Palm Oil in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $203k in Palm Oil, making it the 107th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 1119th most exported product in Japan. The main destination of Palm Oil exports from Japan are: Australia ($64.7k), Germany ($44k), Russia ($27.9k), Belgium ($22k), and South Korea ($21.9k).

The fastest growing export markets for Palm Oil of Japan between 2021 and 2022 were Russia ($16.3k), China ($3.76k), and Netherlands ($1.47k).

Imports In 2022, Japan imported $827M in Palm Oil, becoming the 17th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 157th most imported product in Japan. Japan imports Palm Oil primarily from: Malaysia ($660M), Indonesia ($166M), Colombia ($573k), United States ($58k), and Canada ($18.5k).

The fastest growing import markets in Palm Oil for Japan between 2021 and 2022 were Malaysia ($246M), Colombia ($106k), and United States ($53.3k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Palm Oil from Japan to the United States.

Latest Trends

January 2024

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Overview In January 2024 Japan's Palm Oil exports accounted up to ¥662k and imports accounted up to ¥7.84B, resulting in a negative trade balance of ¥7.84B. Between October 2022 and January 2024 the exports of Japan's Palm Oil have decreased by ¥-1.19M (-64.2%) from ¥1.85M to ¥662k, while imports decreased by ¥-1.93B (-19.8%) from ¥9.77B to ¥7.84B.

Destinations In January 2024, Palm Oil were exported mostly to Belgium (¥662k), and were imported mostly from Malaysia (¥6.93B) and Indonesia (¥917M).

Growth In January 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to . In January 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia (¥-1.51B or -56.6%) and Colombia (¥-11.2M or -65.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2022 - January 2024)¥-1.19M(-64.2%)

IMPORT GROWTH (January 2023 - January 2024)¥-1.93B(-19.8%)

MAIN EXPORTER (January 2024)Kanagawa¥662k

MAIN DESTINATION (January 2024)Belgium¥662k

This section shows Palm Oil's exports and imports data at subnational level for Japan. 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)$203k

IMPORTS (2022)$827M

NET TRADE (2022)-$826M

In 2022, Japan exported $203k in Palm Oil. The main destinations of Japan exports on Palm Oil were Australia ($64.7k), Germany ($44k), Russia ($27.9k), Belgium ($22k), and South Korea ($21.9k).

In 2022, Japan imported $827M in Palm Oil, mainly from Malaysia ($660M), Indonesia ($166M), Colombia ($573k), United States ($58k), and Canada ($18.5k).

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