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2022
Exports $124MWorld Rnk 25 / 149
Flag Rnk 696 / 1217
2022
Destination $33.5M Canada
2021 - 2022
FASTEST GROWING MARKET $33.5MCanada
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $2.22BWorld Rnk 5 / 208
Flag Rnk 230 / 1216
2022
Origin $430M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $430MIndonesia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $124M in Palm Oil, making it the 25th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 696th most exported product in United States. The main destination of Palm Oil exports from United States are: Canada ($94.5M), Ethiopia ($8.89M), Mexico ($8.78M), Kenya ($4.07M), and Central African Republic ($1.69M).

The fastest growing export markets for Palm Oil of United States between 2021 and 2022 were Canada ($33.5M), Ethiopia ($4.35M), and Kenya ($4.07M).

Imports In 2022, United States imported $2.22B in Palm Oil, becoming the 5th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 230th most imported product in United States. United States imports Palm Oil primarily from: Indonesia ($1.89B), Malaysia ($219M), Ecuador ($32.6M), Colombia ($32.4M), and Singapore ($15M).

The fastest growing import markets in Palm Oil for United States between 2021 and 2022 were Indonesia ($430M), Ecuador ($25.4M), and Colombia ($17.4M).

COMPANIES In 2023, leading companies such as Chevron (342), Barry Callebaut (12), and Hall's Warehouse (1) were at the forefront of shipping Palm Oil to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Palm Oil exports accounted up to $11.5M and imports accounted up to $145M, resulting in a negative trade balance of $133M. Between September 2023 and September 2024 the exports of United States'   Palm Oil have increased by $1.42M (14%) from $10.1M to $11.5M, while imports decreased by $-53.2M (-26.8%) from $198M to $145M.

Destinations In September 2024, Palm Oil were exported mostly to Canada ($11.1M), Mexico ($450k), Japan ($23.6k), Belgium ($2.97k), and South Africa ($0), and were imported mostly from Indonesia ($124M), Malaysia ($16.5M), Colombia ($1.82M), Mexico ($1.47M), and Ecuador ($583k).

Growth In September 2024, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to Mexico ($388k or 55.1%) and Canada ($19.9k or 0.17%). In September 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-26M or -15.5%) and Jordan ($-165k or -91.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$1.42M(14%)
IMPORT GROWTH (September 2023 - September 2024)$-53.2M(-26.8%)
MAIN EXPORTER (September 2024)Virginia$13.3M
MAIN DESTINATION (September 2024)Canada$11.1M

This section shows Palm Oil's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$124M
IMPORTS (2022)$2.22B
NET TRADE (2022)-$2.1B

In 2022, United States exported $124M in Palm Oil. The main destinations of United States exports on Palm Oil were Canada ($94.5M), Ethiopia ($8.89M), Mexico ($8.78M), Kenya ($4.07M), and Central African Republic ($1.69M).

In 2022, United States imported $2.22B in Palm Oil, mainly from Indonesia ($1.89B), Malaysia ($219M), Ecuador ($32.6M), Colombia ($32.4M), and Singapore ($15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$33.5M (54.9%)
Ethiopia$4.35M (95.9%)
Kenya$4.07M (3.51M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY United States WERE (2021 - 2022):
Malaysia-$27.2M (-100%)
Venezuela-$3.15M (-99.8%)
Niger-$719k (-40%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, United States's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $6.2M
TOP IMPORT POTENTIALMalaysia+ $98.3M

Palm Oil’s highest export potential is Mexico. With an export gap of $6.2M.   Palm Oil’s highest import potential is Malaysia with an import gap of $98.3M.

See methodology.

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