st most imported product in Guinea. Guinea imports Palm Oil primarily from: Malaysia ($33.8M), Indonesia ($903k), Cote d'Ivoire ($490k), Senegal ($46.9k), and Spain ($35k).

The fastest growing import markets in Palm Oil for Guinea between 2021 and 2022 were Malaysia ($15.3M), Senegal ($46.9k), and Spain ($35k).

Latest Trends

Oct 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)$2.49M
IMPORTS (2022)$35.3M
NET TRADE (2022)-$32.8M

In 2022, Guinea exported $2.49M in Palm Oil. The main destinations of Guinea exports on Palm Oil were Portugal ($1.3M), France ($590k), Netherlands ($236k), United States ($144k), and United Kingdom ($70.2k).

In 2022, Guinea imported $35.3M in Palm Oil, mainly from Malaysia ($33.8M), Indonesia ($903k), Cote d'Ivoire ($490k), Senegal ($46.9k), and Spain ($35k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Guinea WERE (2021 - 2022):
Portugal$1.3M (1%)
United Kingdom$53.8k (330%)
Switzerland$43.3k (293%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Guinea WERE (2021 - 2022):
India-$20.8M (-100%)
Netherlands-$659k (-73.7%)
Gambia-$163k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guinea's main exporting competitors in Palm Oil were:
In 2022, Guinea'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 POTENTIALNetherlands+ $536k
TOP IMPORT POTENTIALIndonesia+ $1.64M

Palm Oil’s highest export potential is Netherlands. With an export gap of $536k.   Palm Oil’s highest import potential is Indonesia with an import gap of $1.64M.

See methodology.

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