Refined palm kernel or babassu oil trade by country: top importers, exporters and prices
World trade in refined palm kernel or babassu oil was worth $2.71 billion in 2024, about 2.08 million tonnes. That is a fall of 7% since 2017, and up 13% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $2.71B | 2.08M t |
| 2023 | $2.39B | 2.03M t |
| 2022 | $3.37B | 1.90M t |
| 2021 | $2.94B | 2.10M t |
| 2020 | $1.76B | 2.06M t |
| 2019 | $1.53B | 1.98M t |
| 2018 | $2.27B | 2.08M t |
| 2017 | $2.91B | 2.12M t |
Top refined palm kernel or babassu oil exporting countries
Exports are led by Indonesia (65%), Malaysia (25%) and the Netherlands (2%). 98 countries reported exports, and the top three account for 92%.
| Exporter | Value | Share |
|---|---|---|
| Indonesia | $1.76B | 65% |
| Malaysia | $676.6M | 25% |
| Netherlands | $65.9M | 2.4% |
| Belgium | $33.8M | 1.3% |
| Germany | $29.0M | 1.1% |
| Spain | $24.2M | 0.9% |
| Thailand | $23.2M | 0.9% |
| Colombia | $18.9M | 0.7% |
| Estonia | $12.4M | 0.5% |
| Saudi Arabia | $11.9M | 0.4% |
| United States | $10.9M | 0.4% |
| Ecuador | $6.4M | 0.2% |
Top importing countries and buyer markets
The largest importers are China (26%), the United States (15%) and Brazil (11%). 160 countries imported it, and the top three take 52% of the value.
| Importer | Value | Share |
|---|---|---|
| China | $699.1M | 26% |
| United States | $406.0M | 15% |
| Brazil | $292.1M | 11% |
| Netherlands | $167.8M | 6.2% |
| Russia | $140.1M | 5.2% |
| Germany | $130.9M | 4.8% |
| Japan | $89.8M | 3.3% |
| Turkey | $84.6M | 3.1% |
| Malaysia | $59.7M | 2.2% |
| Egypt | $54.9M | 2% |
| Belgium | $42.9M | 1.6% |
| Canada | $40.0M | 1.5% |
Average price per kg
The world average declared value was about $1.30 per kg in 2024. Among the main exporters, Spain averaged $1.99 per kg and Thailand $1.12 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Related product types
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 1513.29: Vegetable oils: palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified. HS 1513 codes.
Common questions
Which countries export the most refined palm kernel or babassu oil?
Indonesia exported $1.76 billion in 2024, 65% of the world total, followed by Malaysia (25%) and the Netherlands (2%). In all, 98 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most refined palm kernel or babassu oil?
China imported $699.1 million in 2024, 26% of world imports, ahead of the United States (15%) and Brazil (11%). The top three importers together take 52%. Each country with its own page is linked from the table.
How big is the world trade in refined palm kernel or babassu oil?
It was worth $2.71 billion in 2024, about 2.08 million tonnes. That is a fall of 7% since 2017. The peak year was 2022 at $3.37 billion. 98 countries reported exports and 160 reported imports.
What is the average price of refined palm kernel or babassu oil per kg?
The world average declared value was about $1.30 per kg in 2024. Among the main exporters, Spain averaged $1.99 per kg and Thailand $1.12 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for refined palm kernel or babassu oil?
The HS code for refined palm kernel or babassu oil is subheading 1513.29, in chapter 15 (animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 1513 page.
How can I find refined palm kernel or babassu oil buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
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