Palm Oil in Singapore | The Observatory of Economic Complexity

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Exports In 2022, Singapore exported $613M in Palm Oil, making it the 8th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 71st most exported product in Singapore. The main destination of Palm Oil exports from Singapore are: India ($421M), Kenya ($36.2M), Israel ($34M), Malaysia ($30.2M), and United States ($15M).

The fastest growing export markets for Palm Oil of Singapore between 2021 and 2022 were Kenya ($19.4M), India ($14.4M), and Israel ($11.7M).

Imports In 2022, Singapore imported $352M in Palm Oil, becoming the 34th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 138th most imported product in Singapore. Singapore imports Palm Oil primarily from: Malaysia ($227M), Indonesia ($106M), Philippines ($17.6M), Colombia ($849k), and United States ($12.5k).

The fastest growing import markets in Palm Oil for Singapore between 2021 and 2022 were Malaysia ($56.2M), Indonesia ($48.2M), and Philippines ($13.9M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Palm Oil from Singapore 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)$613M

IMPORTS (2022)$352M

NET TRADE (2022)$261M

In 2022, Singapore exported $613M in Palm Oil. The main destinations of Singapore exports on Palm Oil were India ($421M), Kenya ($36.2M), Israel ($34M), Malaysia ($30.2M), and United States ($15M).

In 2022, Singapore imported $352M in Palm Oil, mainly from Malaysia ($227M), Indonesia ($106M), Philippines ($17.6M), Colombia ($849k), and United States ($12.5k).