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151190 (Harmonized System 1992 for 6-digit)

2023
World Trade $35.4BRnk 84 / 4644
2023
Top Exporter | Top Importer $20.8B | $4.85BIndonesia | China
2023
Product Complexity -2.43Rnk 4606 / 4656
2022 - 2023
Export Growth (CAGR) -18.5%Rnk 3563 / 4644
2023
Share of World Trade 0.16%Rnk 84 / 4644

About

Overview This page contains the latest trade data of Palm oil or fractions simply refined. In 2023, Palm oil or fractions simply refined were the world's 84th most traded product, with a total trade of $35.4B. Between 2022 and 2023 the exports of Palm oil or fractions simply refined decreased by -18.5%, from $43.5B to $35.4B. Trade in Palm oil or fractions simply refined represent 0.16% of total world trade.

Palm oil or fractions simply refined are a part of Palm Oil.

Exports In 2023 the top exporters of Palm oil or fractions simply refined  were Indonesia ($20.8B), Malaysia ($9.69B), Netherlands ($1.01B), Germany ($399M), and Estonia ($378M).

Imports In 2023 the top importers of Palm oil or fractions simply refined were China ($4.85B), Pakistan ($2.81B), India ($2.11B), United States ($1.99B), and Bangladesh ($1.4B).

Ranking Palm oil or fractions simply refined ranks 4606th 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 or 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$20.8B
Top Destination (2023)China$4.85B

In 2023 Palm oil or fractions simply refined were the world's 84th most traded product (out of 4,644).

In 2023, the top exporters of Palm oil or fractions simply refined were Indonesia ($20.8B), Malaysia ($9.69B), Netherlands ($1.01B), Germany ($399M), and Estonia ($378M).

In 2023, the top importers of Palm oil or fractions simply refined were China ($4.85B), Pakistan ($2.81B), India ($2.11B), United States ($1.99B), and Bangladesh ($1.4B).

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Exporters of Palm oil or fractions simply refined (2023)
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Importers of Palm oil or fractions simply refined (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Spain$85.3M
Top Destination Growth (2022 -  2023)Tanzania$185M

Between 2022 and 2023, the exports of Palm oil or fractions simply refined grew the fastest in Spain ($85.3M), Belgium ($34.9M), Italy ($34.6M), Estonia ($34.5M), and China ($20.2M).

Between 2022 and 2023, the fastest growing importers of Palm oil or fractions simply refined were Tanzania ($185M), Djibouti ($146M), Benin ($135M), Yemen ($123M), and Saudi Arabia ($96M).

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Exporters of Palm oil or fractions simply refined (2022 - 2023)

Importers of Palm oil or fractions simply refined (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Palm oil or fractions simply refined.

In 2023, market concentration measured using Shannon Entropy, was 2.01. This means that most of the exports of Palm oil or fractions simply refined are explained by 4 countries.

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Value of Exports in Palm oil or fractions simply refined

Net Trade

TOP NET EXPORTER (2023)Indonesia$20.8B
TOP NET IMPORTER (2023)China$4.81B

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

In 2023, the countries that had a largest trade value in exports than in imports of Palm oil or fractions simply refined were Indonesia ($20.8B), Malaysia ($9.01B), Netherlands ($732M), Cote d'Ivoire ($168M), and Thailand ($116M).

In 2023, the countries that had a largest trade value in imports than in exports of Palm oil or fractions simply refined were China ($4.81B), Pakistan ($2.8B), India ($2.08B), United States ($1.95B), and Bangladesh ($1.39B).

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

Top 10 Exporters Countries of Palm oil or 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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