Palm Oil in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $30.3M in Palm Oil, making it the 42nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 418th most exported product in Brazil. The main destination of Palm Oil exports from Brazil are: Switzerland ($11.5M), Uruguay ($9.29M), United States ($2.92M), Netherlands ($1.88M), and Bolivia ($1.51M).

The fastest growing export markets for Palm Oil of Brazil between 2021 and 2022 were Uruguay ($5.58M), Switzerland ($3.9M), and Netherlands ($1.05M).

Imports In 2022, Brazil imported $377M in Palm Oil, becoming the 30th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 128th most imported product in Brazil. Brazil imports Palm Oil primarily from: Indonesia ($228M), Colombia ($117M), Malaysia ($15.8M), Denmark ($9.62M), and Ecuador ($2.97M).

The fastest growing import markets in Palm Oil for Brazil between 2021 and 2022 were Colombia ($8.95M), Indonesia ($6.33M), and Malaysia ($6.27M).

COMPANIES In 2023, leading companies such as CHEVRON PRODUCTS COMPANY (9) were at the forefront of shipping Palm Oil from Brazil to the United States.

Latest Trends

March 2024

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Overview In March 2024 Brazil's Palm Oil exports accounted up to $1.17M and imports accounted up to $19.1M, resulting in a negative trade balance of $17.9M. Between March 2023 and March 2024 the exports of Brazil's Palm Oil have increased by $93.7k (8.74%) from $1.07M to $1.17M, while imports decreased by $-14.4M (-43%) from $33.5M to $19.1M.

Destinations In March 2024, Palm Oil were exported mostly to Uruguay ($500k), United States ($218k), Argentina ($169k), Netherlands ($138k), and Bolivia ($126k), and were imported mostly from Colombia ($9.19M), Indonesia ($8.82M), Malaysia ($967k), Ecuador ($105k), and Netherlands ($23.7k).

Growth In March 2024, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to Uruguay ($72.7k or 18.4%), Bolivia ($23.4k or 29.2%), and French Guiana ($552 or 1.15k%). In March 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$93.7k(8.74%)

IMPORT GROWTH (March 2023 - March 2024)$-14.4M(-43%)

MAIN EXPORTER (March 2024)São Paulo$1.01M

MAIN DESTINATION (March 2024)Uruguay$500k

This section shows Palm Oil's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Palm Oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$30.3M

IMPORTS (2022)$377M

NET TRADE (2022)-$347M

In 2022, Brazil exported $30.3M in Palm Oil. The main destinations of Brazil exports on Palm Oil were Switzerland ($11.5M), Uruguay ($9.29M), United States ($2.92M), Netherlands ($1.88M), and Bolivia ($1.51M).

In 2022, Brazil imported $377M in Palm Oil, mainly from Indonesia ($228M), Colombia ($117M), Malaysia ($15.8M), Denmark ($9.62M), and Ecuador ($2.97M).

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