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Exports In 2018, North Macedonia exported $460k in Palm Oil, making it the 97th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 367th most exported product in North Macedonia. The main destination of Palm Oil exports from North Macedonia are: Serbia ($360k), Bulgaria ($43.4k), Albania ($40.9k), and Montenegro ($15.6k).

The fastest growing export markets for Palm Oil of North Macedonia between 2022 and 2023 were Bulgaria ($43.4k) and Montenegro ($15.6k).

Imports In 2023, North Macedonia imported $12.4M in Palm Oil, becoming the 115th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 173rd most imported product in North Macedonia. North Macedonia imports Palm Oil primarily from: Indonesia ($10.2M), Malaysia ($1.81M), Netherlands ($173k), Greece ($84.1k), and Turkey ($42.6k).

The fastest growing import markets in Palm Oil for North Macedonia between 2022 and 2023 were Turkey ($31.7k), Singapore ($26.4k), and Belgium ($20.1k).

Latest Trends

Jan 2025

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)$460k
IMPORTS (2023)$12.4M
NET TRADE (2023)-$11.9M

In 2023, North Macedonia exported $460k in Palm Oil. The main destinations of North Macedonia exports on Palm Oil were Serbia ($360k), Bulgaria ($43.4k), Albania ($40.9k), and Montenegro ($15.6k).

In 2023, North Macedonia imported $12.4M in Palm Oil, mainly from Indonesia ($10.2M), Malaysia ($1.81M), Netherlands ($173k), Greece ($84.1k), and Turkey ($42.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Bulgaria$43.4k (1%)
Montenegro$15.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY North Macedonia WERE (2022 - 2023):
Serbia-$175k (-32.7%)
Croatia-$77.3k (-100%)
Albania-$5.43k (-11.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, North Macedonia's main exporting competitors in Palm Oil were:
In 2023, North Macedonia'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
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TOP EXPORT POTENTIALCroatia+ $8.59k
TOP IMPORT POTENTIALIndonesia+ $1.96M

Palm Oil’s highest export potential is Croatia. With an export gap of $8.59k.   Palm Oil’s highest import potential is Indonesia with an import gap of $1.96M.

See methodology.

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