In 2023, Indonesia and Malaysia dominated global palm oil exports with Indonesia at 19.431 billion USD, marking a 3.29% increase, contrasting Malaysia's slight decline by 0.14%. Emerging markets like Colombia and Ecuador saw increments of 3.8% and 2.34%, respectively. African and South American nations displayed varied growth, with Mozambique's 26.71% leap and Nigeria's 22.94% gain, whereas Singapore declined by 35.2%. Europe's contribution remains steady with key players like the Netherlands and Germany maintaining modest growth.
Future trends indicate potential shifts in global demand influenced by sustainability concerns, regulatory changes, and diversification strategies, which may alter the global export landscape, particularly for leading exporters like Indonesia and Malaysia.
Top countries in Export of Palm Oil by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 19,431,000,000 | 2023 | +2.41% | +3.29% | View data |
| 2 | 2 Malaysia | 8,608,100,000 | 2023 | -0.79% | -0.14% | View data |
| 3 | 3 Netherlands | 1,028,500,000 | 2023 | -0.28% | +1.02% | View data |
| 4 | 4 Colombia | 537,660,000 | 2023 | +4.32% | +3.8% | View data |
| 5 | 5 Germany | 377,880,000 | 2023 | +1.93% | +2.99% | View data |
| 6 | 6 Thailand | 227,120,000 | 2023 | +1.73% | +0.26% | View data |
| 7 | 7 Ecuador | 218,670,000 | 2023 | +1.38% | +2.34% | View data |
| 8 | 8 Ivory Coast | 198,330,000 | 2023 | +1.51% | +0.94% | View data |
| 9 | 9 Italy | 165,760,000 | 2023 | +3.75% | +3.48% | View data |
| 10 | 10 Denmark | 135,960,000 | 2023 | +3.74% | +2.62% | View data |
