2022
Exports
$467kWorld Rnk 96 / 149
Flag Rnk 250 / 935
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$270MWorld Rnk 42 / 208
Flag Rnk 9 / 1145
2022
ECONOMIC COMPLEXITY of Senegal
-0.5Rnk 85 / 133

About

Exports In 2022, Senegal exported $467k in Palm Oil, making it the 96th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 250th most exported product in Senegal. The main destination of Palm Oil exports from Senegal are: Mauritania ($197k), Cote d'Ivoire ($126k), Guinea ($46.9k), Australia ($42.1k), and Guinea-Bissau ($19.5k).

The fastest growing export markets for Palm Oil of Senegal between 2021 and 2022 were Cote d'Ivoire ($126k), Guinea ($46.9k), and Australia ($42.1k).

Imports In 2022, Senegal imported $270M in Palm Oil, becoming the 42nd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 9th most imported product in Senegal. Senegal imports Palm Oil primarily from: Indonesia ($113M), Malaysia ($86.5M), Ghana ($25.5M), Cote d'Ivoire ($14M), and Sierra Leone ($10.4M).

The fastest growing import markets in Palm Oil for Senegal between 2021 and 2022 were Indonesia ($21.6M), Malaysia ($15M), and India ($2.1M).

Latest Trends

Oct 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)$467k
IMPORTS (2022)$270M
NET TRADE (2022)-$269M

In 2022, Senegal exported $467k in Palm Oil. The main destinations of Senegal exports on Palm Oil were Mauritania ($197k), Cote d'Ivoire ($126k), Guinea ($46.9k), Australia ($42.1k), and Guinea-Bissau ($19.5k).

In 2022, Senegal imported $270M in Palm Oil, mainly from Indonesia ($113M), Malaysia ($86.5M), Ghana ($25.5M), Cote d'Ivoire ($14M), and Sierra Leone ($10.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Senegal WERE (2021 - 2022):
Cote d'Ivoire$126k (1%)
Guinea$46.9k (1%)
Australia$42.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Senegal WERE (2021 - 2022):
Tunisia-$763k (-100%)
Iran-$224k (-100%)
Gambia-$43.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Senegal's main exporting competitors in Palm Oil were:
In 2022, Senegal'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 POTENTIALMauritania+ $62k
TOP IMPORT POTENTIALCote d'Ivoire+ $1.27M

Palm Oil’s highest export potential is Mauritania. With an export gap of $62k.   Palm Oil’s highest import potential is Cote d'Ivoire with an import gap of $1.27M.

See methodology.

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