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Where does India get its palm oil? Import sources 2024

In 2024, India imported $8.4 billion of palm oil (8.5 million tonnes), 19.8% of the world total. Indonesia sold 53% of the total, followed by Malaysia (34%) and Thailand (9%). India was the world’s largest importer of palm oil.

Summary

Value
$8.4billion
Tonnes
8.5million tonnes
Share of world total
19.8%
World rank
1st
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Indonesia4.5Tonnes: 4,458,425USD per tonne: $1,00353.1%Sea
Malaysia2.9Tonnes: 2,914,545USD per tonne: $98634.1%Sea
Thailand0.74Tonnes: 760,795USD per tonne: $9738.8%Sea
Papua New Guinea0.18Tonnes: 184,966USD per tonne: $9762.1%Sea
Cambodia0.06Tonnes: 60,041USD per tonne: $9560.68%Sea
Philippines0.04Tonnes: 53,822USD per tonne: $8270.53%Sea
Nepal0.03Tonnes: 28,394USD per tonne: $1,2060.41%Land
Gabon0.02Tonnes: 19,039USD per tonne: $9070.2%Sea
Sierra Leone< 0.01Tonnes: 2,818USD per tonne: $9430.03%Sea
Singapore re-exports< 0.01Tonnes: 719USD per tonne: $1,8100.02%Sea
Ghana< 0.01Tonnes: 968USD per tonne: $1,0010.01%Sea
Bangladesh< 0.01Tonnes: 760USD per tonne: $1,2690.01%Land
Cameroon< 0.01Tonnes: 630USD per tonne: $9090.01%Sea
Côte d'Ivoire< 0.01Tonnes: 418USD per tonne: $8770%Sea
United Arab Emirates< 0.01Tonnes: 200USD per tonne: $1,2690%Sea
Nigeria< 0.01Tonnes: 17USD per tonne: $3090%Sea
France< 0.01Tonnes: 1USD per tonne: $2,8480%Sea
Netherlands re-exports< 0.01Tonnes: 0USD per tonne: $1,3510%Sea
United States< 0.01Tonnes: 0USD per tonne: $9850%Sea
Germany< 0.01Tonnes: 0USD per tonne: $4,3970%Sea

Trend

Who it buys from

Indonesia has been its main source since 2022

Value in USD billions. The five largest sources in 2024.

  • Indonesia 4.5
  • Malaysia 2.9
  • Thailand 0.74
  • Papua New Guinea 0.18
  • Cambodia 0.06

Source: CEPII BACI

Show the numbers
Partner19952024
Indonesia0.074.5
Malaysia0.452.9
Thailand< 0.010.74
Papua New Guinea00.18
Cambodia00.06

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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