# HS 151329 Palm Kernel Or Babassu Oil And Their global trade...

Reported global trade in palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified reached $2.4B in 2024, with five-year annual growth of +12.2%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $1.7B | -1.7% | +17.6% |
| 2014 | $1.9B | +10.5% | +2.8% |
| 2015 | $1.7B | -8.9% | -0.3% |
| 2016 | $2.2B | +26% | +8.3% |
| 2017 | $2.6B | +18.3% | +10.7% |
| 2018 | $2.0B | -21.2% | +5.5% |
| 2019 | $1.4B | -33.2% | -14.6% |
| 2020 | $1.6B | +18.9% | -14.5% |
| 2021 | $2.7B | +68.1% | +10.1% |
| 2022 | $3.1B | +15.6% | +32.2% |
| 2023 | $2.1B | -33.2% | +9.1% |
| 2024 | $2.4B | +15.4% | -3.8% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $685.5M | +8.4% | 19 |
| USA | $351.2M | +9.9% | 31 |
| Brazil | $273.7M | +15.6% | 6 |
| Russia | $147.9M | +25.5% | 9 |
| Netherlands | $129.8M | +23.4% | 33 |
| Japan | $84.8M | +9.6% | 14 |
| Turkey | $76.9M | +10.2% | 8 |
| Germany | $65.6M | +14.3% | 24 |
| Egypt | $53.1M | +34.1% | 3 |
| Malaysia | $52.8M | +12% | 9 |
| South Africa | $35.3M | +11.1% | 6 |
| Sweden | $35.0M | +7.9% | 13 |

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