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151110 (Harmonized System 1992 for 6-digit)

2023
World Trade $12.6BRnk 282 / 4644
2023
Top Exporter | Top Importer $4.32B | $6.59BMalaysia | India
2023
Product Complexity -2.13Rnk 4563 / 4656
2022 - 2023
Export Growth (CAGR) -22.1%Rnk 3829 / 4644
2023
Share of World Trade 0.056%Rnk 282 / 4644

About

Overview This page contains the latest trade data of Palm oil, crude. In 2023, Palm oil, crude were the world's 282nd most traded product, with a total trade of $12.6B. Between 2022 and 2023 the exports of Palm oil, crude decreased by -22.1%, from $16.2B to $12.6B. Trade in Palm oil, crude represent 0.056% of total world trade.

Palm oil, crude are a part of Palm Oil.

Exports In 2023 the top exporters of Palm oil, crude  were Malaysia ($4.32B), Indonesia ($4.04B), Papua New Guinea ($811M), Thailand ($809M), and Guatemala ($741M).

Imports In 2023 the top importers of Palm oil, crude were India ($6.59B), Netherlands ($1.25B), Kenya ($754M), Saudi Arabia ($616M), and Spain ($442M).

Ranking Palm oil, crude ranks 4563rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Palm oil, crude. 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)Malaysia$4.32B
Top Destination (2023)India$6.59B

In 2023 Palm oil, crude were the world's 282nd most traded product (out of 4,644).

In 2023, the top exporters of Palm oil, crude were Malaysia ($4.32B), Indonesia ($4.04B), Papua New Guinea ($811M), Thailand ($809M), and Guatemala ($741M).

In 2023, the top importers of Palm oil, crude were India ($6.59B), Netherlands ($1.25B), Kenya ($754M), Saudi Arabia ($616M), and Spain ($442M).

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Exporters of Palm oil, crude (2023)
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Importers of Palm oil, crude (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$45.3M
Top Destination Growth (2022 -  2023)Mozambique$105M

Between 2022 and 2023, the exports of Palm oil, crude grew the fastest in United Arab Emirates ($45.3M), Cambodia ($26.9M), Spain ($10.2M), Austria ($8.75M), and Philippines ($4.92M).

Between 2022 and 2023, the fastest growing importers of Palm oil, crude were Mozambique ($105M), Saudi Arabia ($74M), Colombia ($34.7M), Angola ($24.6M), and Ghana ($15.8M).

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Exporters of Palm oil, crude (2022 - 2023)

Importers of Palm oil, crude (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Palm oil, crude.

In 2023, market concentration measured using Shannon Entropy, was 2.85. This means that most of the exports of Palm oil, crude are explained by 7 countries.

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Value of Exports in Palm oil, crude

Net Trade

TOP NET EXPORTER (2023)Malaysia$4.17B
TOP NET IMPORTER (2023)India$6.58B

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

In 2023, the countries that had a largest trade value in exports than in imports of Palm oil, crude were Malaysia ($4.17B), Indonesia ($4.04B), Papua New Guinea ($811M), Thailand ($809M), and Guatemala ($740M).

In 2023, the countries that had a largest trade value in imports than in exports of Palm oil, crude were India ($6.58B), Netherlands ($1.14B), Kenya ($747M), Saudi Arabia ($614M), and Spain ($421M).

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 oil, crude.
It is possible to select the main countries that export or import Palm oil, crude in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Palm oil, crude 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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