🇸🇦 Saudi Arabia imports of palm oil: 2024 trade data
Saudi Arabia imported $1.22 billion of palm oil in 2024 (1.13 million tonnes). That makes it the 8th largest importer of this product worldwide, out of 210 countries. That is close to the 2023 level. Over 2017-2024 the trade grew strongly, by about 20% a year on average.
Public statistics, latest reported year 2024. Values in US dollars.
Imports of palm oil by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $1.22B | 1.13M t |
| 2023 | $1.19B | 1.02M t |
| 2022 | $1.03B | 709.4K t |
| 2021 | $861.0M | 737.8K t |
| 2020 | $336.1M | 473.6K t |
| 2019 | $288.7M | 510.6K t |
| 2018 | $315.5M | 504.4K t |
| 2017 | $334.4M | 468.4K t |
Where Saudi Arabia imports palm oil from
One supplier dominates: Indonesia accounted for 66% of the value. Among the main suppliers, Indonesia grew fastest (+38% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇮🇩 Indonesia | $800.5M | 66% |
| 🇲🇾 Malaysia | $347.7M | 29% |
| 🇴🇲 Oman | $69.4M | 5.7% |
| 🇦🇪 United Arab Emirates | $1.7M | 0.1% |
| 🇮🇹 Italy | $265K | 0% |
| 🇩🇪 Germany | $230K | 0% |
| 🇨🇦 Canada | $227K | 0% |
| 🇳🇱 Netherlands | $189K | 0% |
| 🇹🇭 Thailand | $117K | 0% |
| 🇵🇰 Pakistan | $86K | 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 | 52% |
| 1511.10 | Vegetable oils: palm oil and its fractions, crude, not chemically modified | 49% |
Codes and full descriptions: HS heading 1511.
Average import price of palm oil
The average declared value was about $1.08 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.
Saudi Arabia also exports palm oil
Exports of palm oil by Saudi Arabia reached $85.9 million in 2024 (54.7 thousand tonnes). Most of it went to Sudan (28%), Bahrain (19%), United Arab Emirates (19%). Among the main buyer markets, Qatar grew fastest (+306% on the year before).
| Destination | Value | Share |
|---|---|---|
| 🇸🇩 Sudan | $23.6M | 28% |
| 🇧🇭 Bahrain | $16.2M | 19% |
| 🇦🇪 United Arab Emirates | $16.2M | 19% |
| 🇯🇴 Jordan | $12.1M | 14% |
| 🇰🇼 Kuwait | $8.2M | 9.6% |
| 🇾🇪 Yemen | $3.4M | 4% |
| 🇴🇲 Oman | $2.2M | 2.6% |
| 🇶🇦 Qatar | $1.4M | 1.7% |
| 🇵🇸 Palestine | $889K | 1% |
| 🇪🇬 Egypt | $803K | 0.9% |
Who is behind these numbers in Saudi Arabia?
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 Saudi Arabia: questions
What is the value of palm oil imported by Saudi Arabia?
Saudi Arabia imported palm oil worth $1.22 billion in 2024 (1.13 million tonnes).
Where does Saudi Arabia import palm oil from?
The main supplier countries in 2024 were Indonesia (66%), Malaysia (28%), Oman (6%).
What is the average import price of palm oil in Saudi Arabia?
The average declared import value was about $1.08 per kg in 2024, against a world average of $1.00 per kg.
Does Saudi Arabia export palm oil?
Yes. Saudi Arabia exported palm oil worth $85.9 million in 2024, mainly to Sudan, Bahrain, United Arab Emirates.
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 Saudi Arabia?
These public statistics stop at country level. EximDataX builds Saudi Arabia 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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