2023
Exports
$5.21MWorld Rnk 58 / 150
Flag Rnk 403 / 1203
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$39.6MWorld Rnk 89 / 206
Flag Rnk 224 / 1207
2023
ECONOMIC COMPLEXITY of Croatia
0.76Rnk 34 / 132

About

Exports In 2023, Croatia exported $5.21M in Palm Oil, making it the 58th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 403rd most exported product in Croatia. The main destination of Palm Oil exports from Croatia are: Romania ($2.72M), Hungary ($1.49M), Bulgaria ($283k), Slovenia ($226k), and Slovakia ($176k).

The fastest growing export markets for Palm Oil of Croatia between 2022 and 2023 were Hungary ($1.25M), Bulgaria ($282k), and Slovenia ($177k).

Imports In 2023, Croatia imported $39.6M in Palm Oil, becoming the 89th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 224th most imported product in Croatia. Croatia imports Palm Oil primarily from: Indonesia ($12.7M), Singapore ($10.5M), Italy ($9.44M), Malaysia ($2.13M), and Netherlands ($2M).

The fastest growing import markets in Palm Oil for Croatia between 2022 and 2023 were Singapore ($9.27M), Indonesia ($5.61M), and Italy ($3.08M).

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)$5.21M
IMPORTS (2023)$39.6M
NET TRADE (2023)-$34.4M

In 2023, Croatia exported $5.21M in Palm Oil. The main destinations of Croatia exports on Palm Oil were Romania ($2.72M), Hungary ($1.49M), Bulgaria ($283k), Slovenia ($226k), and Slovakia ($176k).

In 2023, Croatia imported $39.6M in Palm Oil, mainly from Indonesia ($12.7M), Singapore ($10.5M), Italy ($9.44M), Malaysia ($2.13M), and Netherlands ($2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Croatia WERE (2022 - 2023):
Hungary$1.25M (534%)
Bulgaria$282k (18.1k%)
Slovenia$177k (359%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Croatia WERE (2022 - 2023):
Romania-$1.2M (-30.7%)
Malaysia-$58.3k (-100%)
North Macedonia-$42.6k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Croatia's main exporting competitors in Palm Oil were:
In 2023, Croatia'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 POTENTIALHungary+ $171k
TOP IMPORT POTENTIALIndonesia+ $4.65M

Palm Oil’s highest export potential is Hungary. With an export gap of $171k.   Palm Oil’s highest import potential is Indonesia with an import gap of $4.65M.

See methodology.

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