Palm Oil Prices in Ecuador
| Variety | Market level | Price (US$/kg) | Local (USD) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Farmgate | 1.25 | - | ▲ 9.5% | ▲ 9.5% | FAOSTAT Producer Prices |
| - | Global benchmark | 1.14 | - | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.01 | - | ▼ 17.0% | n/a | UN Comtrade (unit value) |
As of June 2026, the palm oil price in Ecuador available is US$ 1.25 per kg, up 9.5% year-on-year.
Ecuador is a significant exporter of palm oil, ranking 11th among 65 exporters in 2024 with exports valued at US$72.7 million (72,162 tonnes), accounting for 0.8% of global exports and showing an 84.2% year-on-year increase. The country produced 494,674 tonnes of palm oil in 2023, also ranking 11th globally and representing 0.6% of world output, with a 10.9% annual growth. The latest farmgate generic price is US$1.2518 per kg.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Production, Exports, Imports & HS Codes - palm oil in Ecuador
Ecuador is a significant exporter of palm oil, ranking 11th among 65 exporters in 2024 with exports valued at US$72.7 million (72,162 tonnes), accounting for 0.8% of global exports and showing an 84.2% year-on-year increase. The country produced 494,674 tonnes of palm oil in 2023, also ranking 11th globally and representing 0.6% of world output, with a 10.9% annual growth. The latest farmgate generic price is US$1.2518 per kg.
Exports UN Comtrade · 2024
In 2024, Ecuador exported $72.7M (72.2 kt) of palm oil▲ 84.2% YoY. That ranks #11 worldwide (0.8% of global exports).
Export value by year (US$)
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 $339.5M · 3.9%
Annual export data Ecuador · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $72.7M | 72.2 kt | $1.01 |
| 2023 | $39.5M | - | - |
| 2022 | $89.1M | 73.4 kt | $1.21 |
| 2021 | $68M | 57.9 kt | $1.17 |
| 2020 | $59.5M | 90.9 kt | $0.65 |
Production FAOSTAT · 2023
Ecuador produced 494.7 kt of palm oil in 2023▲ 10.9% YoY. It ranks #11 among producing countries (0.6% 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.