Palm Oil Prices in Benin
| Variety | Market level | Price (US$/kg) | Local (XOF) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.14 | 695 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 0.42 | 255 | ▼ 38.6% | ▼ 38.6% | UN Comtrade (unit value) |
As of June 2026, the palm oil price in Benin available is US$ 0.42 per kg (255 XOF), down 38.6% year-on-year.
Benin exported 854 tonnes of palm oil in 2024, valued at US$357,678, ranking #30 among 65 exporters and accounting for 0.0% of global exports, with a 28.5% decrease year-on-year. The country produced 100,000 tonnes in 2023, ranking #23 globally and representing 0.1% of world output, with a 4.2% increase from the previous year. The latest export price is US$0.4187 per kg. Benin is a net exporter of palm oil.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Production, Exports, Imports & HS Codes - palm oil in Benin
Benin exported 854 tonnes of palm oil in 2024, valued at US$357,678, ranking #30 among 65 exporters and accounting for 0.0% of global exports, with a 28.5% decrease year-on-year. The country produced 100,000 tonnes in 2023, ranking #23 globally and representing 0.1% of world output, with a 4.2% increase from the previous year. The latest export price is US$0.4187 per kg. Benin is a net exporter of palm oil.
Exports UN Comtrade · 2024
In 2024, Benin exported $357.7K (854.3 t) of palm oil▼ 28.5% YoY. That ranks #30 worldwide (0% of global exports).
Export value by year (US$)
Export volume by year
Top palm oil exporters worldwide UN Comtrade · 2024
- #1 Malaysia $3.3B · 38.2%
- #2 Indonesia $2.72B · 31.4%
- #3 Thailand $737.8M · 8.5%
- #4 Guatemala $444.6M · 5.1%
- #5 Colombia $339.5M · 3.9%
Annual export data Benin · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $357.7K | 854.3 t | $0.42 |
| 2023 | $500.4K | 734.4 t | $0.68 |
| 2022 | $1M | 1.7 kt | $0.6 |
| 2021 | $2.5M | 2.1 kt | $1.15 |
| 2020 | $3M | 6.2 kt | $0.49 |
Production FAOSTAT · 2023
Benin produced 100 kt of palm oil in 2023▲ 4.2% YoY. It ranks #23 among producing countries (0.1% of world output).
Production by year (tonnes)
HS Code
palm oil is traded under Harmonized System code 1511.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO). Values are official reported figures.