Palm Oil Prices in Gabon
| Variety | Market level | Price (US$/kg) | Local (XAF) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.14 | 712 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.13 | 707 | ▼ 20.2% | ▼ 20.2% | UN Comtrade (unit value) |
As of June 2026, the palm oil price in Gabon available is US$ 1.13 per kg (707 XAF), down 20.2% year-on-year.
Gabon exported 85,610 tonnes of palm oil in 2023, valued at US$96.8 million, ranking 11th among 75 exporters and accounting for 1.0% of global exports, despite a 29.4% year-on-year decline. The country produced 146,800 tonnes, placing 18th worldwide with 0.2% of global output and a slight 0.7% decrease from the previous year. The latest export unit value is US$1.1307 per kg. Gabon is a net exporter of palm oil.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Production, Exports, Imports & HS Codes - palm oil in Gabon
Gabon exported 85,610 tonnes of palm oil in 2023, valued at US$96.8 million, ranking 11th among 75 exporters and accounting for 1.0% of global exports, despite a 29.4% year-on-year decline. The country produced 146,800 tonnes, placing 18th worldwide with 0.2% of global output and a slight 0.7% decrease from the previous year. The latest export unit value is US$1.1307 per kg. Gabon is a net exporter of palm oil.
Exports UN Comtrade · 2023
In 2023, Gabon exported $96.8M (85.6 kt) of palm oil▼ 29.4% YoY. That ranks #11 worldwide (1% of global exports).
Export value by year (US$)
Export volume by year
Top palm oil exporters worldwide UN Comtrade · 2023
- #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 $339.5M · 3.9%
Annual export data Gabon · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2023 | $96.8M | 85.6 kt | $1.13 |
| 2022 | $137M | 96.7 kt | $1.42 |
| 2021 | $72.6M | 73.2 kt | $0.99 |
| 2020 | $33.9M | 47.1 kt | $0.72 |
Production FAOSTAT · 2023
Gabon produced 146.8 kt of palm oil in 2023▼ 0.7% YoY. It ranks #18 among producing countries (0.2% 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.