Product intelligence · HS 120710 · 2024 data

Oil seeds: palm nuts and kernels, whether or not broken

Global exports of oil seeds: palm nuts and kernels, whether or not broken totalled $71,298,563 in 2024, a -0.5% change from the previous year. Traded by 106 countries across 562 bilateral corridors, with demand from 136 importing markets. The long-term trend is stable.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$71.3M

-0.5% YoY

3Y / 5Y CAGR

+2.1%

5Y: +15.1%

Supply structure

Diversified

HHI 0.104

Volatility

Low

Score 5/100

1.

Market movement

In 2024, oil seeds: palm nuts and kernels, whether or not broken trade exhibited slight decline, with global flows reaching $71,298,563 and a three-year compound annual growth rate of +2.1% (five-year: +15.1%). The all-time peak of $96,550,941 was recorded in 2012; the current level is 26% below that high-water mark.

Over the 30-year observation window (19952024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-4.1% acceleration).

The World Trade Flows Characterization classifies oil seeds: palm nuts and kernels, whether or not broken as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is diversified (Herfindahl-Hirschman Index 0.104). The three largest exporters — Thailand ($18.1M), Costa Rica ($10.0M), and Indonesia ($9.9M) — collectively dominate supply flows. The leading exporter has grown at +13.3% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.144). The three largest import markets are Malaysia ($23.3M), Costa Rica ($9.1M), and Guatemala ($6.5M). The largest importing market sources from 7 different supplying countries.

The dominant trade corridor is Thailand → Malaysia at $14.4M, representing 61.8% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for oil seeds: palm nuts and kernels, whether or not broken is 5 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $96,550,941 in 2012. Currently 26% below peak.

YearGlobal trade (USD)YoY growth
2015$31,036,606-21.0%
2016$77,789,866+150.6%
2017$57,704,825-25.8%
2018$64,233,565+11.3%
2019$35,352,500-45.0%
2020$41,128,315+16.3%
2021$67,080,147+63.1%
2022$79,386,806+18.3%
2023$71,635,283-9.8%
2024$71,298,563-0.5%

Top exporting countries

Ranked by export value of oil seeds: palm nuts and kernels, whether or not broken in 2024.

View all 106 exporters →

Top importing markets

Largest import destinations for oil seeds: palm nuts and kernels, whether or not broken.

View all 136 markets →

Leading trade corridors

Largest bilateral export flows for oil seeds: palm nuts and kernels, whether or not broken, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1ThailandMalaysia$14.4M+9.3%
2CambodiaMalaysia$5.0M+2.3%
3IndonesiaMalaysia$2.4M-33.4%
4Papua New GuineaMalaysia$1.4M+15.0%
5Burkina FasoMalaysia$198.7K+1534.3%
6SudanMalaysia$69.9K
7TürkiyeMalaysia$21.2K+123.6%
8Costa RicaMalaysia$8.2K

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.