Palm Oil Prices in Papua New Guinea
| Variety | Market level | Price (US$/kg) | Local (PGK) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.14 | 4.02 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 2.22 | 7.84 | n/a | n/a | UN Comtrade (unit value) |
As of June 2026, the palm oil price in Papua New Guinea available is US$ 2.22 per kg (7.84 PGK).
Papua New Guinea exported palm oil worth US$753,761,822 in 2023, ranking #4 among 75 exporters and accounting for 7.4% of global exports, despite an 11.1% year-on-year decline. The country produced 770,000 tonnes of palm oil, holding the #7 spot globally with 1.0% of world output, down 4.9% from the previous year. The latest export price is US$2.2236 per kg.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Use this data freely with attribution to Selina Wamucii.
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Production, Exports, Imports & HS Codes - palm oil in Papua New Guinea
Papua New Guinea exported palm oil worth US$753,761,822 in 2023, ranking #4 among 75 exporters and accounting for 7.4% of global exports, despite an 11.1% year-on-year decline. The country produced 770,000 tonnes of palm oil, holding the #7 spot globally with 1.0% of world output, down 4.9% from the previous year. The latest export price is US$2.2236 per kg.
Exports UN Comtrade · 2023
In 2023, Papua New Guinea exported $753.8M of palm oil▼ 11.1% YoY. That ranks #4 worldwide (7.4% of global exports).
Export value by year (US$)
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 $339.5M · 3.9%
Annual export data Papua New Guinea · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2023 | $753.8M | - | - |
| 2022 | $847.5M | 381.1 kt | $2.22 |
| 2021 | $709.4M | - | - |
| 2020 | $410.9M | - | - |
Production FAOSTAT · 2023
Papua New Guinea produced 770 kt of palm oil in 2023▼ 4.9% YoY. It ranks #7 among producing countries (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.