2022
Exports
$1.31BWorld Rnk 3 / 149
Flag Rnk 49 / 1211
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$14.2MWorld Rnk 118 / 208
Flag Rnk 777 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $1.31B in Palm Oil, making it the 3rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 49th most exported product in Thailand. The main destination of Palm Oil exports from Thailand are: India ($1.11B), Burma ($131M), Kenya ($16.1M), Cambodia ($9.56M), and Netherlands ($8.19M).

The fastest growing export markets for Palm Oil of Thailand between 2021 and 2022 were India ($501M), Burma ($83.6M), and Netherlands ($8.19M).

Imports In 2022, Thailand imported $14.2M in Palm Oil, becoming the 118th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 777th most imported product in Thailand. Thailand imports Palm Oil primarily from: Malaysia ($13.9M), Indonesia ($181k), Sweden ($69.9k), United States ($46.7k), and Singapore ($13.1k).

The fastest growing import markets in Palm Oil for Thailand between 2021 and 2022 were Sweden ($27k), Singapore ($13k), and India ($73).

Latest Trends

Aug 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)$1.31B
IMPORTS (2022)$14.2M
NET TRADE (2022)$1.3B

In 2022, Thailand exported $1.31B in Palm Oil. The main destinations of Thailand exports on Palm Oil were India ($1.11B), Burma ($131M), Kenya ($16.1M), Cambodia ($9.56M), and Netherlands ($8.19M).

In 2022, Thailand imported $14.2M in Palm Oil, mainly from Malaysia ($13.9M), Indonesia ($181k), Sweden ($69.9k), United States ($46.7k), and Singapore ($13.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
India$501M (82.4%)
Burma$83.6M (178%)
Netherlands$8.19M (1.12M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Thailand WERE (2021 - 2022):
Kenya-$19.1M (-54.2%)
Uganda-$11.4M (-100%)
Rwanda-$1.51M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Palm Oil were:
In 2022, Thailand'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 POTENTIALChina+ $13.4M
TOP IMPORT POTENTIALMalaysia+ $10.2M

Palm Oil’s highest export potential is China. With an export gap of $13.4M.   Palm Oil’s highest import potential is Malaysia with an import gap of $10.2M.

See methodology.

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