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2023
Exports $8.56MWorld Rnk 53 / 150
Flag Rnk 798 / 1209
2023
Destination $8.18M United States
2022 - 2023
FASTEST GROWING MARKET $8.18MUnited States
2023
PRODUCT COMPLEXITY IN Palm Oil-2.25Rnk 1010 / 1025
2023
Imports $695MWorld Rnk 19 / 206
Flag Rnk 178 / 1209
2023
Origin $33.2k Malaysia
2022 - 2023
FASTEST GROWING ORIGIN $33.2kUnited States
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $8.56M in Palm Oil, making it the 53rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 798th most exported product in Japan. The main destination of Palm Oil exports from Japan are: United States ($8.18M), Australia ($223k), Belgium ($43.2k), Russia ($27.7k), and Singapore ($24.3k).

The fastest growing export markets for Palm Oil of Japan between 2022 and 2023 were United States ($8.18M), Australia ($151k), and Belgium ($40.1k).

Imports In 2023, Japan imported $695M in Palm Oil, becoming the 19th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 178th most imported product in Japan. Japan imports Palm Oil primarily from: Malaysia ($593M), Indonesia ($102M), Colombia ($628k), United States ($91.1k), and Philippines ($20.1k).

The fastest growing import markets in Palm Oil for Japan between 2022 and 2023 were United States ($33.2k), Philippines ($20.1k), and Ghana ($3.52k).

Latest Trends

September 2024

About

Overview In September 2024 Japan's Palm Oil exports accounted up to ¥2.83M and imports accounted up to ¥7.02B, resulting in a negative trade balance of ¥7.02B. Between June 2023 and September 2024 the exports of Japan's   Palm Oil have increased by ¥1.96M (224%) from ¥875k to ¥2.83M, while imports decreased by ¥-1.41B (-16.7%) from ¥8.43B to ¥7.02B.

Destinations In September 2024, Palm Oil were exported mostly to , and were imported mostly from Malaysia (¥5.49B), Indonesia (¥1.52B), Colombia (¥18.9M), and Ghana (¥439k).

Growth In September 2024, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia (¥-1.51B or -56.6%) and Colombia (¥-11.2M or -65.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - September 2024)¥1.96M(224%)
IMPORT GROWTH (November 2023 - November 2024)¥-1.41B(-16.7%)
MAIN EXPORTER (September 2024)Kanagawa¥2.01M
MAIN DESTINATION (September 2024)

This section shows Palm Oil's exports and imports data at subnational level for Japan. 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 (2023)$8.56M
IMPORTS (2023)$695M
NET TRADE (2023)-$687M

In 2023, Japan exported $8.56M in Palm Oil. The main destinations of Japan exports on Palm Oil were United States ($8.18M), Australia ($223k), Belgium ($43.2k), Russia ($27.7k), and Singapore ($24.3k).

In 2023, Japan imported $695M in Palm Oil, mainly from Malaysia ($593M), Indonesia ($102M), Colombia ($628k), United States ($91.1k), and Philippines ($20.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Japan WERE (2022 - 2023):
United States$8.18M (1%)
Australia$151k (209%)
Belgium$40.1k (1.29k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Japan WERE (2022 - 2023):
Germany-$24.3k (-52%)
South Korea-$16.6k (-68.7%)
Vietnam-$2.7k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Palm Oil were:
Indonesia $24.8B
Malaysia $14B
Netherlands $1.12B
In 2023, Japan's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B
Pakistan $2.86B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $57.6k
TOP IMPORT POTENTIALIndonesia+ $104M

Palm Oil’s highest export potential is Germany. With an export gap of $57.6k.   Palm Oil’s highest import potential is Indonesia with an import gap of $104M.

See methodology.

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