2023
Exports
$3.25MWorld Rnk 62 / 150
Flag Rnk 748 / 1213
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$66.4MWorld Rnk 74 / 206
Flag Rnk 322 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $3.25M in Palm Oil, making it the 62nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 748th most exported product in Portugal. The main destination of Palm Oil exports from Portugal are: Spain ($1.64M), Angola ($759k), Cape Verde ($668k), Mozambique ($99.1k), and Sao Tome and Principe ($38.2k).

The fastest growing export markets for Palm Oil of Portugal between 2022 and 2023 were Sao Tome and Principe ($37.9k), Netherlands ($3.2k), and United Kingdom ($1.59k).

Imports In 2023, Portugal imported $66.4M in Palm Oil, becoming the 74th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 322nd most imported product in Portugal. Portugal imports Palm Oil primarily from: Spain ($52.5M), Philippines ($5.75M), Ecuador ($3.57M), Netherlands ($2.18M), and Indonesia ($557k).

The fastest growing import markets in Palm Oil for Portugal between 2022 and 2023 were Spain ($38.5M), Philippines ($5.03M), and Indonesia ($506k).

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)$3.25M
IMPORTS (2023)$66.4M
NET TRADE (2023)-$63.1M

In 2023, Portugal exported $3.25M in Palm Oil. The main destinations of Portugal exports on Palm Oil were Spain ($1.64M), Angola ($759k), Cape Verde ($668k), Mozambique ($99.1k), and Sao Tome and Principe ($38.2k).

In 2023, Portugal imported $66.4M in Palm Oil, mainly from Spain ($52.5M), Philippines ($5.75M), Ecuador ($3.57M), Netherlands ($2.18M), and Indonesia ($557k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Sao Tome and Principe$37.9k (12.3k%)
Netherlands$3.2k (14.1%)
United Kingdom$1.59k (80.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Portugal WERE (2022 - 2023):
Angola-$2.48M (-76.6%)
Spain-$553k (-25.3%)
Cape Verde-$169k (-20.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Palm Oil were:
In 2023, Portugal'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 POTENTIALSpain+ $1.2M
TOP IMPORT POTENTIALMalaysia+ $1.61M

Palm Oil’s highest export potential is Spain. With an export gap of $1.2M.   Palm Oil’s highest import potential is Malaysia with an import gap of $1.61M.

See methodology.

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