2022
Exports
$159MWorld Rnk 21 / 149
Flag Rnk 32 / 1042
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$319MWorld Rnk 36 / 208
Flag Rnk 18 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $159M in Palm Oil, making it the 21st largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 32nd most exported product in Oman. The main destination of Palm Oil exports from Oman are: Saudi Arabia ($52.7M), United Arab Emirates ($47.7M), Yemen ($32.7M), Somalia ($13.6M), and Qatar ($5.44M).

The fastest growing export markets for Palm Oil of Oman between 2021 and 2022 were Saudi Arabia ($18.7M), United Arab Emirates ($17.4M), and Yemen ($11.8M).

Imports In 2022, Oman imported $319M in Palm Oil, becoming the 36th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 18th most imported product in Oman. Oman imports Palm Oil primarily from: Indonesia ($204M), Malaysia ($85.3M), United Arab Emirates ($23.9M), Saudi Arabia ($4.85M), and Singapore ($446k).

The fastest growing import markets in Palm Oil for Oman between 2021 and 2022 were Indonesia ($52.1M), Malaysia ($20.6M), and United Arab Emirates ($9.21M).

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)$159M
IMPORTS (2022)$319M
NET TRADE (2022)-$159M

In 2022, Oman exported $159M in Palm Oil. The main destinations of Oman exports on Palm Oil were Saudi Arabia ($52.7M), United Arab Emirates ($47.7M), Yemen ($32.7M), Somalia ($13.6M), and Qatar ($5.44M).

In 2022, Oman imported $319M in Palm Oil, mainly from Indonesia ($204M), Malaysia ($85.3M), United Arab Emirates ($23.9M), Saudi Arabia ($4.85M), and Singapore ($446k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Oman WERE (2021 - 2022):
Saudi Arabia$18.7M (54.9%)
United Arab Emirates$17.4M (57.5%)
Yemen$11.8M (56.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Oman WERE (2021 - 2022):
Somalia-$932k (-6.43%)
Qatar-$436k (-7.41%)
Iran-$299k (-99.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Palm Oil were:
In 2022, Oman'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 POTENTIALEthiopia+ $1.04M
TOP IMPORT POTENTIALMalaysia+ $1.9M

Palm Oil’s highest export potential is Ethiopia. With an export gap of $1.04M.   Palm Oil’s highest import potential is Malaysia with an import gap of $1.9M.

See methodology.

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