2022
Exports
$108MWorld Rnk 26 / 149
Flag Rnk 84 / 1100
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$942MWorld Rnk 16 / 208
Flag Rnk 34 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $108M in Palm Oil, making it the 26th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 84th most exported product in Saudi Arabia. The main destination of Palm Oil exports from Saudi Arabia are: Kuwait ($39.6M), Bahrain ($18.3M), United Arab Emirates ($16.7M), Jordan ($14.4M), and Ethiopia ($9.14M).

The fastest growing export markets for Palm Oil of Saudi Arabia between 2021 and 2022 were Kuwait ($35M), Bahrain ($12.7M), and Ethiopia ($4.97M).

Imports In 2022, Saudi Arabia imported $942M in Palm Oil, becoming the 16th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 34th most imported product in Saudi Arabia. Saudi Arabia imports Palm Oil primarily from: Malaysia ($618M), Indonesia ($269M), Oman ($52.7M), United Arab Emirates ($1.97M), and Kuwait ($504k).

The fastest growing import markets in Palm Oil for Saudi Arabia between 2021 and 2022 were Malaysia ($269M), Oman ($18.7M), and Kuwait ($504k).

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

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)$108M
IMPORTS (2022)$942M
NET TRADE (2022)-$834M

In 2022, Saudi Arabia exported $108M in Palm Oil. The main destinations of Saudi Arabia exports on Palm Oil were Kuwait ($39.6M), Bahrain ($18.3M), United Arab Emirates ($16.7M), Jordan ($14.4M), and Ethiopia ($9.14M).

In 2022, Saudi Arabia imported $942M in Palm Oil, mainly from Malaysia ($618M), Indonesia ($269M), Oman ($52.7M), United Arab Emirates ($1.97M), and Kuwait ($504k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Kuwait$35M (762%)
Bahrain$12.7M (225%)
Ethiopia$4.97M (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Saudi Arabia WERE (2021 - 2022):
Yemen-$12.2M (-100%)
Djibouti-$7.42M (-100%)
United Arab Emirates-$5.14M (-23.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Palm Oil were:
In 2022, Saudi Arabia'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 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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