🇰🇼 Kuwait imports of palm oil: 2024 trade data
Kuwait imported $38.0 million of palm oil in 2024 (32.2 thousand tonnes). Value fell 15% from 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2022, at $57.4 million.
Public statistics, latest reported year 2024. Values in US dollars.
Imports of palm oil by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $38.0M | 32.2K t |
| 2023 | $44.5M | 37.1K t |
| 2022 | $57.4M | 34.8K t |
| 2021 | $36.3M | 32.1K t |
| 2020 | $19.5M | 23.3K t |
| 2019 | $21.6M | 30.1K t |
| 2018 | $27.2M | 34.3K t |
| 2017 | $28.0M | 33.5K t |
Where Kuwait imports palm oil from
One supplier dominates: Malaysia accounted for 61% of the value. Among the main suppliers, United Arab Emirates grew fastest (+35% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇲🇾 Malaysia | $23.1M | 61% |
| 🇸🇦 Saudi Arabia | $8.2M | 22% |
| 🇦🇪 United Arab Emirates | $6.0M | 16% |
| 🇴🇲 Oman | $431K | 1.1% |
| 🇮🇩 Indonesia | $111K | 0.3% |
| 🇱🇧 Lebanon | $74K | 0.2% |
| 🇬🇭 Ghana | $13K | 0% |
| 🇮🇹 Italy | $6K | 0% |
| 🇳🇬 Nigeria | $4K | 0% |
| 🇪🇬 Egypt | $0K | 0% |
Types of palm oil under HS 1511
| 1511.90 | Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified | 93% |
| 1511.10 | Vegetable oils: palm oil and its fractions, crude, not chemically modified | 7.6% |
Codes and full descriptions: HS heading 1511.
Average import price of palm oil
The average declared value was about $1.18 per kg, close to the world average of $1.00.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Kuwait?
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
Tell us what you trade and we will show you the latest records on a live call.
Mirror data: built from the shipment records of the countries that trade with it.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
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 1511: Palm oil and its fractions; whether or not refined, but not chemically modified.
Palm oil trade in Kuwait: questions
What is the value of palm oil imported by Kuwait?
Kuwait imported palm oil worth $38.0 million in 2024 (32.2 thousand tonnes).
Where does Kuwait import palm oil from?
The main supplier countries in 2024 were Malaysia (61%), Saudi Arabia (22%), United Arab Emirates (16%).
What is the average import price of palm oil in Kuwait?
The average declared import value was about $1.18 per kg in 2024, against a world average of $1.00 per kg.
What is the HS code for palm oil?
Palm oil falls under HS heading 1511 (Palm oil and its fractions; whether or not refined, but not chemically modified). The six-digit codes under it split the product by type.
How can I find the companies trading palm oil with Kuwait?
These public statistics stop at country level. EximDataX builds Kuwait trade from the records of its trading partners, updated weekly, so you can see who ships this product there.
Palm oil trade in other countries
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