Palm Oil in United States | The Observatory of Economic Complexity

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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 PRODUCTS COMPANY (347), BARRY CALLEBAUT USA, LLC (12), and HALL S WAREHOUSE CORPORATION (1) were at the forefront of shipping Palm Oil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Palm Oil exports accounted up to $14.7M and imports accounted up to $191M, resulting in a negative trade balance of $177M. Between February 2023 and February 2024 the exports of United States' Palm Oil have increased by $4.06M (38%) from $10.7M to $14.7M, while imports decreased by $-23.4M (-10.9%) from $215M to $191M.

Destinations In February 2024, Palm Oil were exported mostly to Canada ($9.64M), Mexico ($2.98M), Honduras ($2.1M), Japan ($5.56k), and Costa Rica ($4.95k), and were imported mostly from Indonesia ($178M), Malaysia ($8.84M), Mexico ($1.85M), Colombia ($974k), and Ecuador ($392k).

Growth In February 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 ($19.9k or 0.17%). In February 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-26M or -15.5%) and Jordan ($-165k or -91.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$4.06M(38%)

IMPORT GROWTH (February 2023 - February 2024)$-23.4M(-10.9%)

MAIN EXPORTER (February 2024)Louisiana$5.21M

MAIN DESTINATION (February 2024)Canada$9.64M

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

Trade Value

Growth

Growth (%)

Year

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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