Palm Oil in Russia | The Observatory of Economic Complexity

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Exports In 2022, Russia exported $25.7M in Palm Oil, making it the 45th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 399th most exported product in Russia. The main destination of Palm Oil exports from Russia are: Kazakhstan ($22.8M), Kyrgyzstan ($931k), Uzbekistan ($892k), Armenia ($719k), and Mongolia ($200k).

The fastest growing export markets for Palm Oil of Russia between 2021 and 2022 were Kazakhstan ($1.88M), Uzbekistan ($556k), and Kyrgyzstan ($261k).

Imports In 2022, Russia imported $1.27B in Palm Oil, becoming the 11th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 20th most imported product in Russia. Russia imports Palm Oil primarily from: Indonesia ($743M), Estonia ($336M), Turkey ($163M), Malaysia ($14M), and Italy ($5.83M).

The fastest growing import markets in Palm Oil for Russia between 2021 and 2022 were Estonia ($120M), Turkey ($17M), and Belgium ($1.38M).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Palm Oil from Russia to the United States.

Feb 2024

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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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EXPORTS (2022)$25.7M

IMPORTS (2022)$1.27B

NET TRADE (2022)-$1.25B

In 2022, Russia exported $25.7M in Palm Oil. The main destinations of Russia exports on Palm Oil were Kazakhstan ($22.8M), Kyrgyzstan ($931k), Uzbekistan ($892k), Armenia ($719k), and Mongolia ($200k).

In 2022, Russia imported $1.27B in Palm Oil, mainly from Indonesia ($743M), Estonia ($336M), Turkey ($163M), Malaysia ($14M), and Italy ($5.83M).