2023
Exports
$84.9MWorld Rnk 25 / 150
Flag Rnk 111 / 1148
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$1.14BWorld Rnk 10 / 206
Flag Rnk 32 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $84.9M in Palm Oil, making it the 25th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 111th most exported product in Saudi Arabia. The main destination of Palm Oil exports from Saudi Arabia are: United Arab Emirates ($22.6M), Bahrain ($10.3M), Kuwait ($10.1M), Jordan ($7.95M), and Sudan ($7.63M).

The fastest growing export markets for Palm Oil of Saudi Arabia between 2022 and 2023 were Sudan ($6.39M), United Arab Emirates ($5.59M), and Djibouti ($4.86M).

Imports In 2023, Saudi Arabia imported $1.14B in Palm Oil, becoming the 10th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 32nd most imported product in Saudi Arabia. Saudi Arabia imports Palm Oil primarily from: Indonesia ($578M), Malaysia ($494M), Oman ($58.5M), United Arab Emirates ($7.9M), and Egypt ($1.19M).

The fastest growing import markets in Palm Oil for Saudi Arabia between 2022 and 2023 were Indonesia ($278M), United Arab Emirates ($4.76M), and Egypt ($1.19M).

COMPANIES In 2023, leading companies such as Chevron (6) were at the forefront of shipping Palm Oil from Saudi Arabia to the United States.

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)$84.9M
IMPORTS (2023)$1.14B
NET TRADE (2023)-$1.06B

In 2023, Saudi Arabia exported $84.9M in Palm Oil. The main destinations of Saudi Arabia exports on Palm Oil were United Arab Emirates ($22.6M), Bahrain ($10.3M), Kuwait ($10.1M), Jordan ($7.95M), and Sudan ($7.63M).

In 2023, Saudi Arabia imported $1.14B in Palm Oil, mainly from Indonesia ($578M), Malaysia ($494M), Oman ($58.5M), United Arab Emirates ($7.9M), and Egypt ($1.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Sudan$6.39M (518%)
United Arab Emirates$5.59M (32.8%)
Djibouti$4.86M (245%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Saudi Arabia WERE (2022 - 2023):
Yemen-$26M (-80.2%)
Ethiopia-$9.96M (-99.6%)
Bahrain-$8.29M (-44.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Palm Oil were:
In 2023, Saudi Arabia'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 POTENTIALEgypt+ $3.45M
TOP IMPORT POTENTIALIndonesia+ $57.1M

Palm Oil’s highest export potential is Egypt. With an export gap of $3.45M.   Palm Oil’s highest import potential is Indonesia with an import gap of $57.1M.

See methodology.

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