Palm Oil Exports by Country

Palm tree nuts

Palm tree nuts

Used in food, cosmetics and as bio-fuel, worldwide demand for palm oil is robust. Indonesia remains as the market leader.

Global sales from palm oil exports by country totaled to US$33.3 billion in 2017. Overall, the value of palm oil exports fell by an average -0.8% for all exporting countries since 2013 when palm oil shipments were valued at $33.6 billion. Year over year, international palm oil sales gained 19% from 2016 to 2017.

Led by Indonesia, Asian countries accounted for the highest dollar worth of exported palm oil during 2017 with shipments valued at $28.6 billion or 85.9% of the global total.

In second place were European exporters at 6.7% while 4.9% of worldwide palm oil shipments originated from Latin American countries excluding Mexico but including the Caribbean. Smaller percentages came from Oceanian countries (1.6%) headed by Papua New Guinea, Africa (0.6%) then North America (0.3%).

The 4-digit Harmonized Tariff System code prefix for palm oil is 1511.

Palm Oil Exports by Country

Countries

Below are the 15 countries that exported the highest dollar value worth of palm oil during 2017.

  1. Indonesia: US$18.5 billion (55.5% of exported palm oil)
  2. Malaysia: $9.7 billion (29%)
  3. Netherlands: $1.4 billion (4.1%)
  4. Papua New Guinea: $512.8 million (1.5%)
  5. Guatemala: $446.5 million (1.3%)
  6. Colombia: $381.7 million (1.1%)
  7. Germany: $343.4 million (1%)
  8. Honduras: $335.8 million (1%)
  9. Thailand: $216.7 million (0.6%)
  10. Ecuador: $208.3 million (0.6%)
  11. Italy: $129.2 million (0.4%)
  12. Costa Rica: $119.1 million (0.4%)
  13. Denmark: $113.6 million (0.3%)
  14. United States: $98.5 million (0.3%)
  15. United Arab Emirates: $71.2 million (0.2%)

The listed 15 countries shipped 97.5% of global palm oil exports in 2017 by value.

Among the above countries, the fastest-growing palm oil exporters since 2013 were: Colombia (up 111.4%), Italy (up 106.9%), United Arab Emirates (up 84.5%) and Denmark (up 73.3%).

Those countries that posted declines in their exported palm oil sales were led by: Thailand (down -50%), Malaysia (down -21.4%), Costa Rica (down -20.6%), Netherlands (down -17.4%) and Germany (down -11.3%).

Advantages

The following countries posted the highest positive net exports for palm oil during 2017. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported palm oil and its import purchases for that same commodity.

  1. Indonesia: US$18.5 billion (net export surplus up 17.2% since 2013)
  2. Malaysia: $9.3 billion (down -21.1%)
  3. Papua New Guinea: $491.2 million (down -0.9%)
  4. Guatemala: $424.5 million (up 73.9%)
  5. Honduras: $323.9 million (up 30.1%)
  6. Colombia: $235.7 million (up 198.5%)
  7. Ecuador: $208.1 million (up 0.8%)
  8. Thailand: $205 million (down -52.7%)
  9. Costa Rica: $78.5 million (down -37.4%)
  10. Peru: $28.9 million (reversing a -$12.1 million deficit)
  11. Solomon Islands: $28.4 million (up 10.8%)
  12. Cambodia: $16.7 million (up 15.2%)
  13. Mauritius: $9.8 million (reversing a -$6.5 million deficit)
  14. Panama: $5.7 million (up 77.9%)
  15. Marshall Islands: $662,000 (reversing a -$42,000 deficit)

Indonesia has the highest surplus in the international trade of palm oil. In turn, this positive cashflow confirms Indonesia’s strong competitive advantage for this specific product category.

Opportunities

The following countries posted the highest negative net exports for palm oil during 2017. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported palm oil purchases and its exports for that same commodity.

  1. India: -US$5.1 billion (net export deficit down -26.5% since 2013)
  2. China: -$3.5 billion (down -29%)
  3. Pakistan: -$2.1 billion (up 13.9%)
  4. Spain: -$1.4 billion (up 85.3%)
  5. Bangladesh: -$998.4 million (down -49.6%)
  6. United States: -$998.1 million (down -11.5%)
  7. Italy: -$973.4 million (down -22.8%)
  8. Egypt: -$735.9 million (up 19.5%)
  9. Russia: -$669.7 million (down -3.1%)
  10. Netherlands: -$635.9 million (down -28.3%)
  11. Myanmar (Burma): -$613.5 million (up 1,298%)
  12. Vietnam: -$537.1 million (up 14.3%)
  13. Kenya: -$536.5 million (up 17.5%)
  14. Japan: -$528.5 million (down -1.6%)
  15. Germany: -$454.1 million (down -55.6%)

India incurred the highest deficit in the international trade of palm oil. In turn, this negative cashflow highlights India’s strong competitive disadvantage for this specific product category but also signals opportunities for palm oil-supplying countries that help satisfy the powerful demand.

Companies

palm oil Exporting Companies

According to global trading platform Alibaba, the following companies are top-rated examples of palm oil-trading companies located in the country shown within parentheses:

  • Erapoly Global Sdn. BHD (Malaysia)
  • Foshan Shunde Guoxin Ind. Co., Limited (China)
  • MUZ Trading (Philippines)
  • Novagen Genetica LtdA-EPP (Brazil)
  • Passata Trading GmbH (Germany)
  • Pt. Asianagro Agungjaya (Indonesia)

See also Palm Oil Imports by Country, Top Asian Export Countries and Indonesia’s Top 10 Exports

Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on May 28, 2018

Trade Map, International Trade Centre. Accessed on May 28, 2018

Investopedia, Net Exports Definition. Accessed on May 28, 2018

Wikipedia, Palm oil. Accessed on May 28, 2018

Alibaba, Supplier information for palm oil. Accessed on May 28, 2018