2022
Exports
$769kWorld Rnk 88 / 149
Flag Rnk 614 / 1168
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$39.5MWorld Rnk 100 / 208
Flag Rnk 241 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $769k in Palm Oil, making it the 88th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 614th most exported product in New Zealand. The main destination of Palm Oil exports from New Zealand are: Australia ($670k), Fiji ($97.6k), Cook Islands ($1.38k), China ($121), and Netherlands ($84).

The fastest growing export markets for Palm Oil of New Zealand between 2021 and 2022 were Australia ($551k), Fiji ($83k), and Cook Islands ($1.38k).

Imports In 2022, New Zealand imported $39.5M in Palm Oil, becoming the 100th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 241st most imported product in New Zealand. New Zealand imports Palm Oil primarily from: Malaysia ($37.1M), Netherlands ($1.1M), Indonesia ($450k), Thailand ($337k), and Australia ($274k).

The fastest growing import markets in Palm Oil for New Zealand between 2021 and 2022 were Malaysia ($9.48M), Indonesia ($318k), and Thailand ($189k).

Latest Trends

Sep 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 (2022)$769k
IMPORTS (2022)$39.5M
NET TRADE (2022)-$38.7M

In 2022, New Zealand exported $769k in Palm Oil. The main destinations of New Zealand exports on Palm Oil were Australia ($670k), Fiji ($97.6k), Cook Islands ($1.38k), China ($121), and Netherlands ($84).

In 2022, New Zealand imported $39.5M in Palm Oil, mainly from Malaysia ($37.1M), Netherlands ($1.1M), Indonesia ($450k), Thailand ($337k), and Australia ($274k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
Australia$551k (465%)
Fiji$83k (572%)
Cook Islands$1.38k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY New Zealand WERE (2021 - 2022):
Samoa-$224k (-100%)
Malaysia-$19.3k (-100%)
Ethiopia-$7.72k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Palm Oil were:
In 2022, New Zealand's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.91k
TOP IMPORT POTENTIALIndonesia+ $1.2M

Palm Oil’s highest export potential is China. With an export gap of $3.91k.   Palm Oil’s highest import potential is Indonesia with an import gap of $1.2M.

See methodology.

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