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151329 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.44BRnk 1259 / 4644
2023
Top Exporter | Top Importer $1.6B | $627MIndonesia | China
2023
Product Complexity -2.11Rnk 4551 / 4656
2022 - 2023
Export Growth (CAGR) -31.2%Rnk 4264 / 4644
2023
Share of World Trade 0.011%Rnk 1259 / 4644

About

Overview This page contains the latest trade data of Palm kernel & babassu oil, fractions, simply refined. In 2023, Palm kernel & babassu oil, fractions, simply refined were the world's 1259th most traded product, with a total trade of $2.44B. Between 2022 and 2023 the exports of Palm kernel & babassu oil, fractions, simply refined decreased by -31.2%, from $3.54B to $2.44B. Trade in Palm kernel & babassu oil, fractions, simply refined represent 0.011% of total world trade.

Palm kernel & babassu oil, fractions, simply refined are a part of Coconut Oil.

Exports In 2023 the top exporters of Palm kernel & babassu oil, fractions, simply refined  were Indonesia ($1.6B), Malaysia ($535M), Netherlands ($75.7M), Germany ($50.8M), and Estonia ($25.5M).

Imports In 2023 the top importers of Palm kernel & babassu oil, fractions, simply refined were China ($627M), United States ($458M), Brazil ($253M), Germany ($188M), and Russia ($115M).

Ranking Palm kernel & babassu oil, fractions, simply refined ranks 4551st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Palm kernel & babassu oil, fractions, simply refined. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Indonesia$1.6B
Top Destination (2023)China$627M

In 2023 Palm kernel & babassu oil, fractions, simply refined were the world's 1259th most traded product (out of 4,644).

In 2023, the top exporters of Palm kernel & babassu oil, fractions, simply refined were Indonesia ($1.6B), Malaysia ($535M), Netherlands ($75.7M), Germany ($50.8M), and Estonia ($25.5M).

In 2023, the top importers of Palm kernel & babassu oil, fractions, simply refined were China ($627M), United States ($458M), Brazil ($253M), Germany ($188M), and Russia ($115M).

Explore Visualizations

Exporters of Palm kernel & babassu oil, fractions, simply refined (2023)
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Importers of Palm kernel & babassu oil, fractions, simply refined (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Saudi Arabia$13.7M
Top Destination Growth (2022 -  2023)Sudan$15.2M

Between 2022 and 2023, the exports of Palm kernel & babassu oil, fractions, simply refined grew the fastest in Saudi Arabia ($13.7M), Belgium ($8.76M), Djibouti ($6.07M), Estonia ($5.31M), and Liberia ($3.66M).

Between 2022 and 2023, the fastest growing importers of Palm kernel & babassu oil, fractions, simply refined were Sudan ($15.2M), Ethiopia ($5.03M), Thailand ($4.37M), Kazakhstan ($2.19M), and Morocco ($1.36M).

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Exporters of Palm kernel & babassu oil, fractions, simply refined (2022 - 2023)

Importers of Palm kernel & babassu oil, fractions, simply refined (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Palm kernel & babassu oil, fractions, simply refined.

In 2023, market concentration measured using Shannon Entropy, was 1.71. This means that most of the exports of Palm kernel & babassu oil, fractions, simply refined are explained by 3 countries.

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Value of Exports in Palm kernel & babassu oil, fractions, simply refined

Net Trade

TOP NET EXPORTER (2023)Indonesia$1.6B
TOP NET IMPORTER (2023)China$627M

This map shows which countries export or import more of Palm kernel & babassu oil, fractions, simply refined. Each country is colored based on the difference in exports and imports of Palm kernel & babassu oil, fractions, simply refined during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Palm kernel & babassu oil, fractions, simply refined were Indonesia ($1.6B), Malaysia ($477M), Netherlands ($28M), Colombia ($20.6M), and Estonia ($11.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Palm kernel & babassu oil, fractions, simply refined were China ($627M), United States ($456M), Brazil ($251M), Germany ($137M), and Russia ($115M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Palm kernel & babassu oil, fractions, simply refined.
It is possible to select the main countries that export or import Palm kernel & babassu oil, fractions, simply refined in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Palm kernel & babassu oil, fractions, simply refined by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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