Imports: Palm oil
Total Imports Compared to the same month a year ago
Compared to last month
Total All Imports Compared to the same month a year ago
Compared to last month
RankAmong U.S. Imports
Rank 2022
U.S. imports of Palm oil totaled $193.08 million in January, a change of -2.94 percent from the same month one year ago. The change from one month ago was 7.64 percent. Among more than 1,260 commodity classifications, Palm oil ranked No. 213 in January. It had ranked No. 205 for the same month last year.
While Palm oil ranked No. 213 in January by value, it ranked No. 40 by tonnage. The top three U.S. markets by value for Palm oil imports in January were (1) Indonesia, (2) Malaysia, and (3) Colombia. Among the nation's more than 450 airports, seaports and border crossings, the top three by value were (1) Passenger vehicles, (2) Oil, and (3) Cell phones, related equipment.
Top Sources
| Rank | Country | YTD |
|---|---|---|
| 1 | Indonesia | $141.6 million |
| 2 | Malaysia | $39.7 million |
| 3 | Colombia | $8 million |
| 4 | Mexico | $1.7 million |
| 5 | Ecuador | $1.6 million |
| 6 | Ghana | $192,530 |
| 7 | Sierra Leone | $80,000 |
| 8 | Nigeria | $64,489 |
| 9 | Liberia | $52,365 |
| 10 | Israel | $40,320 |
Top Gateways
| Rank | Port | YTD |
|---|---|---|
| 1 | Port of New Orleans | $84.3 million |
| 2 | Port of Savannah, Ga. | $52 million |
| 3 | Port of Newark | $20.3 million |
| 4 | Port of Houston | $16.3 million |
| 5 | Port of Stockton, Calif. | $11.9 million |
| 6 | Port of Boston | $2 million |
| 7 | Port Laredo | $937,991 |
| 8 | Port of San Juan, Puerto Rico | $871,375 |
| 9 | Port of New York | $683,683 |
| 10 | Port of Long Beach | $563,650 |
U.S. imports of Palm oil decreased 2.94 percent through January to $193.08 million
U.S. imports of Palm oil decreased 2.94 percent from $198.93 million to $193.08 million through the first month of 2023 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
The category ranked 213 through January among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 221 for the last full year with a total value of $2.32 billion, a $586.35 million, 33.91 percent increase from the 2021 total.
Through January of this year the leading sources were No. 1 Indonesia, No. 2 Malaysia, No. 3 Colombia, No. 4 Mexico and No. 5 Ecuador. The leading gateways were No. 1 Port of New Orleans, No. 2 Port of Savannah, Ga., No. 3 Port of Newark, No. 4 Port of Houston and No. 5 Port of Stockton, Calif..
In the last previous full year, the leading sources were No. 1 Indonesia, No. 2 Malaysia, No. 3 Singapore, No. 4 Mexico and No. 5 Ecuador. 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..
Looking at specific airports, seaports and border crossings, the top five through the first month of the year were:
Highlights for the top five ports:
- Port of New Orleans fell 17.79 percent compared to last year to $84.34 million.
- Port of Savannah, Ga. rose 4.24 percent compared to last year to $51.96 million.
- Port of Newark rose 51.72 percent compared to last year to $20.32 million.
- Port of Houston rose 5028.28 percent compared to last year to $16.31 million.
- Port of Stockton, Calif. fell 30.03 percent compared to last year to $11.91 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 decreased $26.04 million, 15.53 percent, (73.34 percent market share).
- U.S. imports from No. 2 Malaysia increased $13.1 million, 49.31 percent, (20.55 percent market share).
- U.S. imports from No. 3 Colombia increased $7.41 million, 1254.31 percent, (4.14 percent market share).
- U.S. imports from No. 4 Mexico increased $837,959, 98.7 percent, (0.87 percent market share).
- U.S. imports from No. 5 Ecuador increased $977,271, 154.14 percent, (0.83 percent market share).
All totaled, 99.74 percent of all these Palm oil imports to the United States were shipped from the top five markets through January of this year. That is equal to $192.57 million of the $193.08 million total.
All totaled, 95.73 percent of all these Palm oil imports to the United States were shipped to the top five Ports through January of this year. That is equal to $184.84 million of the $193.08 million total