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2022
Exports $106MWorld Rnk 27 / 149
Flag Rnk 300 / 1176
falsefalse Cambodia
2021 - 2022
FASTEST GROWING MARKETfalseCambodia
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $1.14BWorld Rnk 15 / 208
Flag Rnk 55 / 1208
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Vietnam0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $106M in Palm Oil, making it the 27th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 300th most exported product in Vietnam. The main destination of Palm Oil exports from Vietnam are: Cambodia ($104M), Laos ($1.75M), Hong Kong ($106k), South Korea ($99.9k), and Malaysia ($64.6k).

The fastest growing export markets for Palm Oil of Vietnam between 2021 and 2022 were Cambodia ($16.2M), Laos ($554k), and Hong Kong ($106k).

Imports In 2022, Vietnam imported $1.14B in Palm Oil, becoming the 15th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 55th most imported product in Vietnam. Vietnam imports Palm Oil primarily from: Indonesia ($764M), Malaysia ($378M), Singapore ($620k), Thailand ($104k), and United States ($15.5k).

Latest Trends

Jul 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)$106M
IMPORTS (2022)$1.14B
NET TRADE (2022)-$1.04B

In 2022, Vietnam exported $106M in Palm Oil. The main destinations of Vietnam exports on Palm Oil were Cambodia ($104M), Laos ($1.75M), Hong Kong ($106k), South Korea ($99.9k), and Malaysia ($64.6k).

In 2022, Vietnam imported $1.14B in Palm Oil, mainly from Indonesia ($764M), Malaysia ($378M), Singapore ($620k), Thailand ($104k), and United States ($15.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Cambodia$16.2M (18.4%)
Laos$554k (46.3%)
Hong Kong$106k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Vietnam WERE (2021 - 2022):Singapore-$27 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Vietnam'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 POTENTIALSouth Korea+ $213k
TOP IMPORT POTENTIALMalaysia+ $4.12M

Palm Oil’s highest export potential is South Korea. With an export gap of $213k.   Palm Oil’s highest import potential is Malaysia with an import gap of $4.12M.

See methodology.

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