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2022
Exports $203kWorld Rnk 107 / 149
Flag Rnk 1119 / 1213
2022
Destination $16.3k Australia
2021 - 2022
FASTEST GROWING MARKET $16.3kRussia
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $827MWorld Rnk 17 / 208
Flag Rnk 157 / 1214
2022
Origin $246M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $246MMalaysia
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $203k in Palm Oil, making it the 107th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 1119th most exported product in Japan. The main destination of Palm Oil exports from Japan are: Australia ($64.7k), Germany ($44k), Russia ($27.9k), Belgium ($22k), and South Korea ($21.9k).

The fastest growing export markets for Palm Oil of Japan between 2021 and 2022 were Russia ($16.3k), China ($3.76k), and Netherlands ($1.47k).

Imports In 2022, Japan imported $827M in Palm Oil, becoming the 17th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 157th most imported product in Japan. Japan imports Palm Oil primarily from: Malaysia ($660M), Indonesia ($166M), Colombia ($573k), United States ($58k), and Canada ($18.5k).

The fastest growing import markets in Palm Oil for Japan between 2021 and 2022 were Malaysia ($246M), Colombia ($106k), and United States ($53.3k).

Latest Trends

July 2024

About

Overview In July 2024 Japan's Palm Oil exports accounted up to ¥1.88M and imports accounted up to ¥8.97B, resulting in a negative trade balance of ¥8.97B. Between May 2023 and July 2024 the exports of Japan's   Palm Oil have increased by ¥1.17M (166%) from ¥704k to ¥1.88M, while imports increased by ¥1.89B (26.7%) from ¥7.08B to ¥8.97B.

Destinations In July 2024, Palm Oil were exported mostly to , and were imported mostly from Malaysia (¥7.62B), Indonesia (¥1.33B), Colombia (¥19.6M), and Ghana (¥1.27M).

Growth In July 2024, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Palm Oil's year-by-year imports was explained primarily by an increase in imports from Malaysia (¥2.94B or 51.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - July 2024)¥1.17M(166%)
IMPORT GROWTH (August 2023 - August 2024)¥1.89B(26.7%)
MAIN EXPORTER (July 2024)Kanagawa¥1.43M
MAIN DESTINATION (July 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 (2022)$203k
IMPORTS (2022)$827M
NET TRADE (2022)-$826M

In 2022, Japan exported $203k in Palm Oil. The main destinations of Japan exports on Palm Oil were Australia ($64.7k), Germany ($44k), Russia ($27.9k), Belgium ($22k), and South Korea ($21.9k).

In 2022, Japan imported $827M in Palm Oil, mainly from Malaysia ($660M), Indonesia ($166M), Colombia ($573k), United States ($58k), and Canada ($18.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Russia$16.3k (140%)
China$3.76k (101%)
Netherlands$1.47k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Japan WERE (2021 - 2022):
Malaysia-$56.2k (-100%)
Australia-$44.6k (-40.8%)
Belgium-$20.1k (-47.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Japan'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 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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