In 2023, Indonesia and Malaysia remained the largest exporters of palm oil globally, with Indonesia exporting 29.41 million metric tons and Malaysia 13.25 million metric tons. Other significant contributors include the Netherlands, Guatemala, and Colombia. Notable year-on-year variations were observed in Russia (6.47%), Honduras (3.32%), and Lithuania (14.87%). Declines were seen in Nigeria (-15.59%), Niger (-15.59%), and the Philippines (-9.38%).
Looking forward, future trends to watch include the impact of sustainability initiatives and regulatory changes on palm oil production and export volumes. Additionally, shifts in major import markets and technological advancements in agriculture might influence global palm oil trade dynamics.
Top countries in Palm Oil Export Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 29,410 | 2023 | +1.27% | +1.06% | View data |
| 2 | 2 Malaysia | 13,250 | 2023 | -0.79% | -0.86% | View data |
| 3 | 3 Netherlands | 1,440 | 2023 | +1.12% | +2.14% | View data |
| 4 | 4 Guatemala | 950 | 2023 | +3.37% | +3.01% | View data |
| 5 | 5 Colombia | 823 | 2023 | +4.18% | +3.2% | View data |
| 6 | 6 Papua New Guinea | 638 | 2023 | +1.11% | +1.24% | View data |
| 7 | 7 Honduras | 438 | 2023 | +2.1% | +3.32% | View data |
| 8 | 8 Germany | 377 | 2023 | 0% | +0.48% | View data |
| 9 | 9 Thailand | 373 | 2023 | +3.04% | +1.46% | View data |
| 10 | 10 Ecuador | 314 | 2023 | +1.29% | +1.81% | View data |
