Palm Oil Prices in China
| Variety | Market level | Price (US$/kg) | Local (CNY) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Farmgate | 1.19 | 8.35 | ▼ 4.8% | ▼ 4.8% | FAOSTAT Producer Prices |
| - | Global benchmark | 1.14 | 7.99 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 0.95 | 6.66 | ▲ 32.0% | n/a | UN Comtrade (unit value) |
As of June 2026, the palm oil price in China available is US$ 1.19 per kg (8.35 CNY), down 4.8% year-on-year.
China exported 41 tonnes of palm oil in 2022, valued at US$39,309, ranking 54th among 78 exporters and accounting for 0.0% of global exports. The country is a net exporter. In 2023, China produced 112,877 tonnes of palm oil, ranking 21st globally and contributing 0.1% to world output, with production remaining stable year-on-year. The latest farmgate price is US$1.19 per kg.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Production, Exports, Imports & HS Codes - palm oil in China
China exported 41 tonnes of palm oil in 2022, valued at US$39,309, ranking 54th among 78 exporters and accounting for 0.0% of global exports. The country is a net exporter. In 2023, China produced 112,877 tonnes of palm oil, ranking 21st globally and contributing 0.1% to world output, with production remaining stable year-on-year. The latest farmgate price is US$1.19 per kg.
Exports UN Comtrade · 2022
In 2022, China exported $39.3K (41.4 t) of palm oil. That ranks #54 worldwide (0% of global exports).
Export value by year (US$)
Export volume by year
Top palm oil exporters worldwide UN Comtrade · 2022
- #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 $339.5M · 3.9%
Annual export data China · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2022 | $39.3K | 41.4 t | $0.95 |
| 2020 | $80.3K | 111.6 t | $0.72 |
Production FAOSTAT · 2023
China produced 112.9 kt of palm oil in 2023▲ 0% YoY. It ranks #21 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.