2023
Exports
$48.4kWorld Rnk 123 / 150
Flag Rnk 992 / 1199
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$2.3MWorld Rnk 153 / 206
Flag Rnk 875 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $48.4k in Palm Oil, making it the 123rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 992nd most exported product in Norway. The main destination of Palm Oil exports from Norway are: Iceland ($32k), Sweden ($11.8k), United States ($4.28k), and Ghana ($415).

The fastest growing export markets for Palm Oil of Norway between 2022 and 2023 were United States ($4.28k), Sweden ($3.97k), and Ghana ($136).

Imports In 2023, Norway imported $2.3M in Palm Oil, becoming the 153rd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 875th most imported product in Norway. Norway imports Palm Oil primarily from: Sweden ($1.87M), Germany ($192k), Denmark ($79.4k), Malaysia ($64.1k), and Ghana ($35k).

The fastest growing import markets in Palm Oil for Norway between 2022 and 2023 were Germany ($173k), Sweden ($129k), and Ghana ($12.1k).

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)$48.4k
IMPORTS (2023)$2.3M
NET TRADE (2023)-$2.25M

In 2023, Norway exported $48.4k in Palm Oil. The main destinations of Norway exports on Palm Oil were Iceland ($32k), Sweden ($11.8k), United States ($4.28k), and Ghana ($415).

In 2023, Norway imported $2.3M in Palm Oil, mainly from Sweden ($1.87M), Germany ($192k), Denmark ($79.4k), Malaysia ($64.1k), and Ghana ($35k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Norway WERE (2022 - 2023):
United States$4.28k (1%)
Sweden$3.97k (50.9%)
Ghana$136 (48.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Norway WERE (2022 - 2023):
Iceland-$294k (-90.2%)
Denmark-$2.98k (-100%)
Netherlands-$20 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Palm Oil were:
In 2023, Norway'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 POTENTIALDenmark+ $19.2k
TOP IMPORT POTENTIALMalaysia+ $435k

Palm Oil’s highest export potential is Denmark. With an export gap of $19.2k.   Palm Oil’s highest import potential is Malaysia with an import gap of $435k.

See methodology.

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