2022
Exports
$749kWorld Rnk 89 / 149
Flag Rnk 260 / 1032
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$318MWorld Rnk 37 / 208
Flag Rnk 6 / 1172
2022
ECONOMIC COMPLEXITY of Tanzania
-1.08Rnk 116 / 133

About

Exports In 2022, Tanzania exported $749k in Palm Oil, making it the 89th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 260th most exported product in Tanzania. The main destination of Palm Oil exports from Tanzania are: Spain ($288k), Rwanda ($266k), Democratic Republic of the Congo ($187k), Burundi ($2.56k), and Oman ($1.94k).

The fastest growing export markets for Palm Oil of Tanzania between 2021 and 2022 were Spain ($288k), Malawi ($1.67k), and France ($888).

Imports In 2022, Tanzania imported $318M in Palm Oil, becoming the 37th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 6th most imported product in Tanzania. Tanzania imports Palm Oil primarily from: Malaysia ($194M), Indonesia ($116M), Kenya ($4.68M), Singapore ($2.74M), and Rwanda ($359k).

The fastest growing import markets in Palm Oil for Tanzania between 2021 and 2022 were Rwanda ($359k), Singapore ($192k), and Oman ($81.8k).

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)$749k
IMPORTS (2022)$318M
NET TRADE (2022)-$317M

In 2022, Tanzania exported $749k in Palm Oil. The main destinations of Tanzania exports on Palm Oil were Spain ($288k), Rwanda ($266k), Democratic Republic of the Congo ($187k), Burundi ($2.56k), and Oman ($1.94k).

In 2022, Tanzania imported $318M in Palm Oil, mainly from Malaysia ($194M), Indonesia ($116M), Kenya ($4.68M), Singapore ($2.74M), and Rwanda ($359k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Tanzania WERE (2021 - 2022):
Spain$288k (1%)
Malawi$1.67k (1%)
France$888 (453%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Tanzania WERE (2021 - 2022):
Rwanda-$513k (-65.9%)
Zambia-$303k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Tanzania's main exporting competitors in Palm Oil were:
In 2022, Tanzania'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 POTENTIALSpain+ $260k
TOP IMPORT POTENTIALKenya+ $4.74M

Palm Oil’s highest export potential is Spain. With an export gap of $260k.   Palm Oil’s highest import potential is Kenya with an import gap of $4.74M.

See methodology.

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