2023
Exports
$1.98MWorld Rnk 72 / 150
Flag Rnk 26 / 528
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$109MWorld Rnk 59 / 206
Flag Rnk 10 / 1029
2023
ECONOMIC COMPLEXITY of Guinea
-2.18Rnk 131 / 132

About

Exports In 2023, Guinea exported $1.98M in Palm Oil, making it the 72nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 26th most exported product in Guinea. The main destination of Palm Oil exports from Guinea are: Netherlands ($832k), France ($537k), Gambia ($273k), Switzerland ($125k), and United States ($68.1k).

The fastest growing export markets for Palm Oil of Guinea between 2022 and 2023 were Netherlands ($570k), Gambia ($158k), and Switzerland ($66.9k).

Imports In 2023, Guinea imported $109M in Palm Oil, becoming the 59th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 10th most imported product in Guinea. Guinea imports Palm Oil primarily from: Indonesia ($89.9M), Malaysia ($16M), Cote d'Ivoire ($3.49M), United States ($2.9k), and Lebanon ($2.48k).

The fastest growing import markets in Palm Oil for Guinea between 2022 and 2023 were Indonesia ($89M), Cote d'Ivoire ($3M), and United States ($2.9k).

Latest Trends

Dec 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 (2023)$1.98M
IMPORTS (2023)$109M
NET TRADE (2023)-$107M

In 2023, Guinea exported $1.98M in Palm Oil. The main destinations of Guinea exports on Palm Oil were Netherlands ($832k), France ($537k), Gambia ($273k), Switzerland ($125k), and United States ($68.1k).

In 2023, Guinea imported $109M in Palm Oil, mainly from Indonesia ($89.9M), Malaysia ($16M), Cote d'Ivoire ($3.49M), United States ($2.9k), and Lebanon ($2.48k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Guinea WERE (2022 - 2023):
Netherlands$570k (218%)
Gambia$158k (138%)
Switzerland$66.9k (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Guinea WERE (2022 - 2023):
Portugal-$1.45M (-100%)
United States-$75.8k (-52.7%)
France-$52.7k (-8.94%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guinea's main exporting competitors in Palm Oil were:
In 2023, Guinea's main importing competitors in Palm Oil were:
India $8.7B
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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