# HS 151321 Palm Kernel Or Babassu Oil And Their global trade...

Reported global trade in palm kernel or babassu oil and their fractions, crude, not chemically modified reached $928.3M in 2024, with five-year annual growth of +2.8%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $881.6M | -29.1% | -21.2% |
| 2014 | $1.0B | +17.4% | -24.5% |
| 2015 | $1.1B | +4.9% | -4.4% |
| 2016 | $964.8M | -11.2% | +3.1% |
| 2017 | $1.1B | +18.6% | +3.4% |
| 2018 | $1.0B | -10.8% | -2.1% |
| 2019 | $810.6M | -20.5% | -5.6% |
| 2020 | $814.2M | +0.4% | -10.7% |
| 2021 | $1.2B | +48.7% | +5.9% |
| 2022 | $1.2B | +2.1% | +15.1% |
| 2023 | $795.4M | -35.6% | -0.8% |
| 2024 | $928.3M | +16.7% | -8.5% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Netherlands | $233.8M | +1.4% | 21 |
| Malaysia | $125.4M | -2.3% | 10 |
| India | $124.1M | +5.6% | 9 |
| Mexico | $113.5M | +17.9% | 15 |
| China | $70.0M | -9.4% | 6 |
| Spain | $64.9M | +27.3% | 23 |
| Germany | $33.0M | -6.7% | 21 |
| Italy | $27.2M | +5.7% | 19 |
| Kenya | $17.5M | +37.9% | 4 |
| Belgium | $15.7M | +17.7% | 16 |
| Poland | $13.0M | +125.6% | 11 |
| Chile | $8.7M | +118.9% | 6 |

_Source: reported merchandise trade data. Updated 2026-08-14._