European Union | Imports and Exports | World | Palm oil | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" from European Union totalled $ 214 million in 2023. Sales of commodity group 1511 from European Union decreased by 13.1% in value terms compared to 2022. exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" decreased by $ 32 million (cumulative exports of commodity group 1511 from European Union amounted $246 million in 2022)
Exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" amounted to 0.007% of total exports from European Union (cumulative merchandise exports from European Union totalled $ 2.76 trillion in 2023). The share of commodity group 1511 in total exports from European Union decreased by 0.002 p.p. compared to 2022 (it was 0.009% in 2022 and cumulative exports from European Union were equal to $ 2.5 trillion).
Exports of commodity group 1511 amounted to 1.89% of total sales of group "" from European Union in 2023 (the value of exports of commodity group from European Union amounted to $11.2 billion in 2023). The share of exports of commodity group 1511 in sales of commodity group from European Union lowered by 0.564 p.p. compared to 2022 (it was 2.46% in 2022, and exports of commodity group from European Union were $10 billion).
Where does European Union export Palm oil and its fractions, whether or not refined, but not chemically modified?
Top export destinations of "Palm oil and its fractions, whether or not refined, but not chemically modified" from European Union in 2023:
- United Kingdom with a share of 55% (118 million US$)
- Serbia with a share of 9.21% (19.7 million US$)
- Russia with a share of 8.66% (18.5 million US$)
- Uruguay with a share of 5.23% (11.2 million US$)
- Ukraine with a share of 3.76% (8.07 million US$)
- Switzerland with a share of 2.69% (5.76 million US$)
- Turkey with a share of 2.16% (4.63 million US$)
- Algeria with a share of 1.96% (4.21 million US$)
- Brazil with a share of 1.71% (3.67 million US$)
- Suriname with a share of 1.12% (2.4 million US$)
Exports structure of 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified - from European Union in 2023 represented by the following main commodity groups:
- 91% (196 million US$): 151190 - Palm oil, other than crude, & fractions thereof , whether or not ref. but not chemically modified
- 8.17% (17.5 million US$): 151110 - Palm oil, crude
The value of imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" to European Union totalled $ 5.13 billion in 2023. Sales of commodity group 1511 to European Union decreased by 22% in value terms compared to 2022. imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" decreased by $ 1.5 billion (the value of imports of commodity group 1511 to European Union was equal to $6.64 billion in 2022)
Imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" accounted for 0.189% of total import flow to European Union (in 2023, total imports to European Union amounted to $ 2.71 trillion). The share of commodity group 1511 in total imports to European Union decreased by 0.03 p.p. compared to 2022 (it was 0.219% in 2022 and cumulative imports to European Union were equal to $ 3.02 trillion).
Imports of commodity group 1511 reached 32% of total imports of group "" to European Union in 2023 (imports of commodity group to European Union totalled $15.8 billion in 2023). The share of purchases of commodity group 1511 in imports of commodity group to European Union went down by 0.406 p.p. compared to 2022 (it was 32% in 2022, and imports of commodity group to European Union accounted for $20 billion).
Where does European Union import Palm oil and its fractions, whether or not refined, but not chemically modified from?
Top trading partners (import of "Palm oil and its fractions, whether or not refined, but not chemically modified") of European Union in 2023:
- Indonesia with a share of 40% (2.09 billion US$)
- Malaysia with a share of 25% (1.33 billion US$)
- Guatemala with a share of 12.5% (646 million US$)
- Papua New Guinea with a share of 6.4% (329 million US$)
- Honduras with a share of 5.34% (274 million US$)
- Costa Rica with a share of 2.81% (144 million US$)
- Colombia with a share of 2.11% (108 million US$)
- Gabon - 29 million US$
- Solomon Islands - 26 million US$
- Areas, nes - 25 million US$
Imports structure of 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified - to European Union in 2023 represented by the following main commodity groups:
- 51% (2.65 billion US$): 151190 - Palm oil, other than crude, & fractions thereof , whether or not ref. but not chemically modified
- 48% (2.48 billion US$): 151110 - Palm oil, crude
