Refined palm oil imports in Saudi Arabia: data, top suppliers and prices
Saudi Arabia imported $628.7 million of refined palm oil in 2024 (529.8 thousand tonnes). Its share of world imports was 2%. Value rose 9% on 2023. Over 2017-2024 the trade grew strongly, by about 9% a year on average.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $628.7M | 529.8K t |
| 2023 | $579.2M | 467.0K t |
| 2022 | $672.8M | 405.8K t |
| 2021 | $506.6M | 355.8K 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 refined palm oil from
One supplier dominates: Indonesia accounted for 69% of the value. Among the main suppliers, Indonesia grew fastest (+32% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Indonesia | $434.1M | 69% |
| Malaysia | $122.9M | 20% |
| Oman | $69.4M | 11% |
| United Arab Emirates | $1.7M | 0.3% |
| Netherlands | $189K | 0% |
| Thailand | $117K | 0% |
| Pakistan | $86K | 0% |
| Kuwait | $62K | 0% |
| Vietnam | $36K | 0% |
| Sweden | $29K | 0% |
Average import price per kg
The average declared value was about $1.19 per kg, close to the world average of $1.01.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Refined palm oil exports from Saudi Arabia
Exports of refined palm oil by Saudi Arabia reached $84.9 million in 2024 (54.0 thousand tonnes). Most of it went to Sudan (28%), Bahrain (19%), United Arab Emirates (19%). Among the main buyer markets, Qatar grew fastest (+291% on the year before).
Who is behind these numbers in Saudi Arabia?
The shipment records behind Saudi Arabia refined palm oil imports (HS 1511.90): companies, dates, quantities and declared values.
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Mirror data: built from the shipment records of the countries that trade with it.
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 1511.90: Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified.
Common questions
What is the value of refined palm oil imported by Saudi Arabia?
Saudi Arabia imported refined palm oil worth $628.7 million in 2024, the latest year with complete public data, about 529.8 thousand tonnes. That ranks it 14th of 209 countries worldwide, with 2% of world imports. The value was up 9% on 2023.
Which countries supply refined palm oil to Saudi Arabia?
Indonesia was the largest supplier with 69% of the value ($434.1 million), followed by Malaysia (20%) and Oman (11%). The top three together account for 100%, out of 17 supplier countries in total. Indonesia grew fastest among the top ten, up 32% on the year.
What is the average import price of refined palm oil per kg?
The average declared import value was about $1.19 per kg in 2024, 18% above the world average of $1.01 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have imports of refined palm oil to Saudi Arabia changed since 2017?
Imports went from $334.4 million in 2017 to $628.7 million in 2024, an increase of 88%. The peak was 2022 at $672.8 million. Over 8 years the average was $457.7 million a year.
Does Saudi Arabia also export refined palm oil?
Yes. Saudi Arabia exported $84.9 million worth of this product in 2024, mainly to Sudan, Bahrain and the United Arab Emirates. On balance Saudi Arabia is a net importer of this product, by about $543.8 million a year.
What is the HS code for refined palm oil?
The HS code for refined palm oil is subheading 1511.90. It sits in HS chapter 15 (animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). The full list of codes and descriptions is on the HS 1511 page.
How can I find the companies behind this trade?
EximDataX rebuilds Saudi Arabia trade from the customs records of its trading partners, so the companies shipping to and from it are visible. Ask for a live look at your product.
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