Current year-to-date ( YTD ) data is through May 2020.

Imports: Palm oil

Palm oil, the No. 301 import by value totaled $69.04 million for the month of May, $430.21 million through May of 2020, and $954.39 million for all of 2019, the latest annual data available, according to U.S. Census Bureau data analyzed by WorldCity. Need more details? Read more

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Top Sources

RankCountryYTD
1Indonesia$248.97 M
2Malaysia$161 M
3Colombia$5.11 M
4Ecuador$4.48 M
5Singapore$3.66 M
6Denmark$2.09 M
7Mexico$1.44 M
8Brazil$948,771
9Ghana$820,838
10The Netherlands$483,616
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U.S. imports of Palm oil increased 5.86 percent through May to $430.21 million

U.S. imports of Palm oil increased 5.86 percent from $406.4 million to $430.21 million through the first five months of 2020 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.

The category ranked 301 through May among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 342 for the last full year with a total value of $954.39 million, a $132.62 million, 12.20 percent decreased from the 2018 total.

Through May of this year the leading sources were No. 1 Indonesia, No. 2 Malaysia, No. 3 Colombia, No. 4 Ecuador and No. 5 Singapore. The leading gateways were No. 1 Port of New Orleans, No. 2 Port of Savannah, Ga., No. 3 Port of Stockton, Calif., No. 4 Port of Newark and No. 5 Port of Richmond, Calif..

In the last previous full year, the leading sources were No. 1 Indonesia, No. 2 Malaysia, No. 3 Singapore, No. 4 Colombia and No. 5 Denmark. The leading gateways were No. 1 Port of New Orleans, No. 2 Port of Newark, No. 3 Port of Stockton, Calif., No. 4 Port of Charleston and No. 5 Port of Los Angeles.

Looking at specific airports, seaports and border crossings, the top five through through the first five months of the year were:

Highlights for the top five ports:

  • Port of New Orleans rose 20.36 percent compared to last year to $190.66 million.
  • Port of Savannah, Ga. fell 18.24 percent compared to last year to $90.36 million.
  • Port of Stockton, Calif. rose 65.7 percent compared to last year to $42.73 million.
  • Port of Newark fell 8.91 percent compared to last year to $41.94 million.
  • Port of Richmond, Calif. rose 20.13 percent compared to last year to $16.47 million.

There are several hundred airports, seaports and border crossings that handle international trade; they are, in turn, part of the roughly four dozen U.S. Customs districts.

Highlights for the top five foreign markets:

  • U.S. imports from No. 1 Indonesia increased $14.52 million, 6.19 percent, (57.87 percent market share).
  • U.S. imports from No. 2 Malaysia increased $7.66 million, 5 percent, (37.42 percent market share).
  • U.S. imports from No. 3 Colombia increased $1.72 million, 50.77 percent, (1.19 percent market share).
  • U.S. imports from No. 4 Ecuador increased $1.71 million, 61.93 percent, (1.04 percent market share).
  • U.S. imports from No. 5 Singapore decreased $837,645, 18.64 percent, (0.85 percent market share).

All totaled, 98.38 percent of all these Palm oil imports to the United States were shipped from the top five markets through May of this year. That is equal to $423.22 million of the $430.21 million total.

All totaled, 88.83 percent of all these Palm oil imports to the United States were shipped to the top five Ports through May of this year. That is equal to $382.16 million of the $430.21 million total